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also I believe there is update due in Jan from New Age African Energy on Algoa Gantoos Seismic processing . Maybe we will get a nice surpise re. prospectivity P10 figure for the large slope lead in the southernmost part of the block.

Think the oil price is behind this move. Cameroon drill a whole lot more attractive at 55-60$ a barrel than 30 -35$ 8000 to 16000 boepd potential. And Exxon having Guyana as a core part of their production strategy is a good indicator for elephant hunting exploration in Namibia and Sth Africa. Would be nice to leave the .30s behind

looks good for more gains from this level. maybe to 30p?

Wishing id bought more at 6p now. top upon pullbacks maybe. Outside chance of T/o or M/A target for CAIRN - I believe Trinity have a few hundred million in tax free earnings allowable for offset and Cairn are cashed up now?

* Fleeting Moment

From the Evening Standard. Row with investors apparently. At least they didnt try to brush the 2012 share price under the carpet. 41000p or 410 quid. Actually it was 465 quid for a dleetibg moment. "Today the shares rallied 5%, 6.5p, to 129p on news of Harris’s appointment. It hit a low of 68p in October, but was once at a now astonishing looking 41,000p as investors bet that it would become a major oil player"as someone mentioned , New Ceo seems more suited to a downstream role . his former company BG had 650k bopd and about 2.2 Bn reserves and went for 70 Bn $ to Shell

Svenska'sowner ...apparently. 10 or 15 million to get Njonji underway doesnt seem much in context if they could be convinced. imo

new board member from Svenska whose owner is bothh the 2nd wealthiest African and the 2nd wealthiest Saudi and they are looking to expand beond their core area of operations. Someone else here noticed the phrase " or more" last week in the Rns . I read this ( perhaps in haste ) as an attempt by TRP to get Svenska on board in Cameroon or perhaps Namibia or SA

apologies. thought i saw 8000 bopd on their site a few days ago. 26k better obviously. perhaps if they want to increase production by a significant percentage they will cast an eye over Thali's incremental production potential

Svenskas owner is worth 8 or 9 billion $. 2nd wealthiest Saudi and 2nd wealthiest African in world. There could be something brewing here for Trp. Svenska production 8k bopd and they wish to look beyond their core license areas. and Njonji potential recently hinted at 8 to 16 k bopd. Also Qatar petroleum have a stake in offshore Sth Africa. perhaps other big ME players looking too. Gla its been a frustrating yr

"the days of excitement and believing in such CJ targets (£63) have long gone.Hoping to see £3 in New money, yes I'm aware thats 30p in old terms"no - 3 Pounds per share in 'new' money is 3p in old money not 30p

"We also hope that Duncan will bring us a fresh perspective on our existing assets and perhaps more."

more than a perspective so bring investors on board ? maybe Svenska as a partner ? check their owner

from proactive investors way back. I remember the day it went up a few hundred percent . might have topped out around 20-25p actually not 40-45p. Some of these structures now inside Globals blocks I think

Tower Resources soars on huge oil targets2008-05-15 02:16:00Tower Resources (AIM: TWP) soared over 200% and saw more than 5% of its shares change hands after it announced that "giant structures" identified from a recent 2-D seismic program in Namibia could contain, un-risked, 10 billion barrels of oil. Tower Resources has a 15% free carry in Licence 0010, offshore Namibia; Arcadia Petroleum is the operator. Additional seismic will now be acquired, and the first well is anticipated to be drilled in the next 2 years. Investors poured into Tower Resources in response, pushing the company from around 3 pence to 10 pence in a matter of hours. At 10 pence, Tower Resources is valued at almost £50 million

TRP was never in the pounds this time. something to do with historical graph and consolidation . I think around 40 - 45p was the all time high in old money . could be wrong

"Can someone please explain why this share traded at 20GBP in 2010 and 14GBP in 2014 and what went wrong to drop to these current levels?"

back around 2010 or 2011 Tower had a best case Oil in Place for the Alpha Delta Gamma prospects onn the Namibian license of 11 Billion barrels . The share price went from a few pence to maybe 40 or 50 p I think on the back of that and in the run up to the Welwetchia drill with Repsol . The drill didnt reach the deep intended target though i believe although I understand the forthcoming Total Venus deep drill is due to test this geology much further south . I think that was the story. memory a bit hazy. I held Chariot oil at the time , thought about TRP but didn't buy. Was doing well on others at the time.

given Totals '2 in a row' Billion barrel finds due west and that Exxon acreage borders Towers , yes it would be tempting to skip the seismic time allocation and cost and just drill gung ho but it might damage the companies cred . what's the cost of a drill on the slope margin anyone? and what's Towers share of any seismic likely to be ? perhaps they can include a seismic carry in any farm out deal

someone's gone and pasted a post I made below on several other penny share threads. When I post it's on the basis of my own opinion so apologies if the smash and grab and ramp del boy crew arrive over the coming days

yeah. that's one big drill prospect . way out on the slope margin which is usually reserved for the Majors

the big orange blob i referred to earlier is shown in this presentation - looks about 15x10km and defined as a prospect

there's what appears to be huge lead on Totals license just east of Luiperd. might be a mistake in the presentation in that it's an oil fairway / source kitchen rather than a potential prospect. it looks 5 times Luiperd in surface area.