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I personally think that is not gonna be a farm in, JA he’s a big liar all this year‘s lie lies and lies and lies again
If he delays again this share will go down to 0.0001
Gla
Its ok my friend i replay becouse i think its importent to me to say that i see here here opprtonity (namibia, S.a lisences) but we must to do de risk of the
main risk (Cameroon/deluations)
Crazych - I suggest you stop responding to 7veronics posts .he is a sad individual who gets off from arguing and fighting people on a number of boards. He is not an investor but an attention seeker who enjoys insulting people which appears to make him happy.
We hear about it several years and it didnt happend so sorry i said the truth... we dont care from talks and dreams ... and we cant enjoy from the potantial of our namibian assets if we always fear from placings for something that years not happend....
This is the truth and not something else.
.
No im just realistic...
If camroon is so good asset where are this parties?
Sorry that im sceptic for cameroon story...
And its not me that make the fear... its the shere action and the bad placings that make the fear in the last several years...
I see opprtonity in our exploration licencese ...
I see too much risk right now in the cameroon asset...
You think we will get farm in with carry during the next 3 weeks? lets see ....
Crazy ,you know damn well we are advanced discussions with multiple parties about a farm out of Cameroon as your very well researched. You are deflecting away from Cameroon potential and causing fear for people.
Namibia will be there and utilised to our best advantage but immediately Cameroon will,lead to the company generating revenues which is well overdue for LTH
I personally am in profit here and expect drilling in Cameroon late August as we are subject to Norve rig completion of previous project before arriving to TRP.
Finance will hopefully be announced next 3 weeks and that is the start of a transformational year in the company
your funny...
im sorry but if cameroon is so good so why we are up to 90% down?
what you understend that the market not?
you can give me another example in the indestury that company like us go to drill without the money we need for the drill?
where is the farmin?
why you dont ask yourself hard question?
and im just realistic as investor i know that trp have very good assets...
in the current stage we cant afford to go to this journy without partner that carry us...
in namibia and south africa its more easy to try to find a partner that can carry us...
in cameroon not... if yes so where this partner???
i have a lot expirance in this indestury as investor and the only reason that im not going to buy trp more than i have is just becouse cameroon... its too riski for me...
why?
1. without carry we are too tiny to go for it.
2. if we get a loan for the drill = for me its a gamble...
the cos are good? nice but in exploration **** happens and we dont have money if the rig will get technical problem during the drill...
3. for me cameroon = diluation and risk... if we get carry? so it will be good but its too much time that we didnt found a partner to fund us...
Crazy, why don’t you raise this with JA.
You seem ultra negative on Cameroon when it is the pathway to revenues according to JA, surely if your invested you want your ultra negative Cameroon queries answered.
There seems to be a vendetta against this company successfully completing its financial funding, are they all the same person i ask.
And i can give more than 1 example in this indestury of good cos$ and in the actual drilling = bad results.
Again we should not operte nothing... we too tiny for that and we dont have enough money
Sorry but you just say the best case scenario....
1. The actual results for cameroon = 0 farmin deals , And a lot of deluation for the shereholders.
2. What if we get finance/loan and go to drill in this condition... 90% cos??? ok but what with technical failures????
If its diffecult to raise money until now... what will happend if this case will happend during the drill?
We will be doomed... its not a easy task... if it was so good belive me we get farm in... there are a lot of companise that want tk earn money... but you see that its not happend... why you dont ask questions??.
And for the namibian asset... we dont need money from cameroon for that we need to sell % for good oporetor that take the manegment of the license from us and do it right.
We need to behave like finance company that have good assetes that we can sell for carry of 3d+drill we dont need to be opertors at any license..
You both make good points.
If JA can get Cameroon going, then the ongoing revenue would mean that we end up with a much bigger share of Namibia. That would be great.
The main thing though is that JA mustn't dilute us shareholders to zero anymore - from here there is no need to dilute much if he makes the right deals!!
Sorry to tell you that but the situation of the company is that project like cameroon ia too big for us...
We cant do it alone
……….
We ain’t trying to do it alone
Cameroon getting into production stops dilution, but will also pay for our share for future Namibia wells
I fully expect Thali to be farmed out to cover the costs of the drill , I have complete faith in JA to get the best deal , no doubt playing parties off with competitive tension , let’s not forget it’s a sellers market for appraisal and development
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
Njomi 3 - 90% COS according to OIL report as below
https://www.towerresources.co.uk/wp-content/uploads/2020/03/Summary-Reserves-Resources-Valuation-Report-Tower-Resources-Cameroon-Assets-Effective-Date-10th-March-2020-Publication-date-12th-March-2020-Final.pdf
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
this hasn't been released to the market ..
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
you were also not there is further upside for the deep plays...
"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
So for $10m a farmee would get around 32% equity in a proven basin with massive upside potential with future prospect and leads additional to Njoni
Sounds good to me 👍
Sorry to tell you that but the situation of the company is that project like cameroon ia too big for us...
We cant do it alone...
If we get finanace and we fail in the drilling what will happend???
This project is too tiny for big companies and too big and risky for us...
Until now most of the bad placing was for cameroon.
Our assets in nambia and south africa are much better oppertonity.
Its low cost... we dont need to do 3d .. we can sell rights for that...
This is what small companis do...
You can check the Pcl.asx story... on the begining of 2022 they had mc of Less then 10M$.
Now they have mc of 200M$ (ustralian) ...
Woodside paid for them the 3d.
Challenger is good exmple too with the farm in with cheveron they will get 12.5m usd + carry for 3d + 50% from the drilling cost and they remain with 40%!!!
its amazing deal!
For us? we dont need to stay with more than 10% from big block in namibia.... we have very low mc.
So any news from this situation cam be dramtic but we have to stop the diluation!!!
and its happend becouse cameroon - we too small for that to do it alone!!!
James 2nd posted :
Majors require hard data before committing to a JV. That's the commercial reality and assuming TRP is doing the necessary work, which can convince the MAJOR, there will be interest.
NOT TRUE ! LOOK AT CHALLENGERS BRILLIANT DEAL WITH CHEVRON.
ATB GLA DYOR
15.15 sold 10 million,Tuesday afternoon
Not true, Chevron have signed a hell of a deal with Challenger off Uruguay and they ( Chevron ) are picking up the tab for the 3D .
GLA ATB DYOR
Wow where / when did you get .0024 to sell ? Missed that. Damnit !
ATB GLA DYOR
Funders
I ask him questions that’s all. He answered and I make my decisions.
I sold on the rise this week at .0024 and averaged down.
The finders are the ones holding this back and as they have the cash we have to tread very carefully
You don’t hold a single share and I stick to that , why stick around when you don’t like the CEO
JA is the one continuing to **** the company up. Keep up your day job with him. Lets hear train leaving the station. Grab your golden tickets .
fool i maybe, but your posting history suggests you’re against the company . why **** the company off and hang around
end of
Only a fool like you will consider shorting a decimal share . Keep up your job . Tell JA to produce another Ytube.
Double up on news ,rubbish.
You spend all your time bashing, accusing JA of mugging you in your latest post, moaning about finance news , then doubling your holding on SUCCESFUL financial news,utter rubbish .
You and Pauly are constantly negative all the time for a reason.
I suspect your shorting this
I am not being Negative but realistic. Just FYI, our block in Namibia requires 3D to show the majors where to drill. Majors require hard data before committing to a JV. That's the commercial reality and assuming TRP is doing the necessary work, which can convince the MAJOR, there will be interest.
Cameroon is imperative for TRP . The company has sunk plenty of time and money on the project and 2 out of 3 boxes are ticked. We need the $$$ JV to tick the final box and get drilling. The window for that is now very tight. Again that is the commercial reality. Not calling JA privately is not cowardly to seek assurances. Its the official RNS which matters and its up to JA to inform us all. Your comments about my shares holdings is childish. FYI, I will be doubling up when an official confirmation lands. I am in the game waiting patiently when I can see something tangible and verified. That's when the 3rd box is ticked.
James, your negativity is suspicious for someone with 200 million shares at 400% loss, very similar to Pauly 80 mega losses on every share he invested in.
Namibia, TRP will receive millions from the likes of Chevron, that is the purpose of the article if Walvis is the next big thing.
On Cameroon grow a pair and contact JA and ask all your allegedly negative fears to him personally instead of bleating on here.
You don’t own a single share you or Pauly 80
Suspicious