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Q1/2 news flow:
Licence extension✅✅✅
EECP placement closure / repaid ✅✅✅
Options sorted iaw Incentive Plan ✅✅✅
✅ Asset level Well financing
✅ Service contracts
✅ Spud date
✅ Rig Mobilisation
✅ Drill Q2/3
✅ South Africa / Namibia news ??
Will be 24 billion on the next placing
Current market cap is not £2.65 million
There are 16 billion shares in issue x 0.02p = £3.2 million
"We remain confident in finalising asset-level financing for the well, for which this extension was a critical condition precedent. However, we cannot comment further on the commercial discussions in progress until firm agreements are reached.
"In the meantime, we are also continuing our work on the evaluation and prioritisation of leads and prospects on our Namibian licence in light of the basin modelling work we recently completed, and we have been discussing the next steps on our South African Algoa-Gamtoos license with our joint venture partner and operator, NewAge. We hope that this will be the first of many positive announcements in 2024.
Current market cap = £2.65 million (with share price at 2/100th of a penny)
5/100th of a penny = £6.6 million
10/100th of a penny = £13.3 million
15/100th of a penny = £19.9 million
20/100th of a penny = £26.6 million
Q1/2 news flow:
Licence extension✅✅✅
EECP placement closure / repaid ✅✅✅
Options sorted iaw Incentive Plan ✅✅✅
✅ Asset level Well financing
✅ Service contracts
✅ Spud date
✅ Rig Mobilisation
✅ Drill Q2/3
✅ South Africa / Namibia news ??
Looks like Pomagne Charlie called it right!
Oh hang on a minute.....
GL.
I'm in total agreement.
ATB GLA DYOR
Well said Pauly80.
I cant help feel that some people here think is a school yard where primary school children enjoy picking fights.
Please do this somewhere else. We have an interesting 2 months here.
don't play dumb 666, i've seen you in 88e you know how certain identities from panr spend more time on that board than their own just to talk ****. we don't need that with tower and boil.
gla atb dyor
Is this going to turn into another 88E vs PANR What do you mean with This
Again you continue to spam the boil bb, for the 5th time you've copied and pasted the same libellous message. Again asking politely that trp folk stop spamming boil. It's disruptive and won't do anything positive for trp.
Edgein - I know it well, I was referring to Thali only which even if you combine the additional targets it is significantly smaller than a single Chuditch target never mind the licence - As for South Africa that dataroom has been open for years and has produced nothing. Namibia also early days unless a partner comes in.
Cliveas - I have no desire to post here unless i'm invested. My posts were in response to Kever who thinks it's a good idea to disrupt a bb for others. I wasn't attempting to knock TRP in any way it's exactly what I didn't want to get into.
I'll leave you guys to it.
Bullying anyone with a different opinion to being greedy? Greedy posters never get rich did you all sell into the last 25% spike?
The Retrace was predictable Engineered and Manipulated possibly lol? Answers on the head of a pin Pinheads!
Cheerleaders won't enter into open debate on TRP shocker, because they know nothing! Reading from the TRP Bible will only make you, well, lot's of things none of them good.
Of all the people i've spoken to the day after a SP Crash the loudest are never heard from again on the TRP boards...
Remember TRP Bible Manipulation Engineering...
Best of why bother
Is this going to turn into another 88E vs PANR ? I certainly hope not. Let's just stay on the boards we're invested in and Green Bin the trolls.
GLA ATB DYOR
So posting here because he posts there!!!
Give me a break.
How old are you?
How insecure are you?
Jesus what is the world coming to?
Sad and pathetic.
GL.
Hee hee..cracking post edgein
TD,
If you insist on coming onto the TRP thread perhaps you should at least look at TRP as a starting point. You will find there are multiple structures on the Cameroon licence at multiple horizons. Njonji would be a multiple well development if successful so what you mean by a 35m barrel well I'm not quite sure. There are multiple targets on the Thali block which adds around 100mmbbls of prospective to the 35mmbbls of contingent (100% TRP). Then there is the small point of around 2bn bbls of prospective recoverable (around 5bn bbls prospective STOOIP) in South Africa currently with a data room open (50% TRP). Then last but not least the 80% interest in Namibia, multiple blocks with multiple bn bbl targets (structural closures) already identified and they're still to report on the volumetrics of the stratigraphic traps that they're working on at present. Thanks for asking, small fry my ***.
Regards,
Ed.
Dicky - Pmean contingent 3tcf/+5tcf in the p10 in just the known structures, independently verified CPR and 3D. C-2 well which is the upcoming flow test is about 1.3tcf, that alone is worth about 230m barrels equivalent vs trp 35m barrel well. BOIL have about £7m in cash right now. Sorry but it dwarfs TRP. Theres no comparison.
Atb to TRP shareholders tho
Honestly have no beef with TRP but it is small fry in comparison to BOIL, £7m in cash, +5 TCF field (billion barrel equivalent)
……
TRP have potentially several billions of bbls of oil across their licences
So yes in comparison BOIL is small fry and maybe overvalued, esp when their market cap is x5 more than TRP or is TRP just way way undervalued 🧐🤔🤨
Treaded - no comment from me on boil. But I hear your points on JA. He hasn’t appeared to have achieved up I agree and the moment of truth is this summer. If he pulls it out the bag and we drill as planned I will take my hat off to him.
If he follows his mode of operation and once again delays or make excuses then he is clearly a joke, albeit probably a wealthy one
Cliveas - it's your friend Kever. Tell him to stop spamming the BOIL bb with the trolling. We got no interest in posting here and will cease when he does. I've been quite civil about it, we told him to refrain otherwise he'll be responded to in kind here. Put a leash on him. It's disruptive to both boards.
And so should you! or are you exempt!?
GL.
It's only taken Asher 6 years to fund a tiny 35m barrel well lol and still hasn't managed it, i wonder what death spiral funding he'll introduce next. Good luck with that. Honestly have no beef with TRP but it is small fry in comparison to BOIL, £7m in cash, +5 TCF field (billion barrel equivalent) and thats just the known targets, about to JV to flow test.
Glass houses and all that, best you guys stick to TRP and leave other O&G plays to it.