Tower Resources Share Discussion Threads

[dicko80] 13/11/2024 17:58

Rig discussions on other site

Towers current contract is for the Norve rig, BW extended it again a few months back, they expect to finish their drilling campaign now early in the new year, then the norve rig is released and is expected to us in Feb but this is where tower are trying to improve and get an alternative rig to spud earlier in the new year , this is what JA refers to in the email below and a lot of investors believe to be the Vali rig , as it is again through Borr and is ready for Jan. Borr have previously stated on record that it’s going to a previously announced contract

Links below

[tanboy1950] 13/11/2024 14:05

Back To The Same Price, Of 2.1/2 Years Ago. You Just Cannot Make It Up..

[jungmana] 13/11/2024 13:58

Bought a little more today

[dicko80] 13/11/2024 10:42

Let’s hope so

it mentions it’s a years contract , so with confirmation bank financing , mandate in place , we are set to be funded for the four well drill programme, targeting ph1 production of 8,000bopd

Multiple share price catalysts here

Farmout - 1 well
Rig contract
Bank financing 4 wells
Bank financing early production
Bank financing longer term loan production

To name a few

Reminder the spangel note was allowing $8 per bbl , if we retain 51% equity , would mean c18mmbbls for the 35mmbbl gross and potential £100m value from current £6m

Plus the additional 111mmbbls of high COS prospects to follow on just in Cameroon

Then the higher risk deeper plays offering some 600mmboe+

Just in Cameroon 👆

Transformational for little old tower if JA pulls this off

[emrysiorweth] 13/11/2024 08:54

VALI rig for TRP is a done deal

[dicko80] 13/11/2024 08:38

Yes also it was an article few months back stating it was going to a previously announced contract

[felix0007] 13/11/2024 08:01

This ties in nicely with this article...

[felix0007] 13/11/2024 07:58

The Vali rig is currently loading on to the Seaway Eagle, a heavy lift vessel, for transportation to a contract in Africa for early Q1 2025.

[dicko80] 13/11/2024 07:54

vali rig now ready

Looks like BOR have another coming to them “var” rig

[mr hangman] 12/11/2024 21:33

I would imagine another 20 placings before we get a sniff of a rig

[riskyinvestor] 12/11/2024 19:31

Banged it into another Aim Casino Stock which could easily do 100% in a day

[riskyinvestor] 12/11/2024 19:29

Yes have sold

Not bothered if it goes up when I sell

The Aim Market is a con market and a CASINO

[wooster4] 12/11/2024 19:23

Have you sold again risky?

[hazl] 12/11/2024 19:13

Somebody's a wee bit jealous that it's blue....hey?

[riskyinvestor] 12/11/2024 19:09

If this was gonna hit 0.10p why did JA do a PLACING at 0.027p

???

[riskyinvestor] 12/11/2024 19:08

Where are they going to get a rig at short notice

Normally RIGS are booked 6 months or to a year in advance


SCAM Stock this is

[dealer55] 12/11/2024 19:05

Sounds risky.

And Q1 works better for qtr1.

[riskyinvestor] 12/11/2024 19:05

Who is the PLACING King on the AIM Market

Is it JA or AP of VAST or somebody else

[jungmana] 12/11/2024 16:12

"The Company has received an updated proposal from the party whose financing proposal was first announced together with the Company's Interim Results on 30 September 2024, and is also still in discussions with other parties and expecting another proposal in due course. The updated proposal the Company has received is more detailed and would now provide in excess of US$15 million of funding for the Thali PSC work programme, including drilling the NJOM-3 well (which is already partly funded), in return for a minority interest in the PSC, and with Tower remaining as the Operator. "

[jungmana] 12/11/2024 16:08

Cameroon farm-out news with $15 million minimum will send trp to 0.1p+ in quick time. Hopefully not long to wait

[dicko80] 12/11/2024 10:47

One should learn to read

[hazl] 12/11/2024 09:08

We are blue.
Enough said.