Member Info for BondSan

Same goes for PutUp and it’s a Ponzi .

This guy has admitted to being a day trader so his target prices are always set for short term gains , momentum and mobility . He has NO IDEA what went on with this company from 2007 to 2017. Ignore his ‘analysis’ . There are people in this for 15 yrs who have more knowledge of this stock than many of GKPs staff and who await the return of their share of this investment that has so far been denied them.

Cost of another Lower Triassic / Permian well I mean

Cost of the well I suppose …among other factors

GKP havnt drilled an exploration well in nearly 12 yrs

Problem with constantly acquiring production assets is that it keeps holding the share price back…..at what point do Shareholders see a sustained share price rise ? Surely a very large Aquisition being speculated about here would hold EnQ back for several more years .

“The field’s production potential could range from just a few thousand barrels per day, to several tens of thousands of barrels per day – but, in the relatively shallow waters where Njonji is based, even the lowest parts of the range will still hold commercial value for Tower. And there are many more prospective structures to explore once the Njonji structure is appraised and developed.”

“The threshold for success is quite low, meanwhile, substantial potential remains for the well to significantly overdeliver.”

“classic early production approach – in which the initial wells provide the basis for debt financing for a much larger eventual project”

"Total never tested the reservoirs they encountered, and also even if they had, their two discovery wells for each of them were not in the optimal points”

Added a few more today. Chart looks good for a recovery to me

Good RNS 24,000 boepd is substantial.

I’m speculating, but Maybe CEO sees opportunity for early mover access to onshore Pakistan Exploration and deal was a quid pro quo of sorts ? Serious exploration potential there in future I’d imagine . Also suggests in interview that their gas experience could prove very useful should Cameroon drills encounter same.

New ex Total Energies board member should bring plenty of clout & possible help with access to production divestments ?

10% is a huge stake if you are talking about a FTSE company. Not so much at mkt cap of 10 million. With assets of potentially hundreds of millions in future value subject to drilling ( slope lead in Sth African license ) . 25 % ( I think) is the percentage needed to defend a minnow / fledgling Co. . And yes , I’m as p*ssed off as anyone the rise on Friday hasn’t held . Shorting minnows under 50 or 100 million mkt cap should be banned imo

This latest subscription by J Asher which was worked into the farmout deal is in my opinion- to ensure he retains a controlling stake in the company at 25% preventing) a hostile takeover when TRP are about to go into production . Can you blame him for wishing to retain control of his company . He was at circa 10 % but now back around 25% which I understand is enough to block any unwanted offers

Read my posts . Currentent price 0.045p approx , mkt cap just over 10 million

Broker Target price is 0.16p . Approx 3 times today’s price . If it were to reach that price with 30 billion shares in issue that would imply mkt cap of 30 million pounds.

I hypothesise a consolidation in that scenario of 1 for 100 . Mkt cap stays same at around 30 million. Projected share price of 0.16p now becomes 16 pence. Shares in issue reduced from 30 Billion to 300 million. With CEO and Partner holding a very large chunk this would imply a free float of perhaps 200 million shares . Which should in theory allow the share price to better hold on to any future gains . Hope this helps . Your shares monetary value don’t increase or decrease on the day of a consolidation.

That’s still nearly a 3 bagger from this lunchtimes price if Brokers Target is realised. And would correspond to the gap down on the chart yrs ago. GLA LTH who have had to endure sever all yrs of being in red here . My personal view as a holder here for 5 yrs - No investment advice intended

Thats assuming a 1 for 100 consolation in due course btw …imho

My thoughts on New 0.16 Broker target

if consolidated in the future would give 16 pence and 300 million shares in issue as I make it. Let’s call it 15p post consolidation with a mkt cap of around 30 million. Sounds about right for a company expecting circa 4000 boepd. I think a consolidation while inevitable , would be best at this level. 15p puts 50p and 100p in sight longer term. I’d expect CEO would like to be done with any association of penny status once this drill gets up and running. With maybe a lengthy sideways / plateau trading period at this level before the next major leg up. Don’t forget the Thali block offers multiple shallow and deep prospects. Having a bigger partner with gas expertise on board to fund contingencies may prove to be a shrewd move.

Interesting , thought it would be someone like Perenco, New Age or a US based African E&P . Glad JA has finally got this over the line. Deal with PIOGCL seems solid given that they operate former ENI and Lasmo assets in Pakistan. Aside from positive news on Cameroon, might open up the possibility down the line of some early mover onshore oil exploration in that part of the world for Tower in future if they are so inclined. CEO has form for that sort of thing with roles at GKP and Block Energy. Even in Tower > 5 yrs now so looking forward to Cameroon drill on this news. GL all LTH

Think there’s a lot left in it yet although ENQ has an annoying habit of being unable to rise more than a few pence last few years. Any thoughts on JSE Jadestone Energy? Based on chart , I think it’s about to rise personally & bought a few the other day around 24.5p

Just my own personal charting hunches / expectations : based on what looks like a bottom in share price after a long decline , bollinger band tightening , director buys , factor in post Xmas oiler rally and strong oil price , & upper resistance levels . Not intended as investment advice.