Tower Resources Share Discussion Threads

[imjustdandy] 16/1/2018 16:43

£3.5m Mkt cap. Some upside to come

[imjustdandy] 16/1/2018 16:35

News this week. Oil now through $70. Could be a very interesting punt down here

[soulsauce] 16/1/2018 16:29

Nice finish ;-)

[maccamcd] 16/1/2018 16:25

Topped up at 85 to justify my bolox

[tomboyb] 16/1/2018 16:23

Stakes being taken?

TomboyB -

[soulsauce] 16/1/2018 13:38

Well no one is asking you to invest Mr hangman but thanks for your advice :-/

[mr hangman] 16/1/2018 13:18

Talk about Lambs to the Slaughter...

[mr hangman] 16/1/2018 13:17

Glad i sold these for 7.10p old money

Zambia: blocks 40 & 41: Petroleum system ingredients determined from field samples
The truth is..TRP hope to drill early 2017, but still looking for a Farm in Partner

South Africa: Block is next super-major Total’s block. Total drilling massive prospect
The Truth, Total are not drilling anytime soon, & has probley not even got a permit
(take's years in S Africa)

Namibia (GLOWING IN THE DARK)
This is such a hot prospect, it's not even mentioned on TRP operations website page

Cameroon
Going forward is there even enough oil (in shallow oil)to pay the directors salaries

Best not go there, with the directors & all the fund issues (always at a lower
price,then the last)

[soulsauce] 16/1/2018 13:16

Understand that bayeta but if that Namibia well had come in the guys would be heroes.

The past is the past, they have saved the company and it is a different beast now.
The way to play these companies is to not be over extended when drill bit hits the pay dirt.

You only need to look at RBD mkt cap and the assets it has to see how undervalued this is.
When the 3d and cpr are complete this will be valued at many times today's value.

Yes they will need more funds but should not be a problem and not for some time.
One would hope it will be 3rd time lucky.

[maccamcd] 16/1/2018 13:10

I had some of those bayetya...
doesn't mean I don't want to own them if it ever looked like a good punt (oil price rally/licences/still alive/interest)

one must live in HOPE!

[bayetya] 16/1/2018 12:57

The reason this is cheap is due to them doing a 1000-1 consolidation in early 2016, thereby decimating any shareholder value.
I am sure I am not the only one who had their investment reduced to pennies.

[soulsauce] 16/1/2018 12:29

Excellent post macc

[maccamcd] 16/1/2018 12:25

reasons why this is cheap, and maybe the tiny tickup..
Market cap £2.87m. Approx £1m in cash so all assets in for £1.87m
Peel hunt (broker/market maker) seeing demand recently. See the latest RNS of them reducing exposure = somebody buying stock from them

Cameroon:
Discovered oil on shallow-water, cheap to drill block where 20mmbbl will easily be commercial at current oil price.

Vintage 3D seismic being re-processed to highlight where to drill – guess a CPR might follow after that
Targeting drilling Q3-Q4 2018

Zambia: blocks 40 & 41: Petroleum system ingredients determined from field samples

South Africa: Block is next super-major Total’s block. Total drilling massive prospect

Namibia: Applications into ministry. Namibia coming back to life after ONGC and other farm-ins with Tullow, ECO, etc. CPR published yesterday by Global Petroleum plc.

It's not a lifestyle company.. nobody rinsing the coffers.
More about ego/pride and not letting his mates/shareholders down I believe having met him and investing in the last round..

[maccamcd] 16/1/2018 09:49

no pump and dump as far as i know.. company has enough cash for immediate plans.

[mr hangman] 16/1/2018 09:14

i can see a pump n dump coming lol

[soulsauce] 16/1/2018 09:13

May be not but it will do at some stage. With such a small mkt cap, much of it in cash, the 3D reprocessing and following CPR will add quite a bit of value. And BoD taking wages in shares at 1p.

Yes it has a chequered past but they are not chasing wild cats now.

[maccamcd] 16/1/2018 09:09

Thee most left behind.. Tiny mkt cap stock on AIM!has it just woke up?

[encarter] 16/1/2018 09:01

Wap wap war!

[encarter] 16/1/2018 09:00

Here we go, here we go, here we go!

[chickthickie1] 31/12/2017 15:11

Stacey Kivel - she wasn't well thought of on the EEL threads by some investors lol.

Legal and Commercial Consultant
Company Name
Tower Resources plc
Dates Employed
Jul 2013 – Present
Employment Duration
4 yrs 5 mos
Location
Cameroon and London
Consultant Corporate Counsel for Tower Resources plc, an oil exploration company listed on AIM of the London Stock Exchange. Recently acquired the rights for Tower to become Operator of the Thali oil exploration block offshore Cameroon. In addition, advised on acquisitions and divestitures in Namibia, Zambia, Cameroon and Kenya and on consultancy and service agreements.

[nedhammers1] 19/12/2017 22:59

Lol I'm the one that shud from 4k to £7lol. A glow in the ground or something. Hey hoe onwards and hopefully upwards ....

[soulsauce] 19/12/2017 18:37

Not worth replying to him he has a grudge against the company.

[nedhammers1] 19/12/2017 18:11

Why would someone post on here just to try and wind shareholders up? Because my son you are a sad wimpy little poo head that's also word that rhymes with HUNT. But at least you've posted in here, more than I can say for existing shareholders xxxx

[mr hangman] 19/12/2017 17:06

You lot remind me of the grubby old men, who hang around my local bookies,
putting their last bit of money, on the 3 legged donkey in the last race of the day