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My head tells me to average down because maybe I will never see 0.35 againđ¤
đ§ââď¸ Keep going
So far strong buys no sell going through
Yep it's changed my life it's gone from 0.40 to 0.02!! My heart says don't plough any more money in this until I receive news of financing
Fill your boots gla
Moving time
Mr Wallis filling his boots again?
Perfect time for funding news JA!
GL.
GOING 2 POP
The investors are not waiting for the drill to start they are waiting for finance/farm out to happen
Well it didnât âeasy make 2.4 todayâ as was posted yesterday
And today clearly isnât âthe big oneâ (I presume being an RNS of something that wonât happen till July or August)
⌠but donât be put off just quietly accumulate as this in two three four months time should handsomely reward you.
Anticipation and FOMO on its own will be you ten years of what youâll earn in a bank or building society. Then on news it might just change your life !!
Once we drill NJOM-3 well and we find oil possibly there will be more drills around, the Norve jack-up rig with Borr Drilling. Borr Drilling's latest advice is that the Norve rig is expected to be able to mobilise to Cameroon between June and August 2024
We know Cameroon got oil and is the key to unlock the cash for future drills
Yesterdayâs TR1is hopefully now the start of positive news in the coming weeks.
Funding completing and Rig slot around July confirmed leading on to Oil in 2025 ,plus Namibia and SA details ,it lends itself to more positivity around TRP
Yesterday was a breath of fresh air compared to recent weeks on here
GLA and welcome new investors,great entry point imho
GLA
GLA
I said all the time i hope trp will lewve the camroon license that do for us too much cash cost and focus on
the namibian asset.
(South africa too).
Q2
They handed back the first licence areas in 2015 and took 3 years to get approval of the new blocks
The new blocks does contain some of the original licence areas, as you rightly say âcherrypickedâ these blocks for many reasons, weâll they were very well understood by the company but also due to the confirmation of a working oil-prone petroleum system (back then there was a theory that past the Walvis ridge it didnât contain the source rock for oil to be present) in good quality turbidite and carbonate reservoirs.
The new blocks cover a very large area and are highly prospective
the presence of Albian carbonate and Upper Cretaceous and Palaeocene turbidite reservoir intervals, which has been proven by Norsk Hydroâs 1911/15-1 well, encountered oil shows in the 1911 block in the 1990s. These intervals may be found in multiple structural traps across the new licence area. These include giant (1,000 km2+) 4-way dip closured structures in the west of the licence and 4-way and 3-way fault dependent structural closures within the Dolphin Graben, which well results such as Wingat-1 indicate is likely to contain mature source rocks. Potential stratigraphic traps (associated with Cretaceous and Palaeogene basin floor turbidite systems) have also been identified within the new licences.
The giant structures in the west of the licence include two (Alpha and Gamma) which were similar in size and potential to the Delta structure to the south of block 1911, where Repsol, Tower and Arcadia drilled the unsuccessful Welwitschia well in 2014.
Significant potential has also been identified within structural closures (50 km² to 125 km²) identified and mapped across the Dolphin Graben, all of which are located directly adjacent to source kitchens. More than eight 3-way fault dependent and 4-way dip closed structural traps have been identified so far, all of which compromise of multiple stacked targets which include Palaeogene and Cretaceous turbidites (being explored for in the southern part of the basin) as well as Albian carbonates and deeper syn-rift clastics.
In addition to the structural plays outlined above, Tower anticipates that stratigraphic plays exist within Cretaceous and Palaeogene intervals in the new licence, with potential for deep-water turbidite reservoir interbedded with mature source rocks (analogous to plays being explored for by Tullow and other in the southern part of the basin). These stratigraphic plays are currently being worked on and we await update volumetrics and lead priority
Once announced expect fireworks đĽ đĽđđđđ
Didnât J Asher have pick of licenses way back when Tower entered Namibia before any of the huge finds down south . Way back in 2010 or something . Went for the biggest leads along with GBP . Whatâs interesting is that Tower have unwaveringly held Namibia for 15 yrs. long game maybe
Kop, grow a pair ffs!
Nice to see a new investor take so much. Lends a lot of confidence. And y3st Galp suggesting up to 10 Billion barrels in place . Huge stuff. Looked at the map of the prospect 2 yrs ago and knew theyâd hit something big . It was a no brainer at 9 eu but I couldnât invest personally. Money tied up elsewhere
Wonder*
GALP think they could have hit 10bn bbls according to this article, apologies if someone already posted over the weekend, not caught up on those posts:
https://www.reuters.com/business/energy/portugals-galp-says-field-off-namibia-could-contain-10-bln-barrels-oil-2024-04-21/
Anyone else looking forward to the volumetrics of the stratigraphic targets in Namibia that TRP are currently firming up. I wounder how many bn bbls they'll add to the prospective resource targets. :)
Regards,
Ed
Dropping back again
Just out of curiosity, does anyone know anything about this new shareholder? This name is unfamiliar to me.
Noted pal. I do have a short fuse with investment trolls
Don't waste your time on CH. You have them on most boards! Just ignore him or filter him
Who is buying this