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Https://www.towerresources.co.uk/wp-content/uploads/2023/10/Namibia-offshore-understanding-the-petroleum-system-in-the-Walvis-Basin-AEW-Oct-2023-final.pdf

The same person , Clement Baizot , SAR oil seep consultant : oil seep study for Duncan Rushworth presentation , page 5

A post by someone regarding oil seeps around Mopane and Cullinane prospects down south

https://www.linkedin.com/posts/cl%C3%A9ment-blaizot-297192129_mopane-namibia-orange-activity-7165384392289292288-qhf0

*Repsol drill was halted

LSE - your share chat has an infuriating tendency to omit parts of posts requiring follow up clarification . Also an edit function would be useful to alleviate this

My point was in response to the earlier poster who dissed the oil potential in TRPs Namibia block

As a small shareholder I can only interpret TRPs presentations and trust they are genuine

It appears to me that the record of oil seeps over the block appear to correlate to the NW - SE orientation of the Faults on the block. I recall TRP picking up this block very early , prior to any

Entry of the Majors to the south . The Repsol drill was from drilling deeper horizons due to cost reasons . There was activity to the north of the TRP block in 2012. Energulf resources Kunene 1 well - tight hole status.

https://www.rigzone.com/news/oil_gas/a/115395/EnerGulf_Estimates_316B_Barrels_at_Offshore_Namibia_Block/

* Hugely down in percentage terms

“NO Hydrocarbons around the Walvis Ridge”

The TRP Namibia block has numerous oil seeps according to studies

As p**sed off as I am with the share performance since buying in at .7 pence and hugely in percentage terms, I don’t suspect they are misleading the market re. This anomaly

Oil below or nearby ? …or from where else ? residue from passing ships ?

Merge with a company in the same space with some cash flow if that’s an option , and put us out of our misery please

Including debt of 5.4 bn it’s 22.5 bn$

So consistent with recent valuations of 1 Bn $ per 100 million p2 reserves

*Google Price

Google finance TRP share price showing as 35p ish….probably a glitch

Just need a 2000 bagger then from today’s price…. (:

Awenpawen. , that’s a good observation imo. Cash for a JV in Cameroon would be peanuts for a large company and there is surely some quid pro quo that could be factored into a Namibia or Sth Africa deal in return. So far the funds have appeared to be difficult to procure for Thali and it is too small for a large Oiler on its own ( after all the license was relinquished by Total way back )

I’m sure the CEO has considered this option . But only he knows what’s underway

At first glance TAF1X looks interesting. Maybe if re drilled 500 m to the east. But for another day & yrs away I’d say

I have very limited knowledge of this stock , so am not suggesting potential for a Ghawar scale find , simply that the comparison would imply circa 400 to 500 hundred of Tcf recoverable As I understand Ghawar has produced 70-80 Billion barrels to date

A potential Ghawar scale find would imply around 80 bn barrels oil equivalent recoverable = 465 Tcf

(1 Tcf = 172 million barrels oil energy equivalent)

Didn’t J Asher have pick of licenses way back when Tower entered Namibia before any of the huge finds down south . Way back in 2010 or something . Went for the biggest leads along with GBP . What’s interesting is that Tower have unwaveringly held Namibia for 15 yrs. long game maybe

Nice to see a new investor take so much. Lends a lot of confidence. And y3st Galp suggesting up to 10 Billion barrels in place . Huge stuff. Looked at the map of the prospect 2 yrs ago and knew they’d hit something big . It was a no brainer at 9 eu but I couldn’t invest personally. Money tied up elsewhere

Enquest would be much better served by buying Parkmead in my view for the conventional oil exploration / development upside. But I doubt the PMG CEO would sell at anywhere near current valuation - like AB , he has been building Parkmead for more than a decade . And EnQ are not really an exploration company anyway.

Been following EnQuest since IPO

They have spent the last 6 or 7 years trying to reduce their debt from if I recall around 2 Billion to manageable levels , and now close to the inflection point where mkt cap is nearing debt and shareholders might start seeing gains , a poster wonders whether they should take on another 1.8 billion due for refinancing in a year + decommissioning liabilities of 2 bn. Crazy

YET Another top up for me today at 0.02p

Last of the big spenders

10 bagger in 10 days…must be some kind of record