Tower Resources Share Discussion Threads

[jungmana] 29/11/2024 14:34

* each GBP 2 million, typo

[jungmana] 29/11/2024 14:33

Cameroon, Namibia and South Africa each valued at GBP 3 million right now. Insane imoImo should be 3 times that before accounting for any JV ( farm out)

[2 solaris] 29/11/2024 14:30

This is so undervalued, £6m is less than a decent house in London or the Home counties.

[dannymaz89] 29/11/2024 13:51

https://x.com/theunsophistic2/status/1862494159254221250?s=46&t=4s-AQzZhMmeWz3Ire1AEsA

[jungmana] 29/11/2024 13:09

Upwego, TRP should benefit significantly from any GBP farm out in Namibia.

most importantly we are waiting for this from Cameroon;
"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. "

see the recent farm out rns.

market cap £6 million at 0,028p and about £1.5 million raised recently.

[emrysiorweth] 29/11/2024 13:05

Jungmana

The partner is NOT going to be Perenco

[ny boy] 29/11/2024 12:55

🚨🚨🚨Scam alert, usual well known ramping suspects 🚨🚨🚨

No money, death spiral to zero, well it’s not far off..imagine 68p to almost zero, job done, so many mugs trapped in all the dead cat bounces since 68p ffs, just nonsensical 🤡🤡🤡

[tanboy1950] 29/11/2024 10:55

This Share Reached £20 13 Years Ago. Still Waiting For Southways Rig.. One Day Rodders..

[dannymaz89] 29/11/2024 09:32

Very exciting times here

[jungmana] 29/11/2024 08:19

I think Perenco will want some of that. News hopefully in December

[dannymaz89] 29/11/2024 07:18

https://envoi.co.uk/projects/active-projects/africa/cameroon/TRP"All long-lead items have been purchased, the site survey is completed and the jack-up rig has been contracted and will mobilise in Q3 2024.""The economics show a four well 'stand-alone' development of just the contingent Northern Njonji resource potential is commercial. This could produce 8,000 bopd, with the proximity to local infrastructure providing rapid cash flow with recovery of exploration costs under the PSC from potential annual cash flows of >$100 million and an EMV10 of US$118 million. An additional EMV10 of US$82 million is calculated for the development of the prospective Southern Njonji resource potential. Substantial 100+ MMboe potential upside remains undrilled in the Dissoni South and Idenao East analogue prospects in the Block, immediately south of Perenco's Dissoni field."? 6m cap

[2 solaris] 28/11/2024 13:43

Why are you banging on about MATD, they are two separate companies Dannymaz89? MATD already have a discovery and are producing oil. Stick to TRP please, if that is what it's like at the Telegram group there is no sense in joining. It's like saying, 'my dog's bigger than your dog', just because they are both dogs!

[hazl] 28/11/2024 13:20

Is that


BLUE I see before me?

[dannymaz89] 28/11/2024 12:43

Tg grouphttps://x.com/theunsophistic2/status/1862114927109927172?s=46&t=4s-AQzZhMmeWz3Ire1AEsA

[dannymaz89] 28/11/2024 12:15

8000 bopd 4 drill target ..... 6m capMatd was 60m in anticipation of 800 bopd ?

[jungmana] 28/11/2024 12:13

I understand delays can be frustrating but farm outs involve lots of legal work and takes time as JA said in last weeks interview. As an example SEA recently promised an acquisition conclusion in July but was finally delivered 3 months later.Am expecting the deal to be concluded next month.

[zen12] 28/11/2024 12:08

Problem here is CEO, too stubborn, slow and very poor at comms with shareholders. Look at RNS in Sept about one firm proposal, nearly two month on, got placing away but still messing around...it's not as though they've had many proposals. Get it done, signed / sealed!

[jungmana] 28/11/2024 12:03

I genuinely believe TRP has the potential to be a GBP 100 million market cap company in 2025.3 huge projects in 3 excellent jurisdictions with lots of majors operating in those areas.Multi billion barrel potentials

[jungmana] 28/11/2024 11:43

Well am giving JA one last chance to deliver. For a GBP 6 million company, this one is imo the cheapest with oil and gas projects in prime locations .If they conclude this Thali deal imo we should be knocking on 0.1p in quick time. Worth keeping an eye on GBP too for their Namibia farm out

[gaf55] 28/11/2024 11:08

The prudent thing to do is to raise working capital, recruitment two board members. Whilst continuing to erode long term shareholder value into oblivion, not even releasing an update that may in fact be positively received by the market (rig mobilisation or status) ..... JA and this BOD are just inept at commercialising TRPs assets ! Change is needed now more than ever

[jungmana] 28/11/2024 10:11

Deal will happen, just lots of legal works and takes time;https://youtu.be/g7rAe79EJxY?si=n4oL6DTOO-yhs4sb

[tanboy1950] 28/11/2024 10:06

Jam Tomorrow As Always.