Member Info for blissful

CoS for Heron is over 75% but MB reckons it is higher than that and is expecting first oil. So am I which is why I keep adding as and when I have spare cash.

Yes, top up time before the fun begins.

I think there is a problem being made out of nothing. Manro, yes, technically we own the company but as individuals our portion is minuscule and as private investors we can jump in and out at random to try and make a buck or two. The word gamblers might more apt than owners! What is it you need MB to tell you, your stake is still secure?

I can't see what the problem is, less than a month ago we had an RNS detailing the current schedule which may or may not change depending on whether they find oil at Heron. He has kept us informed, what else is he supposed to say? It would appear the delay was out of his hands, these things are commonplace with o&g. If people want to dribble away a few shares in expectancy of buying back at a lower price in a couple of weeks, good luck but at same time this could triple in blink of an eye. There is not much point in MB saying anything until he has something to report. Good to see the infrastructure for the refinery is coming along - at least the Mongolian government are preparing for the oil. I hope everyone is enjoying the good weather and the waxing Moon.

https://www.youtube.com/watch?v=BQ9v34UqI6Y

He sounds confident and seems to know where the money is coming from!

Oops! Wrong thread TRP are #13

You beat me to it Manro, I suspect there is something good brewing, we may even hear about it next week and then it's off to the races with all the ensuing fun. BLOE seems to have run out of puff so we could be next on the list of hot stocks. After being the dunce of Monday's trading we are now # 13 on the ADVFN leaderboard, lucky for some, unlucky for those not in haha... Good luck all, happy weekend.

Perhaps that 1.5m sell was the reason this was held back.

50p sounds a bit over optimistic to start with but if all goes well at Heron I can see the company concentrating on bringing in an income. This gives the advantage of being able to borrow instead of a dilutive placing. Money is much easier to secure against an asset and 25 mmbo is a massive asset. Our 4 well operation suddenly gets a whole lot bigger and not at our expense. So maybe not 50p for starters but I would imagine this story will grow and grow once the initial discovery is made. £2 may sound cheap in a while!

Blue start, have I gone colour blind or is this bouncing back? Maybe the good news we have been promised is about to start flowing.

I was fortunate enough to buy quite a lot at under 3p after buying some at 10p last year and I have had a few more recently. I felt a bit annoyed at the delay but that is part of the game with o&g explorers, I shouldn't be here if I can't put up with inconvenience and risk. But the rewards, they are huge and with an over 75% chance of success at Heron I am looking a gift horse in the eye if I don't stick this one out. Ok, small chance of failure in comparison to other oilers and I may sell a few before the results but then again I may not, no decision as yet because this is a massive money-spinner on a success. Not only that, any oil can be quickly monetised so apart from oil we are likely to having actual money flowing in!
I feel fine with people of limited patience selling as I still have a little cash left for more cheap shares. Good luck to all, buyers and sellers.

Oops, wrong thread!

Don't worry there will be a flood of sellers as soon as this reaches 1p again, or maybe a bit less!

It seems to have turned blue, is this a mistake? Someone must have pressed the buy button by mistake and bought 2 X 1 million tranches!
Oh well, another couple of months until this goes to 7p or thereabouts.

What is it you would like him to say? Unless he has some concrete news of merit he cannot conjure an RNS just for the sake of it. July will come round soon enough.

Yes, if they nail Heron and others in block XX and start to produce so they can become almost self funding, the sp will get a large lift. But if Fox or Velociraptor come in, they will have a new oil province under their control and any holders here will not have to work again! Or their kids either!
The impatient sell for a few quid profit but long term holders are the ones who will be rewarded in lottery win style if this ship comes in. Heron seems to be almost there and they haven't even started drilling yet!

It's on Vox Markets. It seems LSE don't allow links but there is a link to it on the ADVFN TRP board. However, if you go direct to Vox Markets and scroll down the page a little bit you will see the video interview.

If anyone has not seen this presentation it is well worth a few minutes of your time. Base case will be 8000 barrels a day which equates to $100 million year to Tower according to Oilfield International.
It's about to get busy.

**************************************/articles/q-a-with-tower-resources-ceo-and-chairman-jeremy-asher-7e28682/

We should have an update soon as they are giving a presentation starting at 5.50pm today.

https://www.ukinvestorshow.com/the-uk-investor-city-forum/

I agree, and it seems Malcy does as well:

'... I understand the market’s concern about the funding but this is a rare beast, despite needing substantial capital it is indeed a production and development play and accordingly better suited to funding via debt. Interesting times for Tower and not long to wait for definitive news on all fronts, operationally and financially.'