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TRP Tower Resources Plc

0.0365
-0.0025 (-6.41%)
14 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tower Resources Plc LSE:TRP London Ordinary Share GB00BZ6D6J81 ORD GBP0.00001
  Price Change % Change Share Price Shares Traded Last Trade
  -0.0025 -6.41% 0.0365 422,391,604 15:48:16
Bid Price Offer Price High Price Low Price Open Price
0.036 0.037 0.039 0.0365 0.039
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD USD -455k USD 0.0000 - 6.95M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:22:55 O 3,000,013 0.03639 GBX

Tower Resources (TRP) Latest News

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Tower Resources Forums and Chat

Date Time Title Posts
14/10/202422:57TOWER RESOURCES36,345
06/10/202418:04Tower Resources, stratospheric RISER from 0.25p5,552
01/10/202407:24Tower Resources, stratospheric RISER from 0.05p3,196
07/8/202409:06Tower Resources at the UK Investor Show8
07/8/202409:00Jeremy Asher sueing Riskyinvestor for defamation25

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Tower Resources (TRP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-10-14 15:22:560.043,000,0131,091.70O
2024-10-14 15:13:400.0426,3249.74O
2024-10-14 15:13:260.0413,5135.00O
2024-10-14 15:12:300.041,575,819568.87O
2024-10-14 15:11:580.042,684,203977.05O

Tower Resources (TRP) Top Chat Posts

Top Posts
Posted at 14/10/2024 09:20 by Tower Resources Daily Update
Tower Resources Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker TRP. The last closing price for Tower Resources was 0.04p.
Tower Resources currently has 17,830,000,000 shares in issue. The market capitalisation of Tower Resources is £7,132,000.
This morning TRP shares opened at 0.04p
Posted at 12/10/2024 15:50 by davidsmithcheshire
Nutters are obsessed with placings.

TRP had $350,000 (£250,000) in cash at end of June after a VAT refund.

TRP have 7 employees. Admin expenses per year are roughly £450,000 or £225,000 per half year.

TRP have enough cash to get to the end of the year.

Given JA is sitting on price sensitive news (farm out proposal) then TRP simply can't do a placing according to AIM rules
Posted at 10/10/2024 10:52 by moneylender
I am looking through my old research on TRP here is a video by David Mirzai, head of research for share price Angel. its about 1 year old but it does give you potential value of just one licence.
Posted at 09/10/2024 22:30 by dicko80
Thanks China , the share price angel note had 23.63p target but there was no allowance for GBP deep asset that overlaps our licence, c200mmbbls to TRP in a success case, nothing in for the deeper plays offshore Cameroon but we now know some numbers based on TRP presentation 600mmboe+, Namibia is just getting bigger, the stratigraphic traps and large anticlines never been looked at and now we are being told further work is required due to the sheer size and scale , the licence area is huge ! Sp angel only give 800mmbbls towards their sum of parts price breakdown, we could have many many times this resource in Namibia

So 34p might look conservative
Posted at 08/10/2024 20:59 by dicko80
Cameroon info

Investment case part 1

With any stock timing is key...

TRP have suffered due to timings for all 3 assets..

but the following information outlines the investment case with all 3 projects now in play

Cameroon

Appraisal drill high COS, targeting 16,000 BOPD.

first production from Njonji estimated at just 6 months after drilling

phase 1 @ 8k bopd

8000bopd x 365 days x $90= $262.8million gross per annum

phase 2

production estimated to double to 16k bopd with the deeper sands

16000 x 365 days x $9 = $525.6 million gross per annum

TRP mkt cap just £7m

June 2022

"The Company has also updated its estimate of the NPV10 of the base volumes in the 24.9 million barrel pMean recoverable case, to $305 million, as set out in the linked presentation at page 11."

April 2023

"Updated resource estimates and risks for the reservoirs connected to the NJOM-1 and the NJOM-2 discovery wells, substantially lowering risk attributed to PS9 Sup and PS3 HW reservoirs, and increasing total risked pMean prospective resources to 35.4 million bbls."

$305/24.9*35.4 =

$433.61m NPV10 (On a pro rata basis)

technical overview





Njomi 3 - 90% COS according to OIL report as below



additional 111 million bbls of prospective resources identified in the OIL report may be found.

you'll note on the farm out flyer they have now included the Dissoni & Ideneao prospects with pmean recoverable of 111.3mmbbls

making pmean recoverable total of 149mmbbls

quick maths on the revised recoverable plus the increase in resources noted in the RNS link above

149 + 7 = 156mmbbls recoverable

quick maths for NPV10 on a pro rate basis

$305m/24.9mmbbls*156mmbbls =

$1911mNPV10



"equally large undrilled deep play upside identified on 3D on trend with proven reserves..."

Then there are much deeper prospects which currently have no numbers on potential in the public domain but are turbidite and sandstone exploration plays are analogous to giant fields such as Alba and Zafiro which are on trend within the same basin



which TRP are keeping this information to themselves for now ;)

So whilst we await farmout completion and drilling to commence early Jan, njomi is only a small percentage of what we have in the licence areas , proven oil , derisks close to 150mmbbls recoverable then we have the deeper exploration plays as free shots as we progress and ramp up
Posted at 08/10/2024 14:06 by chinahere
Thanks for the replies guys.

Nice to know our share of it would be honoured. Fantastic if it happens. If we are revenue producing by then we could take a chunk going into production and that would be enormous. And then there is all the rest.

Regular yearly dividends per share far in excess of the current share price is what I want!
Posted at 08/10/2024 07:27 by dicko80
23.36p

Such is the vast quantity of TRP portfolio share price angel has an unrisked value per share at 23.36p excluding the GBP bonus drill

Page 12



Today you can buy at 0.037p with news on farmout for all assets to narrow that gap
Posted at 02/10/2024 21:03 by charlieharper1
"Why would you put £12m for a drill when you could buy the licence for peanuts ie when it expires or buy this company for £7m"



A lot of your posts are nonsense but the above takes the biscuit.

TRP won't let the licence just expire. TRP have a 6 month contingency lined up with the governemnt and SNH post 4th FEb 2025 if needed.

Nobody could buy TRP as a company for the £7 million which is 0.045p per share.

When someone bids for a company they have to get over 50% acceptance for the offer to become conditional

Would JA (owns 10%) accept 0.045p ? NO

Would I accept 0.045p ? NO

Very few would accept 0.045p

So to get a bid to go through they would have to bid much higher

I might consider a takeover at 0.25p

Clearly you haven't got a clue.
Posted at 02/10/2024 18:27 by charlieharper1
NYBOY

Whatever the deal TRP annouce you will try and pick holes in it.

You hold no shares in TRP

Clearly you are bitter about your past losses in TRP

Move on with your life.
Posted at 30/9/2024 08:17 by neilyb675
Your order cannot be completed automatically at this time, but can still be submitted as a negotiated order. Reasons for this could include market volatility, the size of your order, or because there is not enough electronic stock available to match your order.

Because your order cannot be completed automatically we cannot guarantee the share price at the time of your trade.

Your order will be sent directly to our Dealers who will negotiate the best price available for your order in the market at that time. All orders will be completed in fair and due turn as soon as is practically possible.

Once you have placed a negotiated order you do not have the facility to cancel this instruction online.

BUY: 100000000 TRP - TOWER RESOURCES ORD GBP0.00001
Posted at 29/8/2024 13:58 by neilyb675
Your order can not be completed automatically

Your order cannot be completed automatically at this time, but can still be submitted as a negotiated order. Reasons for this could include market volatility, the size of your order, or because there is not enough electronic stock available to match your order.

Because your order cannot be completed automatically we cannot guarantee the share price at the time of your trade.

Your order will be sent directly to our Dealers who will negotiate the best price available for your order in the market at that time. All orders will be completed in fair and due turn as soon as is practically possible.

Once you have placed a negotiated order you do not have the facility to cancel this instruction online.

BUY: 100000000 TRP - TOWER RESOURCES ORD GBP0.00001
Tower Resources share price data is direct from the London Stock Exchange

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