Tower Resources Share Discussion Threads

[bullrun1] 16/2/2024 11:31

Brakes being released...GLA

[riskyinvestor] 16/2/2024 11:29

To be honest I do not want this to rise substantially because Mr Sensemum is going to lend me £10,000 and I am going to Buy more Tower Resources Stock

[neilyb675] 16/2/2024 11:26

.00029 being paid

[neilyb675] 16/2/2024 11:24

Your order can not be completed automatically

Your order cannot be completed automatically at this time, but can still be submitted as a negotiated order. Reasons for this could include market volatility, the size of your order, or because there is not enough electronic stock available to match your order.

Because your order cannot be completed automatically we cannot guarantee the share price at the time of your trade.

Your order will be sent directly to our Dealers who will negotiate the best price available for your order in the market at that time. All orders will be completed in fair and due turn as soon as is practically possible.

Once you have placed a negotiated order you do not have the facility to cancel this instruction online.

BUY: 5000000 TRP - TOWER RESOURCES ORD GBP0.00001

[neilyb675] 16/2/2024 11:23

tick up coming......

[neilyb675] 16/2/2024 11:22

Your order can not be completed automatically

Your order cannot be completed automatically at this time, but can still be submitted as a negotiated order. Reasons for this could include market volatility, the size of your order, or because there is not enough electronic stock available to match your order.

Because your order cannot be completed automatically we cannot guarantee the share price at the time of your trade.

Your order will be sent directly to our Dealers who will negotiate the best price available for your order in the market at that time. All orders will be completed in fair and due turn as soon as is practically possible.

Once you have placed a negotiated order you do not have the facility to cancel this instruction online.

BUY: 10000000 TRP - TOWER RESOURCES ORD GBP0.00001

[riskyinvestor] 16/2/2024 11:08

Real Spread is 0.0214p - 0.022p

[dicko80] 16/2/2024 10:54

SA

Totals large gas condensate discovery with AVO analysis has now been mapped and confirmed TRPs deepwater fan leads x2 are not only on trend with their discovery but also exhibit AVO analysis

Interesting bit is where Totals exhibits AVO class III (gas) then deeper down dip class IIp (oil/condensate) at deeper depths, highlighting the change in gas to fluids at greater depths

TRP deepwater prospects exhibit AVO analysis observed downdip in Totals discovery below the gas suggesting the sands in tiny old TRPs deepwater prospects to be charged and oil bearing

These two large prospects are estimated to contain

A mean of 3.75 billion bbls

P10

7.5 billion barrels OIP

Discussions ongoing with the JV partner on the next steps

[neilyb675] 16/2/2024 10:51

header updated

[dicko80] 16/2/2024 10:51

Namibia

Big big structures - alpha 850 - 1200sqkm, comparison Venus 600sqkm


Multi Billion bbls potential prospects

Clear indication of a working hydrocarbon system

Gas chimneys

DHI's

Basin modelling identified migration pathways

Oil seeps sat directly above prospects

Multiple leads and prospects

GBP prospect overlaps our licence so potentially if they get a farm out, for 25% of their Welwitschia Deep, so a free bet for additional upside

Updated volumetrics pending

Discussions with interested parties are rumoured to be ongoing

[riskyinvestor] 16/2/2024 10:43

This Stock is the best Oil and Gas play on the Aim Market

Should be valued at £100m before any drilling

[dicko80] 16/2/2024 10:43

Neily

Cameroon

Near term appraisal drilling
high COS
35m bbl prospect
targeting 16,000 BOPD.

Additional upside with the Dissoni & Ideneao prospects with pmean recoverable of 111.3mmbbls

Further upside with deeper prospects which currently have no numbers on potential in the public domain but are turbidite and sandstone exploration plays, analogous to giant fields such as Alba and Zafiro which are on trend within the same basin

[bullrun1] 16/2/2024 10:39

Lol.. perfect!!

[chinahere] 16/2/2024 10:35

Lol. The thing that is difficult.

3.5 DON'T SELL

[neilyb675] 16/2/2024 10:31

Benny - I like you already.✔8064;✔㈴6;✔👀

[benny shares] 16/2/2024 10:30

If you don't mind, I'd like to add my bullet points...1/ BUY2/HOLD3/SMILE4/RETIRE

[deanmatlazin] 16/2/2024 10:15

look like troopers from Helium1 is piling on this shares now

[dicko80] 16/2/2024 10:14

Also worth noting that production is a quick turnaround 6months or so

8k bopd ph1
16k bopd ph2

Think about the revenue vs current mktcap

[neilyb675] 16/2/2024 10:11

....with such a strong bid price ?

[dicko80] 16/2/2024 10:11

Can sell well over mid 0.0214p

Due a tick up risky

[riskyinvestor] 16/2/2024 10:07

I think a Big Sell is being worked hence we are not rising

All will be known soon

[dicko80] 16/2/2024 10:03

Upcoming appraisal drilling

June 2022

"The Company has also updated its estimate of the NPV10 of the base volumes in the 24.9 million barrel pMean recoverable case, to $305 million, as set out in the linked presentation at page 11."

April 2023

"Updated resource estimates and risks for the reservoirs connected to the NJOM-1 and the NJOM-2 discovery wells, substantially lowering risk attributed to PS9 Sup and PS3 HW reservoirs, and increasing total risked pMean prospective resources to 35.4 million bbls."

$305/24.9*35.4 =

$433.61m NPV10 (On a pro rata basis)

Mkt cap £2.7m

[neilyb675] 16/2/2024 09:57

Q1 news flow:

Licence extension✅c89;✅

EECP placement closure / repaid ✅✅✅;

Options sorted iaw Incentive Plan ✅✅✅;

✅ Asset level Well financing

✅ Service contracts

✅ Spud date

✅ Rig Mobilisation

✅ Drill Q2/3