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Our unrisked Njonji Phase 1 valuation is 0.57p/sh net to a 68% WI, which rises to 0.83p/sh based
on a 25mb development at the SP Angel LT $90/bbl Brent oil price forecast.
Just ph1 for njomi 0.83p !!
0.83p !!
Add in Cameroon other plays,Namibia and SA billion bbls potential
What price then !?
Mkt cap £2.4m
Strong buy
Seems i missed abit of scaremongering on Friday
Discussion around monies raised over the years and limited or no progress , I would agree with until last year progress was non apparent but last year was
we had updated Resources and NPV for Cameroon on the back of reprocessed 3D , increase in 2P and increase in NPV millions of $
the update we had ref Namibia , basin modelling results were highly exciting with clear understanding of the basin , migration pathways, DHIs,gas chimneys , oil seeps all highlighting hydrocarbon system in the basin
Although no value has been seen in the mkt valuation we await news to add significant value
Cameroon
Rig contract
Farmout x1
Farmout x 2
Resource potential of the deep reservoirs
Namibia
Updated volumetrics of structures and leads
Farmout
£2.5m mkt cap
I breve 2024to be the transformational year for TRP and could well be the multi bag share of the year
7 December 2023
Tower Resources plc
("Tower" or the "Company")
SP Angel Analyst Research Report
Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN), the AIM-listed oil and gas company focused on Africa, announces that its broker, SP Angel, has released a research report on the Company and its RIG READY status at the Njonji project. The report is available to view under the Research Reports tab on the Company's website at https://www.towerresources.co.uk/investor-relations/downloads/
STRONG BUY
Sorry to hear that lsetown,
Timing buying in these micro stocks is always difficult to predict the right time
historically there has only been Cameroon being advanced enough to bring forward but please refer to my previously posts investment case 1,2 & 3 why I think all three assets are being advanced so over the next 2 years we will see significant growth in the mkt cap
Cameroon multi well and into production , ramped up to 16kbopd
Namibia updated prospective resource potential will lead to farm out and 1 well commitment, larger structures over billion bbl plus potential , assuming we keep 25% net could be 250mmbbls net so buying in now for this event will re rate to price in the farm out and start to price in some of the size of the prize , as Cameroon $8 per bbl that would equate to $1000m mkt cap potential from today's £2.5m mkt cap, that's just one structure we have many offshore Namibia
Similar for SA - same as Namibia
So yiu can see the potential for the next 2 years from £2.5m mkt cap
Is truly staggering
Their initial valuation is ultra Conservative
15mmbbls x 68% interest x $8 per bbl x 40% risked
$32.64m / £26m
It's an appraisal well so 40% risked is very high, the drill has 90% COS
15mmbbls x 68% interest x $8 per bbl x 90%
$73.4m / £59m
£59m - 26m =
Difference from current £2.5m mkt cap is additional £33m ..
Mkt cap £2.5m
This is for just 15mmbbls , trp have billions bbls potential
Buy and put away for a few years ..
Once rig announced the others will follow quickly
Farmout 1 was pretty much done in Oct
Farmiut 2 a bit more work required
Licence pending rig contract
7mins 50 onwards
https://youtu.be/tCckFVp8dbI?si=b-3WF3sXu7GTgIe8