Member Info for Dicko80

Up she goes

Previous resistance points now broken so these now act as support levels 0.040p

So tomorrow we should see a bounce from 0.040 and looks like stock was filled at 0.042 and sell price went up to 0.040

Should be a big blue day 📈

There you go

100m buys published

Sets up nicely for FOMO friday going into the long weekend

Yes i would say playing games but probably hoovering up cheap shares to fill orders

Its only derisked if the assays come back with gold amd at commercial grades

The ET is modelled at 0.5g/t

Is this grade commercailly viable at these depths ??

Assays will take upto 2 months

Any decent CEO will be prudently planning a chunky fundraise to accelerate drilling additional holes

Last placing to family and friends

0.13p

Just 1 hole down to 1200m

Plenty of stock available

510 looks like shes getting ready to depart

hTTps://www.marinetraffic.com/en/ais/home/centerx:50.671/centery:26.174/zoom:14

0.83p as page 5

https://www.towerresources.co.uk/wp-content/uploads/2023/12/TRP-2023-12-06-Initiation-Report.pdf

23p

Although the table on page 12 highlights the upside case, with the whole portfolio unrisked valuation c23p but again could be seen as conservative as this is based on 100mmbboe net to the company across the portfolio

Valuation reminder

Page 5

hTTps://www.towerresources.co.uk/wp-content/uploads/2023/12/TRP-2023-12-06-Initiation-Report.pdf

0.83p

How many bags is that from here ?

68% is now 57.5% so on pro rata that’s 0.78p

0.78 - 0.048= 0.732

0.732/ 0.048

15 bags

Just for 25mmbbls

TRP have potentially multi billion bbls across cameroon, namibia and SA

The sp was very strong before farm out RNS

Remember we went c0.060p intraday on farm out RNS

Just 0.039p now

Lots of upside with farmout conclusion to take us higher highs and then with appraisal drilling in Q4 for njomi NPV $300m+, TRP 57.5%

Cash in bank would be c£4m

Current mkt cap c£10m

Plan D

Warm stacked at WB

https://s23.q4cdn.com/956522167/files/doc_downloads/fleet-status-report/2025/07242025-Fleet-Status-Report_FINAL.pdf

Mike

Page 4

Njomi is the shallow water reservoirs but theres also deeper reservoirs anologue to the giant fields ontrend

600mmboe+ potential but also lowrisk followon leads"other prospects" of around 113mmbbls as well

All recoverable numbers not OIP

https://www.towerresources.co.uk/wp-content/uploads/2024/06/Tower-Resources-corporate-summary-June-2024.pdf

Pmean yes 35mmbbls recoverable

So if 30% recoverable of oil in place, pushing 120mmbbls OIP

Then theres the deeper reservoirs, which theyll target fo ph2 ramp up from the cost recovery pool

Worth noting thedeeper reservoirs some 600mmboe+ potential

Historically, Strong moves have seen news come shortly after

Looking strong today

Buy and sell prices increasing

Now its clear theres alternative rigs sat offshore cameroon and will be with our rig supplier

Plan A, B, C lined up

ADES to buy Shelf drilling

https://ksatools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=7765188&lang=en-GB&companycode=eg-ades&v=

Establishes a strong global player in shallow-water drilling with a substantial fleet of 83 offshore jack-ups (including 46 premium units), following the addition of 33 jack-ups and entry into new regions through the Transaction

• Forms the go-to partner for shallow-water drilling customers across the world’s most attractive basins backed by decades of experience and a shared commitment to safety and performance

Shelf drilling fleetstatus report August

Refer to WA rigs andavailablity

https://www.shelfdrilling.com/wp-content/uploads/2025/08/Shelf-Drilling-Fleet-Status-Report-Updated-Aug-2025.pdf

Both available rigs are currently sat offshore cameroon

High island II

SD Victory

https://www.marinetraffic.com/en/ais/home/shipid:3481163/zoom:14

https://www.marinetraffic.com/en/ais/home/shipid:7255353/zoom:14

Just added but was difficult, was NT to buy @ 0.032

Looking at the numbers

Pre drill 465ft for primary reservoir

Came in 26% higher

280mmbls & 800BCF

Taking that litrally and applied on the same ratio for primary target

For illustration purpses only

Additionaly 72.8mmbbls & 208BCF

Additional pay zones

60

36

53

Total 149ft

Again taking that literally

149/465 = 32%

280mmbbls x 32% = 89.6mmbbls

800bcf x 32% = 256bcf

When you add it all up, additional pay adds upto a very significant 120m + 149 = 269m, over 50% pay than pre drill 465ft

Fantastic result !

Should see significant increase in resources to existing and additional reservoirs

Good luck to mangrove scrambling tobuy back all those millions of shares !

Perfect storm

Any visible gold ?

Shame theyve not budgeted for more pipe, whos planned this ? Always have plenty for back up