The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
TRP drilling for 159mmbb of oil in june its an apraisil well
Cameroon
Appraisal drill high COS, targeting 16,000 BOPD.
first production from Njonji estimated at just 6 months thereafter
phase 1 @ 8k bopd
8000bopd x 365 days x $90= $262.8million gross per annum
phase 2
production estimated to double to 16k bopd with the deeper sands
16000 x 365 days x $9 = $525.6 million gross per annum
TRP mkt cap just £2.5m
June 2022
"The Company has also updated its estimate of the NPV10 of the base volumes in the 24.9 million barrel pMean recoverable case, to $305 million, as set out in the linked presentation at page 11."
April 2023
"Updated resource estimates and risks for the reservoirs connected to the NJOM-1 and the NJOM-2 discovery wells, substantially lowering risk attributed to PS9 Sup and PS3 HW reservoirs, and increasing total risked pMean prospective resources to 35.4 million bbls."
$305/24.9*35.4 =
$433.61m NPV10 (On a pro rata basis)
technical overview
https://www.youtube.com/watch?v=6ZJ7Nh1_oj8&t=4s
https://www.towerresources.co.uk/wp-content/uploads/2022/10/Duncan_Rushworth_Tower-Resources_Thali_AOW_2022-v3.pdf
Njomi 3 - 90% COS according to OIL report as below
https://www.towerresources.co.uk/wp-content/uploads/2020/03/Summary-Reserves-Resources-Valuation-Report-Tower-Resources-Cameroon-Assets-Effective-Date-10th-March-2020-Publication-date-12th-March-2020-Final.pdf
additional 111 million bbls of prospective resources identified in the OIL report may be found.
you'll note on the farm out flyer they have now included the Dissoni & Ideneao prospects with pmean recoverable of 111.3mmbbls
making pmean recoverable total of 149mmbbls
this hasn't been released to the market ..
quick maths on the revised recoverable plus the increase in resources noted in the RNS link above
149 + 7 = 156mmbbls recoverable
quick maths for NPV10 on a pro rate basis
$305m/24.9mmbbls*156mmbbls =
$1911mNPV10
Mkt cap £2.5m
http://envoi.co.uk/wp-content/uploads/2019/11/P257TowerCameroonENVOI-IntroFlyer.pdf
you were also not there is further upside for the deep plays...
"equally large undrilled deep play upside identified on 3D on trend with proven reserves..."
Then there are much deeper prospects which currently have no numbers on potential in the public domain but are turbidite and sandstone exploration plays are analogous to giant fields such as Alba and Zafiro which are on trend within the same basin
https://www.towerresources.co.uk/wp-content/uploads/2023/04/2023-04-24_CAM_Thali_TechnicalUpdate_Rev7b2.pdf
which TRP are keeping this information to themselves for now ;)
Zumore i think AB is full of it there is a video of an interview with stockbox i think it was in november he basically said he does not need to be in the DRC to recieve the money, if any one can remember that trip to zimbabwe then was on to the DRC after there but he never went saying he does not need to be present if and when the money lands
Hes trying to pump it up lol
check out TRP
drill rig contract sorted
lisence extensension sort
now finance nearly done
drilling in a proven oil basin
New video 21/12/23
David Mirzai, Head of Energy Research, SP Angel on Tower Resources:
https://www.youtube.com/watch?v=LGJPfX7_8Fw
Excellent new SPANGEL 6th Dec 2023 research note:
hTTps://www.towerresources.co.uk/wp-content/uploads/2023/12/TRP-2023-12-06-Initiation-Report.pdf
This Tiny AIM Stock Will Make MILLIONS In 2024:
https://www.youtube.com/watch?v=AKOkMdXWLjM
10 Oil and Gas Companies to follow in 2024:
hTTps://total-market-solutions.com/2023/12/10-oil-and-gas-companies-to-follow-in-2024/
INFO ON TRP
New video 21/12/23
David Mirzai, Head of Energy Research, SP Angel on Tower Resources:
https://www.youtube.com/watch?v=LGJPfX7_8Fw
Excellent new SPANGEL 6th Dec 2023 research note:
hTTps://www.towerresources.co.uk/wp-content/uploads/2023/12/TRP-2023-12-06-Initiation-Report.pdf
This Tiny AIM Stock Will Make MILLIONS In 2024:
https://www.youtube.com/watch?v=AKOkMdXWLjM
10 Oil and Gas Companies to follow in 2024:
hTTps://total-market-solutions.com/2023/12/10-oil-and-gas-companies-to-follow-in-2024/
baron oil up 59% thats what happens when you get **** done and they have nearly 19bill shares on issue so if ja can manage to pull somthing off here then who knows where we can go as a share
Wouldn't believe anything on a telegram group
He or she that is scarlet vixen has been doing this on the ECR board as well absolutely sad person IMO wishing to lose money your a joke