Member Info for Dicko80

Still not filling orders

Fill or kill only

As expected, up she goes

Back to nt to buy at .026

They won't let you add in decent amount £1k at best

It's not just Cameroon, all 3 assets in play

Huge potential

Will be difficult buy back

SA farmout $15m+ opens up

potential back costs $13m

3D seismic

1.5 billion bbl prospect

Cameroon farmout $15m+ to open up

35mmboe play opener

Production 8kbopd, 16kbopd ph2

111mmboe low risk follow on prospects

600mmboe higher risk follow on prospects

GBP farmout Namibia , potential FREE bonus drill for tower targeting 200mmboe net tower

Namibia

Tens of billions of oil in place

Multiple approaches

Mkt cap £6m

What a load of rubbish BSR

It’s quite clear in the previous updates they were expecting other offers …

Multiple contract negotiations are in play

Regarding rigs - plenty of availability now , numerous contracts suspended , again offers an opportunity for a better deal

The delay is actually a positive …

Sometimes you need to take a step back and see the bigger picture

Malta is in Europe

VALI is contracted to a previously announced contract in Africa

https://login.esgian.com/articles/borr-anticipates-delivery-new-contract-for-vali/5606

Confirmed in Borr contracts in November

https://api.borrdrilling.com/wp-content/uploads/2024/11/Borr-Drilling-Fleet-Status-Report-Q3-24.pdf

Tower previous announced contract in Africa with borr

https://www.lse.co.uk/rns/TRP/rig-contract-and-proposed-subscription-grkkvku0uhmbn0o.html

Remember it’s not one , it was at least two contracts in negotiations with potential of further parties to come to the table , that’s been the delay to day and why JA did the interview few weeks back as I believe other parties had come to the table

I believe negotiations are moving on with both SA & Cameroon

For £6m mkt cap - 1 is transformational but 2 and potentially 3 (remember we have a bonus opportunity if GBP farm out Namibia ) and 4 Namibia of our own

Quite an opportunity here

Jeremy Asher, Tower's Chairman and CEO, commented:

" We are especially interested in what Global is doing on PEL-94, and note that the amount of 3D data already obtained on the Welwitschia Deep prospect suggests that this might already be close to being drill-ready. If Global is able to drill an early well on PEL 94 targeting the Albian carbonates and Cretaceous turbidites, this would bring extremely valuable insight to Tower on the multiple structures and leads on our PEL 96, and if it is on Welwitschia Deep, then it might also bring an early discovery providing immediate reserves to our Company."

hTTps://www.lse.co.uk/rns/namibia-update-1logv6rxg3ma4ms.html

Slide 10 - shows the prospect and the overlap into our licence

hTTps://globalpetroleum.com.au/wp-content/uploads/2024/09/24-09-23-GBP-Corporate-presentation-September-2024.pdf

we would have a free shot at potential 200mmbbls net to TRP for nothing

Yes interesting tweet from GBP

“Looking forward to Global meeting with our commercial JV Partner this week for PEL94.”

Remember Tower have c25% of w deep that overlaps into our licence

Another share catalyst for us that has nil cost to us

“But it feels like a placed article”

They are promoting their conference next year in Paris …

The finance deal for tower is “innovative” and will be used as a “blueprint” for deals across Africa

💥💥💥

Https://energycapitalpower.com/proposed-financing-for-thali-permit-could-unlock-investment-in-cameroons-oil-sector/

Https://www.upstreamonline.com/rigs-and-vessels/seatrium-delivers-newbuild-almost-one-year-ahead-of-schedule/2-1-1740260

https://www.marketscreener.com/quote/stock/SHELF-DRILLING-LTD-44388502/news/Shelf-Drilling-Announces-Contract-Update-48437706/

The amsdem is raw gas not helium

Flathead has the helium but isn’t flowing at commercial rates , needs stimulation

Costs for drilling Njoni at c$13.6m, $6m already spent by tower

Farm out update stated, an improved offer, funding in excess of $15m

Leaving $1.4m+/£1.12m+

Placings £1.18 + £0.275m

£1.45m

Total £1.45 + £1.12

£2.57m

If they conclude SA farmout with associated back costs c$13m ,cash levels will be current mkt cap

So on this basis absolutely nothing priced in

Looks a huge development

https://m.youtube.com/watch?v=UK9jIU183WE

Drilling is expected early in the new year

Should be entering a rich period of news flow

Borr Q3 conference call

hTTp://www.insidermonkey.com/blog/borr-drilling-limited-nyseborr-q3-2024-earnings-call-transcript-1388625/

Borr Q3 presentation

hTTps://portalvhds1fxb0jchzgjph.blob.core.windows.net/press-releases-attachments/3502658/Borr%20Drilling%20Q3-24%20Presentation.pdf

Fleet overview page 7

Thor, Ran, Vali, Var available, well Vali booked out from 1st Jan to Africa

All 4 rigs are jack ups similar specs and therefore any 1 can be used to drill our wells