Tower Resources Share Discussion Threads

[ny boy] 02/4/2024 14:24

As I said before general US equity markets are at frothy valuations, interest rate cuts for June have long been built into the market moves higher. A strong chance of a decent correction, possibly a severe correction. I am not a buyer of any equities at this juncture. The tiddlers, mostly hugely diluted and stuffed with debt will simply not survive for long imo

[riskyinvestor] 02/4/2024 12:11

The AIM Market is dead

JA needs to list on another EXCHANGE

No liquidty in the AIM Market presently

Everyone is buying Crypto

[riskyinvestor] 02/4/2024 10:38

Is another Placing being worked

[riskyinvestor] 02/4/2024 10:06

This is turning out to be a Dog of a Share

[tanboy1950] 02/4/2024 09:59

Great Opportunity To Lose Money..£20 Down To 0.018 PLEASE DO NOT BUY..

[ny boy] 02/4/2024 09:05

Yeah sure, you said the same thing at 0.04p last autumn, only a 50% loss for those trapped in at that level 🤦🏻‍♀️🙈👩🏿

[dicko80] 02/4/2024 09:01

Great opportunity @ 0.019p

[ny boy] 02/4/2024 07:59

Administration looms, white business men fail in Africa

[bionictroller] 01/4/2024 20:36

Great info guys

At 0.02p the market cap is £3.2 million

Shares could go up 10 fold and still be cheap

[southway2] 01/4/2024 20:17

Or you could believe the tripe spouted by ny/tanboy who claimed no rig and no license extension..... that went well I think I'll choose below.......SP Global interview last week Confirmation drilling July Drilling on Namibia's Walvis basin to follow 3D seismic Cameroon goes a little bit under the radar compared to some of its neighbours, but it has a very good stable government, and an excellent straightforward petroleum code," Asher said in a wide-ranging interview. "So, we have all the advantages of one of the most prolific production basins in West Africa and we also have a very attractive, supportive stable regime." Thali license Tower Resources, which is also present in Namibia and South Africa, plans to drill its first appraisal well on its Thali license -- home to a historic TotalEnergies discovery -- in July or August, having contracted the Norve jack up rig. Tower holds 100% of the Thali block and recently saw its exploration license extended through February 2025 "The purpose of the NJOM-3 well is both to test the existing reservoirs that were already intersected by the original TotalEnergies discovery well, and also to test the other potential reservoirs on the structure. It is both an exploration and an appraisal well," Asher said. The AIM-listed company is targeting 18 million barrels of recoverable contingent resources, and a further 18 million barrels of prospective resources in the south of the structure. "The prize on this well is already substantial, and it will open the door to our then drilling three further wells [in Q4 2025]. We intend to bring all four wells into production at once, drilling all four from the same location but deviated into different parts of the structure including an extension of some of the reservoirs," Asher said. "If all goes to plan, we could reach first oil by the end of 2025, subject to a follow-up rig being available and our getting the financing for the next phase of work in good time." Asher said the company was using a production base case of 8,000 b/d. "That is a lot of production and a lot of cash flow immediately for the company, so would be quite transformational for us," he said. Just a £2.75m mkt cap with near term catalysts Cameroon & confirmation multiple interested parties In Namibia With multi billion bbl potential Crazy value with off the chart blue sky potential

[neilyb675] 01/4/2024 17:39

Q1/2 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

[ny boy] 01/4/2024 16:27

US markets will start rolling over this week, corrective phase could be very painful, tiddlers on their last legs will be in administration in months,it’s that bad.

White business men fail in Africa as they never understand the African people.

A lot of crying for those holders this year, don’t choke on your Easter eggs now

[dicko80] 01/4/2024 12:01

SP Global interview last week

Confirmation drilling July

Drilling on Namibia's Walvis basin to follow 3D seismic

Cameroon goes a little bit under the radar compared to some of its neighbours, but it has a very good stable government, and an excellent straightforward petroleum code," Asher said in a wide-ranging interview.

"So, we have all the advantages of one of the most prolific production basins in West Africa and we also have a very attractive, supportive stable regime."

Thali license

Tower Resources, which is also present in Namibia and South Africa, plans to drill its first appraisal well on its Thali license -- home to a historic TotalEnergies discovery -- in July or August, having contracted the Norve jack up rig. Tower holds 100% of the Thali block and recently saw its exploration license extended through February 2025

"The purpose of the NJOM-3 well is both to test the existing reservoirs that were already intersected by the original TotalEnergies discovery well, and also to test the other potential reservoirs on the structure. It is both an exploration and an appraisal well," Asher said.

The AIM-listed company is targeting 18 million barrels of recoverable contingent resources, and a further 18 million barrels of prospective resources in the south of the structure.

"The prize on this well is already substantial, and it will open the door to our then drilling three further wells [in Q4 2025]. We intend to bring all four wells into production at once, drilling all four from the same location but deviated into different parts of the structure including an extension of some of the reservoirs," Asher said.

"If all goes to plan, we could reach first oil by the end of 2025, subject to a follow-up rig being available and our getting the financing for the next phase of work in good time."

Asher said the company was using a production base case of 8,000 b/d. "That is a lot of production and a lot of cash flow immediately for the company, so would be quite transformational for us," he said.



Just a £2.75m mkt cap with near term catalysts Cameroon & confirmation multiple interested parties In Namibia

With multi billion bbl potential

Crazy value with off the chart blue sky potential

[bri15] 01/4/2024 09:24

Risky borrow more and put it in Geni, going to rise massively over next 12 months, guarantee you that.

[riskyinvestor] 31/3/2024 22:33

This is the Stock which is going to recoup all my losses on the AIM Market (£250,000)

[riskyinvestor] 31/3/2024 22:16

This Stock is gonna make me retire

Namibia

South Africa

Cameroon

World Class Assets they are

Then again have got 52000 Shares in OPL 321 and OPL 323 (Equator Exploration)