Member Info for blissful

Same here and I will filter those who talk to him - it appears they talk to themselves!

I encourage debate but not with those who just wish the sp would crash such as shorters, those filled with envy and lunatics.

And the mkt cap is still only £10.5m.

Now that we have the farm out and drilling near term it is worth remembering this summary from the 2020 presentation.

Appraisal and development in Cameroon

18 million bbls of Pmean recoverable contingent

resources in Njonji structure on Thali block

18 million bbls+ of additional Pmean prospective

resources in Njonji alone, much more on block

Planning for production of 8,000 b/d in 2021,

estimated chance of success 80%

Current well AFE of around $15 million, already part

funded, farm-out discussions in process

Potential gross annual cash flow of over $100 million

(pre farm-out)

Excellent post Mark, thanks for sharing the email.

I have been in since Uganda and remember the deeper prospects as well.

There is more here than meets the eye and it's interesting to note that Jeremy has always been positive about production at Njonji and at last we are closing in on that milestone. But this first well is the launch pad!

JA sticks to his goals like a limpet to a rock, has a huge amount of shares and always finds a way of solving problems as they arise and I have no doubt in my mind we will be successful here.

Can we please filter certain people, or at least ignore them, as the retaliatory slagging is not only boring, but it detracts from meaningful posts.

Unless there is a global catastrophe such a meteor strike, drilling is going ahead. And we have the money to do this. It may or may not be in October but after years of waiting it is all coming together nicely. Let's not forget this is not a wild cat drill, oil has already been discovered. However, Cameroon is just the first step which will hopefully be followed by a full farm out in Namibia. Cameroon should see the sp many multiples of what it is today .15 - .25 seems about average but Namibia will see it rise substantially higher and many on here who stuck with their shares are likely to become millionaires or, depending on how many shares they own, a lot richer than they are today.

So please filter the derampers and let them talk to themselves as the opinion of some is based on envy and not facts or fundamentals.

Good luck to all holders, what a great ride!

Great start to what is going to be Super September, lots more to come.

Well done all those who kept faith and did not sell up last week.

I could be wrong but let's see what Thursday brings.

Moving back up.

Here's Jeremy said to me, ' there are processes being followed and in Cameroon the documentation usually takes a while'.

He also reiterated that he is confident in the government's support, something we already knew.

To complete the farm out the formal agreement of the government is required. Then they need to sign off the drill. These formalities take a while in Cameroon.

It may have been agreed but that does not mean it has been completed. The last RNS says the farm out will be completed shortly. If it had been completed Tower would have received the cash and we would have been told. That's my take on it anyway.

Tower need to complete the farm out, then the government will sign it off, then rig, then drill. They have funds to enable them to prepare for drilling via the bridging loan. No need to panic as there are hundreds of small details in a farm out contract and Prime also want the other farm out deal finalised, so two birds with one stone.

Tower Resources Chairman & CEO, Jeremy Asher, commented:

"The purpose of the Bridge Loan remains to provide the Company with working capital flexibility in preparation for the drilling of the NJOM-3 well on the Thali license in Cameroon. We are now expecting completion of the Cameroon farm-out shortly, however, with the Admarine 510 rig scheduled to be in Cameroon in October, we need to proceed with the contracting of other services. We are also making progress towards completion of the Namibia farm-out, and will update investors with concrete news on both projects when appropriate."

The rig is not booked, only selected, read the RNS, they have issued a Letter of Award.

'The Letter of Award is subject to contract and usual conditions precedent, including receipt of Government approvals in Cameroon and completion of TRCSA's farm-out to Prime Global Energies Limited as announced on 10 January 2025'.

Has anyone seen this post on the other board. If true, we are off to the races. If not, the poster could be in trouble.

I'm so glad I didn't want to be out over the weekend.

davidsmithcheshire125 Aug '25 - 10:49 - 42096 of 42099

JA expects Cameroon President sign off this coming week.

Confirmed by email

I take it that target is just for Cameroon. However, Cameroon is likely to go higher once drilling starts and higher still if results are as expected. A farm in for Namibia or S Africa will eclipse all that though.

Wat did JA say?

Can I just say, I WOULDN'T WANT TO BE OUT OVER THE WEEKEND!

Only 413 views so many have not seen this.

https://www.youtube.com/watch?v=WlEUwyZeCDQ&t=35s

Target of .16 (Broker) rising to .2+ once drilling is under way. This is for Cameroon only.

Any other sensible estimates?

This is the share of 2025.

Falklands Basin!