Member Info for Dicko80

Hi Stonk

Yes from memory the valuation allowed for some, but also we are getting monies in to offset some of that

my post was more to illustrate the sheer disconnect in SP to potential value if we get rig contract and the sp will re rate accordingly

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% WI , so on pro rata that’s 0.78p

0.78 - 0.026 =0.754

0.754 / 0.026

29 bags

Gerd *

Here we go !!!

hTTps://www.marinetraffic.com/en/ais/details/ships/shipid:3349569/mmsi:577431000/imo:9688324/vessel:GERD

The germs in Cameroon waters !!! Sat waiting 🚀💥

Rumour is one of BORRs jack up rigs

Just trying to find out abit more info

LOA signed

Let’s see 🚀🔥💥

Keith

Microseepage is low concentration seepage , which occurs along major migration pathways not near vertical independent of the geology, does it not ?

“There is a possibility 😎 that Paul Griffiths is aware of this data If so, this may explain why he has gone to the additional time, trouble & expense of using a deviated bore to hit a very precise drill location for MOU-5”

it’s called an olive tree

Yes slave the company is very very busy and after discussion about the assets my thoughts were they were very very busy planning and getting everything in place for the well once the farmout approved

Yea there was a switch in trading yesterday , with last online buy limits asking full ask 0.027 , so we could be ready to move up now in anticipation of news flow which after speaking with the company may not be too far way

Nice big buy

Anyone's?

Paul answered my question about the gas cloud at 40m25s in the Investor meets Company presentation 1st February 2023:

https://www.youtube.com/watch?v=7xbTMWdGHtQ

I don’t think this is in relation to MOU 5 maybe MOU 2

Hi Keith

Thanks for the reply

I have put my thoughts forward

As per the company’s interpretation of the Jurassic, this gas chimney isn’t on the flank

https://ibb.co/k6PDWFtF

https://ibb.co/G46V5Y6r

https://ibb.co/XfkFr6Rq

Even at the top of seismic section you can see the land outline drops directly above the gas chimney feature

To be clear I would like to see success here but after reviewing the seismic sections of MOU 5 , there seems to be a major risk

Clear indication of a gas chimney

Now gas chimneys, have a number of positives for example the chimney could extend to the over lapping shallower sands and fill those with gas or be on the flank of the structure which may be fill to spill

But looking at MOU 5 this gas chimney is on crest and has penetrated all reservoirs from Jurassic to surface , a potential gas blowout with extensive risk of no seal with the gas migrating out of the reservoirs

https://ibb.co/dsXBTPzL

https://ibb.co/Hm6TcM0

https://ibb.co/JjL8gjXf

https://ibb.co/0yYdCbDc

https://ibb.co/XfkFr6Rq

I have sent a query to the company regarding my interpretation but no reply

Please DYOR and manage your risk on this drill , in a success case the rewards are off the scale so you don’t need a large sum invested

I have decided to wait for the result before deciding to invest or not

GL with your own decision

Only profit

We are waiting on 3 separate RNS

Namibia farm out

Cameroon farm out

SA farm out

They can come at any time

Speaking with the company previously they are in daily contact with the reveleant people for approval

First one will bring back momentum for the sp , so better to bein at what is a great price considering we were 100% higher previously

She's going like the clappers

Unfortunately if you'd done your research you'll know the placing has already been done

Plus we are waiting on namibia and cameroon to complete the farm outs which will bring in just under $5m

Plus SAfarm out could bring in more money, back costs are upto $14m gross

So no requirement for a placing

It looks like we bounced of the bottom at 0.025 , remember placing shares were 0.027, great buying opportunity now

Cybertron is deramping here as he's upset someone is posting over on GBP

Potential news flow

Namibia and Cameroon announcements will come separately, expected this quarter as per RNS

If we get news of SA farm out tomorrow with a well known major and back costs upto $14m , what will that do for the sp ?

If that happens cash would cover mkt cap at current levels, absolutely nothing priced in the valuation of the company

So that’s 3 potential RNS due anytime …

it’s not worth trying to 2nd guess when they are coming

at these levels , better to be in

Thanks Ed,

Also to add that I discounted the NPV per bbl by 50% based on the companies $12 per bbl