Member Info for asher7

Rabbithole we are in a fantastic position to take a market share of theses billions exciting times £££££

Kitty bs h I t This lemonade stand in the drive way is turning in to a shop,then a chain of shops followed by a global franchise, most here understand the acorn growing into a massive oak and we ain’t here for yours and the boyfriends penny trades .

Billions sounds a good strategy and patience will pay off here sooner than we think 🚀

Arthur 360 posts this month on this bb very strange for someone holding a small one 🤣

Arthur I hope they hide the knifes in your house or you are just a compulsive liar which,like kat apparently holding and want it to go down but guess what it’s going up you muppet.

By the way a very positive RNs could land and blow your short position.

A nice little top up this morning,anything below .03 was a bargain and the mm’s knew it gla

Bernie then it went straight to 3.5 😎

I want at least 10p it will come

How long before we hit it again

Get back to your massive dump ENET 😎

It’s hard to buy anything got a quote for £500 that’s all

Since a RNs I suspect the next one will blow the doors off gla

Now we have broke .4 hopefully small rises before some positive news gla

Pepsi cracking find,this will be trp’s year imo

Hopefully another good day news must be close and the bod normally keep to their time lines so expect a RNs before month end gla

Olly RNs lands and all bets are off gla

Those that sold are obviously after a lower entry to get back in gl with that one imho ,those that still hold want a RNs to land this week.

We are going to be in a news rich period so personally I’m not taking the chance,but if you took profit and are happy well done 👍

Dicko

Mkt cap £8.65m

Current valuation

Cameroon

$15m / 42.5 x 100 x 57.5 net x fx 0.8 =

£16.2m

Namibia

$2.5m / 25 x 100 x (60%net) x Fx 0.8 =

£4.8m

Total £21m

Cash from farm outs

$4,375,000 x fx 0.8

£3.5m

Cash from placing

£1.188m + £0.275m

£1.463m with warrants £0.073

£1.536m less 5% equity bought for Namibia - £0.3m

£1.236m

Total

£21 + 1.236

£22.236m

Just for deal values no value for any oil within our licences

SA we hope will also be farmed out but we don’t know details of potential numbers , I think $15 - 20m for 50%

$5-7m for 3D

$10-13m back costs

I will go with $20m (7 + 13m)but not add any value for a major and what that may add to the sp

$7 / 50 x 100 x 25%

$3.5 fox 0.8

£2.8m

Plus cash

$13m x 50% x fx 0.8

£5.2

Total £8m

That would take us to

£22.2 + £8

£30.2m

Deal values

Then focus shifts to the drilling

35mmbbls x 57.5% x $3per bbl in the ground

$60.37m x Fx 0.8

£48m

Running total

£30.2 + £48

£78.2m

This based on just $3 per bbl , on a success case and once flowed , you could argue $6 per bbl is fair

We know discussions are ongoing with the banks to get into production and the company have or are taking on additional resource to deal with that so on bank financing $6per bbl into play

£116m

So around 12 bags from current levels in 6-12 months

Company believes thali is over $10 per bbl so we are applying at least a 40% discount if not more

And also nothing in for any oil which we know there is 111mmbbls low risk follow on in Cameroon, 600mmboe + in the deeper targets

Multi billion bbls in Namibia and SA

So we then hopefully get bank financing and drill 3 further wells

Plan is to have 4 wells into production

looking at 8,000bopd gross ph1

16,000 bopd gross ph2 when we can utilise the cost recovery pool to drill the deeper potential reservoirs

Further beyond that drilling in SA - basin fan play and deep water slope , very large structures could be over 1 billion bbls recoverable and Namibia we could have that 5 - 10 times

Longer term view to see Namibia and SA could really pay dividends with spangle broker note had a target of c22p overall from memory, so worth holding on to a few to see it play out

Have to remember the journey hasn’t started yet

Pp thanks Gary 👍

Olly the news is definitely imminent and I will definitely be sitting on my hands this time and add anything below .03.

Imo we should see a few bags this year gla

Back to Trp I’m hoping for a RNs back end of next week,like last time the market knew and now it’

is adjusting accordingly again.

Rig hopefully around June/july exciting times gla

Tower Resources Cameroon SA ("TRCSA") has already submitted the TRCSA-Prime farm-out agreement documentation and the request for a year's further extension of the First Exploration Period of the Thali license to the Cameroon Minister of Mines, Industry and Technological Development ("MINMIDT") for approval in January, and has discussed both matters with MINMIDT, the Societe Nationale des Hydrocarbures ("SNH") and the Cameroon Prime Minister. The Company's understanding is that the matter is now with the Office of the Presidency and awaiting formal Presidential approval. As with the Namibia farm-out, the Company remains confident that the approvals will be provided, and still hopes this may be around the end of March.

The Company has been offered a number of rigs which could be available at different times between June and December 2025, and on different, but reasonable, terms. The Company hopes to make a rig selection decision, albeit subject to the requisite approvals being granted, at the end of March or during April. For commercial reasons, the Company will not be commenting further on these discussions until they are finalised.

Another 3,294,617 for me come on Bernie blow the bloody doors off gla

Kat just sell up.

Oh I forgot you don’t hold any shares just bore the fckin pants off everyone 😴