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This will fly on Cameroon farmin completion, and anything offshore Namibia will be hot hot hot if the Namibian Government official announcement , expected by 4th Feb, confirm a commercial viable discovery by Shell, and Totalenergies Venus-1 results are imminent, another similar discovery will be Transformational for all concerned, and Tower's Namibian and SA assets will become very valuable and highly sort after. Gla holders;-)
14/1/22
Jeremy Asher, Chairman and Chief Executive Officer, commented:
"We are working to finalise the Cameroon farm-out, which both parties wish to see completed, and we are also encouraged by recent news reports of drilling operations underway at Graff-1 and Venus-1X, operated by Shell and TotalEnergies, respectively. However, while waiting for the farmout to complete we must continue to prepare for drilling operations and to maintain the current equipment inventory in a drill-ready state. We also want to keep moving forward in Namibia and South Africa, so that we can capitalise on both the improving economics of our acreage positions and also further positive news around us. This does require us to raise capital at this time, though we continue to seek to keep share issues to a minimum."
Lol PDR, would that be the same farmout that TRP themselves told us would take 60 days in their 21 Sept 2021 RNS? You know, the farmout, then the placing at 26 after their last placing before that at 425, its Feb next week, work the 60 days out from Sept 2021 yourselve
850m plus shares traded in the last 3 days!!! Gla holders;-)
Will not be a few weeks Ollie. We have had in excess of 1.1billion shares change hands. Few days max
Doubt it yet, theres 577m to get through, even at this rate, its still gunna take a few weeks to clear, no real rush to buy yet.
Last of the placing shares!!!???
Yep £490k in delayed trades including a £200 and £100k.
Oh boy.....
After hours trades - could be £500ks worth
After hours could be interesting
150M today
Tick tock
Brakes off soon after the placement volune was traded yesterday alone.
Can’t see that we will have cleared the overhang yet but who knows for sure … there has been a massive churn the last few days which has been extremely helpful
The only thing that seems certain is buys are now coming back in and she is rising as we speak
Have we cleared the overhang ??
Anyway
Order book looking like this is moving straight back up very shortly to .33 buys coming in now
Bargain imho
Lol...yeah right, back to reality with your 50m shares....ho ho ho....and you spend all your time undermining your investment....:-))))
$90 plus a barrel...the most perfect storm is brewing for little old Tower. ;-)))
http://www.m.livecharts.co.uk/MarketCharts/brent.php
This share at this price is massively undervalued
I do find it very reassuring that there is so much going on in the area in the same industry , and at the same time the top man in this company tops up his shares rather than takes a wage …. What does that tell you ?
Super stoked here and as soon as this overhang has gone and any slightest whiff of anything and this will fly …… truly undervalued and Very excited