Tower Resources Share Price (TRP)

Still interesting read. What about Wingat? Murombe and Moosehead are over 600 kilometers apart and are in separate sedimentary basins, so I believe these two prospects are independent of each other. Wingat and Murombe are close enough to each other that I do not believe that they are completely independent of each other (particularly, source risk and oil versus gas risk). However, if one were to assume that Wingat and Murombe are completely independent of each other then the point on the above graph representing 21% chance of oil success would be moved over to 33% chance of oil success. If HRT's P10 value of 10.7 billion barrels for Murombe were to be achieved, then the intrinsic value would be $100 per share before year end. Read more: http://www.nasdaq.com/article/hrt-participacoes-hrtpy-could-be-a-positive-black-swan-cm230075#ixzz2UKc8M8HK

I share your optimistic sentiments re our Namibian acreage and I am also intrigued by the comments made in respect of 'impending news' which, is to follow in respect of 'other TRP new ventures/new developments' to which Jeremy Asher alluded via his 'result of AGM' RNS (14th May 2013) ........ Jeremy Asher, Tower's Chairman, commented: "We are looking forward to having more news for shareholders in the near future on transactions in progress, and of course the Welwitschia-1 well offshore Namibia, to be operated by Repsol, where planning and preparations are now quite advanced for drilling within the first half of 2014. Our management team have been very busy on new ventures and we hope that shareholders will be pleased with the results and a step change in activity in due course." .............................................................................................................................................................................................................. Further to the above and In my opinion, TRP will remain a significant beacon of positivity throughout 2013 and whilst there will be the inevitable and occassional sp reversal, overall the Cos Market Cap will none-the-less continue its inexorable rise in both profile and value into 2014 as the Welwitschia-1 drill approaches. It is also my belief that this Cos will enjoy considerable 'organic growth' before arriving at the point that 'tipping-economics' will dictate that we are subject to a future T/O which, needles to say, should add considerable upward traction/acretive value for the benefit of all those holding TRP shares at that time. GL to all medium/long-term TRP Investors. Rgds, Arbitrage.

better hurry if you want to get in...GL

Great post nice 1, all bodes well for significant gains......as usual I was being optimistic about share value, although given the potential of Trp's 3 Prospects, maybe a pound£ a stike is fair value. GL Ps no idea why philski was removed, unless he,d already upset Lse in different guise?????

All posts are interesting and we all learn and its great to hear what is to be said. There is not a good post or a bad post, all to them selves. When Tower had a 15% stake it was said they could be worth up to 0.80p/share, When they increased there stake to 30% this would give more then 0.80p even with the dilution, otherwise it would not have been in Towers best interest to increase. The AIM market at present is being smashed and we have several months before it is our turn. But if there was a strike I think we will be near 1.00/p/share, and also Philski totally agree Tower will be bought out and I can see a bidding war which would help in our favour. Gulf Keystone I use to have shares in and still think they are so under valued have ranged up to 3.50p/share with todays price and 13 billion barrels I think it is a joke. Take Cove Energy 1.2 billion pounds for there prospects and 3 TCF of gas, even if you use a dilution of 2 billion shares this would give 0.60p/pshare. There will be a lot more hype with Namibia and this will help. Let see what happens to the second well with HRT, but at least we have some positive news that gives us all more confidences. It is only my opinion.

And I agree with you DJ8686, that Philski was bang on! However, Philski's post has been removed from the BB. As I recall it, he implied that MuneyMunch was somewhat delusional in suggesting that TRP shares could soon be worth pounds. As Philsky rightly pointed out. TRP is a minow and could not afford to get the oil out of the ground even if they found any, and they would be taken over, or have to do a farm in. The 50p max suggested by Philsky seems far more realistic. I guess that some people are over sensitive. Wonder how long this post will last?