Member Info for Bishop190

Some interesting forecasts there Brig. Mind you I also have oil central heating.....!

“ TRP are going nowhere quickly. ” That is true for the time being, however TRP has three possibles compared to one here, which needs to be sold ASAP if the board are to make any money out of it. It does look as though Jim made the right decision, luckily I do not have much tied up in this one.

You must be looking at a different broker to me!

Certainly will on Cameroon Reggie, I seem to recall the P90 NPV calculated by Oil International last March was based on $40. The paper is on the Tower website, I must go back and have another look at it to check my memory!

No prob BM, I guess we are all feeling a bit frustrated. Hopefully news will come soon.

@BritishMike it is a little annoying when people make assertions of this nature without apparently being aware of the facts. It is indeed true that JA lent the company £750k some time ago and continues to provide that loan. It is untrue that “ he makes continued money the longer TRP sits idle.” because the interest due is paid in warrants. He can therefore only collect it in cash if he brings one or more of the three ongoing projects to a successful conclusion. In other words he, and indeed all the directors, is paid on results.

Lol, well I have had them for some time Dobbers, I hope it will be with the wait, but I don’t count until it’s in the bank!

Good job I am sat on loads then :-)

Or with AJ Bell

That is all tied into the placing, Monecor was the broker. One hopes things may be on the move but as ever DYOR!

OilR were confirmed as in for half the amount needed, another partner or a loan is required to make up the cost of the drill. Patience is the name of the game I think with hardly anyone being able to travel anywhere at the moment.

Lol, nobody obtains probate within a few days of death!

It is hard to see that it would be other than more of the same. I look to sell when and if I am at or close to break even. I posted many months ago that it is a one horse show and was shouted down by somebody who no longer posts here. I guess he made up his mind before me!

Fully diluted it is roughly 2.4bn shares, at 1.5p that is market cap c.£30m. Not unthinkable bearing in mind the three different opportunities but we shall see. DYOR!

It is just Pel94 now, the licence on 29 expired a couple of months or so ago.

My definition of lifestyle company would be one where the directors are taking cash in return for not a lot. In this case the directors are taking warrants not cash so are basically working on remuneration by results.

As AussieB says, only you can decide Sparecash, but you might want to take a look at the analysis done by Oilfield International last March on the Cameroon prospects. You can find it here: 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
It is of course up to everyone to do their own research and I do not offer any opinion or recommendation.

You might as well troll elsewhere @trpbpc, I doubt anyone here listens :-)

If I recall correctly the bigger part of GBP’s field is actually in TRP. Happy to be corrected if wrong!

Nobody really listens to you Geo, either here or in GBP. The fact is that they are paid in warrants to conserve cash. A man holding 30% of the fully diluted shares is likely to do his best to avoid diluting his holding.
Maybe there are some other boards you could post on.