Member Info for BlackBat17

Phil,

Did you manage to ask JA any questions?

Thanks,

BB

What is the significance of this:

"The company has made considerable progress in farm-out discussions with a number of parties regarding some or all of the well funding, including exchanging draft term sheets"

Presumably a draft term sheet is a draft farm in contract?

If not, what is it and when would such an exchange happen - at the start, midway through, or towards the end of a farm in negotiation?

Cheers,
BB

+25 %??? I can only see +12%.

Are you looking at L2 or something else?

RNS reads:
"Tower Resources plc (AIM: TRP.L), the AIM listed oil and gas company with its focus on Africa, is pleased to announce that it will be providing an Investor Update at the London South East Oil & Gas Investor Evening which takes place from 5:30 p.m. on Tuesday 18 February 2020 at the Brewers Hall, Aldermanbury Square, London Wall, EC2V 7HR."

Interesting it is happening after trading hours

So it's Investor Update not just a presentation...

Will be an interesting few days .

BB

Redboy33
As a matter of interest, did you manage to buy below the mid-price at that time, thereby showing it as a sell?
BB

OMM - The cost of the trade (£9 on ii for me) would be almost 10 times the proceeds/cost from the transaction.

Surely no-one desparate to sell their shares now when things appear to be looking up?

And why you would buy just 123 does not make sense either.

MMs up to their dastardly tricks again?

Hi Brig0d00n,

For the benefit of us who have not worked in the oil industry, what makes you think this:

"OMM, my thinking is is the wellbore formation may have been getting too hot"

and how does it relate to the recent survey?

TIA

Buys outnumber sells about 4 to 1 - and the SP goes down...

Beginning to think this is a pump and dump...

Amazing - going vertical at the moment!

What's the RNS going to be?

Cameroon?
South Africa?
Namibia?

Holding on to see!

.. to where we started from this morning!

MMs dicking around

"PAYDAY soon hence small placing to let Asher in."

OK - realise you are referring to the placing that occured before Xmas.

Was worried another was incoming!

Sorry, must have missed something -what's this about a placing?

...to .575p

Incredible - someone thinks our blocks (and GBPs) are attactive enough to pay millions for a seismic survey!

I guess they want to get this work done and dusted before Venus-1 drills in April. If that is a success, then the costs of a farm in with either TRP or GBP will go through the roof.

People now either in or out, and those in waiting for a possible 2pm RNS?

Three possible options.

I think Cameroon news would be too small to justify the huge ammount of interest today - and a farm in there would only happen after the site survey complete - and survey ship has not even left port yet!

It could be the South African news, but TRP is in there 50/50 with NewAge, so any farm-in payment would be diluted.

I think the ammount of interest is so great that the announcement is going to relate to the 100% TRP owned blocks in Namibia, with a whooping ammount of cash (10s of mllision) due to be paid by a major for farm-in rights.

Fingers crossed!

It has appeared again, as a trade today!

Can anyone explain what's going on?

Happened at 16:07 - marked as a sell, but if it was surely we would have finished the day with no change to the SP.

Could it have been a buy?

Just copied and pasted from ADVFN site - no minus sign that I recall