Tower Resources Share Discussion Threads

[southway2] 14/5/2024 09:12

Truth hurts

[ny boy] 14/5/2024 08:43

southway, your intelligence levels have somewhat diminished after that post 🤦🏻‍♀️

[felix0007] 14/5/2024 08:25

Blue would be nice but one of those rare lesser spotted RNS's (quite literally!) would be nicer!!!

[tburns] 14/5/2024 06:48

Another blue day today.

[southway2] 14/5/2024 05:51

You couldn't make it up .At least try and look like you're different posters .... tan aka ny boy

[ny boy] 13/5/2024 17:35

tan..what, don’t leave with out me, one of my fav islands too

Enjoy, one of my fav restaurants on the Island is hidden away over looking the sea nr Deia… Ca's Patró March

[tanboy1950] 13/5/2024 17:22

Keep Up The Good Work NY Boy. Off To Mojacar Spain With The Lads, Only 10 Days.. Cannot Handle Too Much Beer And Sun Lol...

[ny boy] 13/5/2024 13:56

Keep pumping guys, only 80M + volume..must try harder 😅

Just a load of African confetti pish
Zero would be too much 🤣

[dicko80] 13/5/2024 08:44

Feb RNS

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."

[neilyb675] 13/5/2024 08:13

WHALE back for more ???

[dicko80] 12/5/2024 10:48

The link from my previous post was from here

Posted 7th May 2024

[dicko80] 12/5/2024 09:46

Offshore South Africa

You may have read some of my previous posts regarding “above the ground risks” ref SA

Confirmation that Total have now got the green light to go ahead and drill offshore SA , with a potential of upto 9 additional wells



This is extremely positive news for us as it opens up our highly prospective SA assets

Reminder of our current leads and prospects offshore SA

Oil in Place (MMbbl)

Lead P90 P50 P10 Mean

Reedbuck 110. 288. 624 336

Steenbok 34 124. 381 174

Lead 1 40 210 853. 356

Roan 89 322 1275 558

Canyon 25 84 207 103

Deepwater Slope Shallow 377 1,093 2,954 1,444

Deep 111 349 1,241 563

Deepwater Basin Floor Fan 528 1,349 3,384 1739

Summed Mean 5,273



Finally looks like farm out discussions can now be progressed and more so for us all 3 assets in play for a very cheap £3m mkt valuation

[rajaster] 12/5/2024 00:09

"bionictroller10 May '24 - 21:15 - 4740 of 4742

so sell then and buy something else"

what words of wisdom, total genius, i have a plan with TRP and will be out without emotional attachment as i see fit. but i definitely wont advise anyone else to make any decisions based on what i think or what you do. Youve got deeper pocket so bought enough to become an insider so i dont expect much words of wisdom, but lets say your target of 0.15p+ materialises which i somehow doubt: 0.15/0.02(current buy price) then thats roughly 7.29 mean the market cap will need to be 28.41 million as it is 3.16 million right now.

now massively far fetched as long as they dont dilute further, i expect a pump at somepoint and at that point another cash raise that will be at a huge discount and the share price to promptly collase again. I dont expect anything material before the year end as its africa and delays are always common. The only thing guaranteed in all of this, JA continues to get paid(Ca..ching).. money bags

I say good luck, you say you dont need it lol. ok no worries, my points are to balance the argument. I dont care what anyone else does or doesn't do with their money or shares. But dont jump in thinking its all rosy, if you are willing to gamble(like i am doing).. dont risk the house and are willing to wait, then who knows.. ive held one or two i wrote off in the past that 20 bagged and much sooner then expected but the market has been very very tough since 2016ish time.

[bionictroller] 11/5/2024 10:07

so we have gone from "admistration" prediction 8 months ago nwo to "virtually bust"

LOL

[bionictroller] 10/5/2024 21:15

so sell then and buy something else

[rajaster] 10/5/2024 20:20

"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."


the above was in febuary, i know we are not expecting drilling yet but what happened to how it will be funded.. as the eecp facility payment of 400k isnt enough to fund a well? also what happened to the other namibian and SA licence news?.. do we expect a half year results soon to tell us anything else, like i said earlier i dont think there is much cashflow left and they will probably announce more confetti shares in the next month. it wont even surprised me if they consolidate the shares, right now its just another AIM juniour oiler that is struggling to raise the capital and is struggling with the typical african problems, thali or no thali.

[tanboy1950] 10/5/2024 19:23

Dont Be A Daft Lad Southway. Im In West Yorkshire.. We Go Out To Town IN A String Vests, When Its A Snow Blizzard Lol..

[southway2] 10/5/2024 17:57

Yes they are the same poster but no need to be rude

[southway2] 10/5/2024 17:56

Same posters boy and boy Plainly obvious

[ny boy] 10/5/2024 15:16

bion, are you adding at the next placing rns?

Who doesn't love to drill a Thali on a friday night, 🤔still in Asia, first rains for 5 months after another freaky weather period.

Right enough of this nonsense, will check back in over the weekend once neily has finished his usual copy & pasting..have fun

[bionictroller] 10/5/2024 14:16

NY Boy

I haven't disappeared. I just don't spend every day on this forum watching the share price like a hawk.

You nutters need to get a life.

Paper losses are irrelevant to me.

I am here for Thali to get drilled and it will.

[ny boy] 10/5/2024 14:09

Cue the desperate rampers saying me and tan are the same person, reason this time, we posted within 2 mins of each other, previous reasons we both are validated users, we both have boy in our nickname 🙄🤣