Tower Resources Share Discussion Threads

[riskyinvestor] 23/2/2024 11:41

With COPL going Bust soon

Sentiment is so low for Oil and Gas Explorers on the Stock market

[bionictroller] 23/2/2024 10:47

keep us your obsession with TRP even though you own no shares loony

[tburns] 23/2/2024 10:42

56M sell at 0.0205??

[dicko80] 23/2/2024 08:16

Buy pricing ticking up

[neilyb675] 23/2/2024 07:43

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

[neilyb675] 23/2/2024 07:42

pre market

2.2 - 2.6

[felix0007] 23/2/2024 00:08

risky so based on your initial 'target' of 15p you therefore assume this is going to dilute to around 80 - 128billion shares???..... i certainly hope not!! If you 'review' your targets daily can you provide your market report for trp and other similar stock tomorrow morning please??

[riskyinvestor] 22/2/2024 19:41

Felix

Yes it is 2p/3p due to further dilutions

I review my Price targets Daily

[bionictroller] 22/2/2024 11:40

8th FEB RNS:

Tower Resources Chairman & CEO, Jeremy Asher, commented:



"We are delighted to share this news, and grateful to the MINMIDT, the Societe Nationale de Hydrocarbures, and the Prime Minister and President of the Republic of Cameroon, for their continuing support.



"We remain confident in finalising asset-level financing for the well, for which this extension was a critical condition precedent. However, we cannot comment further on the commercial discussions in progress until firm agreements are reached.



"In the meantime, we are also continuing our work on the evaluation and prioritisation of leads and prospects on our Namibian licence in light of the basin modelling work we recently completed, and we have been discussing the next steps on our South African Algoa-Gamtoos license with our joint venture partner and operator, NewAge. We hope that this will be the first of many positive announcements in 2024."

[felix0007] 22/2/2024 11:09

Risky so your target is 2p then!!!......

[riskyinvestor] 22/2/2024 10:31

I used to do a lot of Day Trading a lot but am keeping this long term now

My Target Price is 15p over the Long Term

But I would happily Settle for 2p

[dicko80] 22/2/2024 10:28

JA is dropping hints ref Namibia, recent RNS and in the press...

19.02.24

Walvis Basin

Tower holds acreage in the Walvis Basin, which Asher said was somewhat neglected by industry. ExxonMobil has operations in the Namibe, in the north, although not revealed many insights into the area.

“The Walvis has not been well modelled in the past and is not well understood by the industry at large. We see that, in addition to the Kudu shale, which is the main source rock in the Orange Basin, there’s a deeper source in the synrift. The current feeling is that, whereas a decade ago we had focused on the massive anticlines, the stratigraphic traps may be of more interest.”

Asher noted that an old well, drilled by Norsk Hydro in the Dolphin graben, had found oil from a lacustrine source. “We know there is a working petroleum system which has been productive, but where’s the oil gone? There are only so many opportunities in the Orange Basin, then companies will start to look north – and we think the Walvis is the place to be.”

[bionictroller] 22/2/2024 10:23

Wololol

if you want my advice I wouldn't hang around waiting for your target price to buy.

You are splitting hairs

I would get in now at 0.024p

[bullrun1] 22/2/2024 09:45

Im not selling mate, im hoping to buy some more myself..

[riskyinvestor] 22/2/2024 09:41

Buyers returning

[dicko80] 22/2/2024 09:38

up she goes

[dicko80] 22/2/2024 09:35

due a tick up

[riskyinvestor] 22/2/2024 09:28

You get all these Assets for £3.5m


Cameroon
South Africa
Namibia

[riskyinvestor] 22/2/2024 09:21

For once I feel chilled holding an AIM Stock

JA will finally deliver me thinks

[wololol] 22/2/2024 09:00

I would like this to drop to 0.21 on the bid so I can load 50 million at 0.22. please sell some more.

[bullrun1] 22/2/2024 08:54

skif = skint