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The news of funding will get this moving. JA needs to deliver ASAP. Its as simple as that.
Finally if all goes to plan now after all these years it will be fantastic return for shareholders
Huge upside β¦the Rig is expected to be available in Cameroon between April and August 2024. Subject to the Rig being available during this time period, the Company therefore anticipates that the NJOM-3 well will be spudded in Q2 or possibly Q3 of 2024, then next year can be put in the production , We know that is oil there the structure has been drilled by total
Morning
Steady rise again this week unless we get an RNS
An oil price of $90+ is better than an oil price of say $60 when it comes to TRP negotiating a deal. So it does have some bearing on TRP
Price of oil never has any bearing on Juniors, until they move towards production, if JA can get it over the line this time after 4 years of drilling soon, it will be just about perfect timing.
Two guys in the states back about 15 years ago , got shot down by all , when they claimed Oil heading for a Super Cycle, targeting $150-$200 a barrel, a couple of years later , the rest all eating crow, still rising with Brent at $166 when World events cut it off and Oil nose dived to a low of $17, settling for some time in the 20's.
In 2022 those same guys , at it again saying another $150-$200 Super Cycle on its way, the poo was rangebound at the time $40-$45 they had end of year target of $80-$100 , Goldman Sachs lead the charge of they are talking β½βΎβ½πππππ's and said their forecast for year end $55, by the end of the year , Goldman had issued 3 updates to it year end and $85.
Based on their previous prediction and the new, they have that oil peak Super Cycle prices 2025-27 Tower and other's nearing drill/production, could be in for a bonus windfall, with sustained high poo period just around the corner, poo already pretty dam good for profits, super cycle for 2-3 years could more than double potential profits.
If they are indeed ahead of Goldman etc , once more. π²π€π€π€π€π€π€π€π€π€π€π€
We need $$$$ PDQ . Come on JA , pull it all together NOW as timing is good.
Oil futures indicate a huge price spike of the $91 close on Friday
Could rise on Monday if we get an RNS too...
ATB & GLA
Could rise on Monday considering war is spreading in the Middle East
Could be sat on a multibag as early as next week.....who knows....
+13% on the week. I will take that
Not fomo but a good finish to the week, at least we held onto all of todays rise, been a while since that happeneπd.
Gary25 - I agree with every word. Same for me.
Get it done JA, confirm the finance and secure the rig..........
https://y.yarn.co/669f0992-f668-4d67-b3ea-f1d790829b7f_text.gif
The theme for next week , Tower and JA's reputation rising on news..........
https://media1.tenor.com/m/G1GMKFxBwfEAAAAd/phoenix-gifanimation.gif
Will we see Attenborough's lesser spotted FOMOF, a rare bird often seen in the last 20-30 minutes of the week, had one once that flew , with more volume in the last 20 minutes , that the rest of the entire week . π²
And yes, leaky as hell, with an RNA Message sitting Monday morning at rns o'clock 7am ππ€
If it doesnt get done this year,then that is the end of the road(for me anyway),there can be no more excuses know matter how plausible.You can only carrot dangle for so long,and this carrot has been dangling for so long it is starting to go rotten.So news please Mr Asher,before the end of April would be a bonus.
As elvis plays in the background, the justifiable question would be, if you csnt get it done this year with all the ducks lined up. When the hell can you?
Soz my error , getting carried away , took the .10 and multiplied the current MC 3.49m , point remains the same Β£50m+ should be the ground floor leading into A CONFIRMED DRILL
0.02 3.5M , 0.20 Β£35M so baseline should be probably 0.35-0.45 range , many bags for not a lot in comparison , to others in the same position, NOT PRICED to FAIL. π²π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€
Hope so splatted , would only leave MAY , before that wide rig slot window, they will not hold if forever, if others have money to secure its services, every day a rig idle , is a large loss to the owners. Has to happen very soon or its another year of it almost happened π²π
According to JA , Cameroon to fast track the license extension, they took their sweet time doing so for a short extension, will they give another ???????????? if it fails to materialise this time. Elvis is singing , ITS NOW OR NEVER !!!!ππ
"that is still only 0.1p and a MC of Β£35m"
Incorrect
0.1p = Β£16 million market cap
For a rare as rocking horse π©occasion you could be right, BUT if positive news lands you will be way off the mark, that 50% could easily turn into 500% and more, that is still only 0.1p and a MC of Β£35m and its always about MC never sp, unless a trader skimmer or scalper in for an ickle spike, not the real journey like INVESTORS....... GLALTH. ππ°π₯
Upland pending drill later this year MC $51m, Boil fallen back but recently hit an MC of Β£49.85m , also drilling Q4
Tower drilling an appraisal to go to production ASAP on an already drilled , triple discovery asset with more upside.
Very high % chance Tower will surpass that Β£50m barrier on an appraisal/production well (not a wildcat)
Take 88e, on many occasions over 10 years has hit MC Β£250m-Β£485m, just on the prospect, this could be the one that gives them flowing oil.
Current MC for Tower , breathing with a snorkel down in the flooded market basement, remains gutted & priced to FAIL.
JA can change that perception in an instant, with just a few positive words in an RNA update over the rns news wire.
Finance secured, drill confirmed - TRANSFORMATION in play....... π€
Deal coming this month imho....
Next week good 50% up