Member Info for Dicko80

https://youtu.be/CRVQkDS_6WI

just for the existing discovery known in the njomi structure

upside for any finds in the upper or deeper reservoirs to be drilled

mkt cap £7m

it doesn't have to be drilled by May, as long as its under way or spud confirmed, it'll be fine

remember JA holds 511million shares ! plus options and warrants

its in his interests to get this over the line for millions and millions of profit for him (64 years old)

recent II investment for upto $9m also offers insight to how close they are....

time to buy

consolidated nicely, waiting for next leg up

Depends on if all 3 licences come into play

They have all been on long term care n maintenance hence the low mktcap

But now we are on the cusp of rcreating and realising value from Cameroon assets Appraisal drilling potentially around 30 - 40mmbbls recoverable so net to TRP 22 - 28mmbbls @ $6 per bbl would give $130 - 160m

£100m - 120m mkt cap

Production estimated to come online within a year, creating significant cash flow

8000 bopd for phase 1 x 365 days x$90per bbl x 75% interest

$197m gross revenue before costs

Phase 2 to double production 16000 bopd

Further exploration upside of 111mmbbls

Then there's Namibia

Then there's South Africa

Cash flow could fund these 2 assets but most likely farm out / Jv as these are billion bbl potential

South africa deep fan prospect has AVO anolomy looks extremely exciting

Namibia same source rock as recent discoveries

Huge huge pside potential

Just need bank loan Group sign off for Cameroon to kick start the re rate

Drilling offshore Namibia

Mkt cap was c£400m due to the size of theprize

Why it's such a good buy at these levels c£7m with Billion bbls potential

Chart has also broken out of the long term downtrend today

Buy signal at .20p

the rise is based on the diamonds, long way to go for the mine to be profitable

be interesting to see what comes tomorrow ...

but don't be greedy, always leave some on the table for the next person

O/T - TRP one to add tomorrow, next one for Vast style rise

part 2

such as Alba and Zafiro which are on trend within the same basin

Njonji is a conventional oil development located in shallow water in Cameroon and is operated by Tower Resources Cameroon. Discovered in 2008, Njonji lies in block Thali, with water depth of around 108 feet.

The project is currently in feasibility stage and is expected to start commercial production in 2023.

The Njonji conventional oil development will includes mobile offshore production unit (MOPU) and subsea trees.

hTTps://www.offshore-technology.com/marketdata/njonji-conventional-oil-field-cameroon/

Offshore South Africa

Totals large gas condensate discovery with AVO analysis has now been mapped and confirmed TRPs deepwater fan leads x2 are not only on trend with their discovery but also exhibit AVO analysis

Interesting bit is where Totals exhibits AVO class III (gas) then deeper down dip class IIp (oil/condensate) at deeper depths, highlighting the change in gas to fluids at greater depths

TRP deepwater prospects exhibit AVO analysis observed downdip in Totals discovery below the gas suggesting the sands in tiny old TRPs deepwater prospects to be charged and oil bearing

These two large prospects are estimated to contain

A mean of 3.75 billion bbls

P10 a huge ! massive !

7.5 billion barrels OIP

TRP £7m mkt cap lols :))

hTTp://envoi.co.uk/wp-content/uploads/2022/03/P253NewAge(SouthAfrica)EnvoiUpdateMar22.pdf

Offshore Namibia

hTTps://youtu.be/ldzsLPZIvtM

3 years a go a "major" oil firm approached TRP to farm into their offshore Namibia blocks

Things to note

TRP had a first mover advantage and got to pick the block of choice

We know these blocks very well

We know we have seal

We know we have source rocks

It's of no surprise a major is interested in our blocks

Giant structures

Multi billion barrel prospects

Our mkt cap was over £200m before the last drill in Namibia , due to the prize on offer

........

Since then we have had very large discoveries through Venus and Graff

tweet by a geologist shows a map of offshore Namibia with the acreage that has the same play types as Venus and Graff discoveries

TRP are obviously on the map he's presented

"Multiple leads ranging from 250mmbls to 686 mmbbls"

hTTps://www.linkedin.com/posts/jamie-vinnels_namibia-exploration-production-activity-6928939283051401216-X21U?utm_source=linkedin_share&utm_medium=android_app

.....

hTTps://www.towerresources.co.uk/wp-content/uploads/2022/10/Jeremy_Asher_Tower-Resources_AOW_2022-v4.pdf

Investment case

OFFSHORE Namibia, South Africa & Cameroon

some info regarding our up and coming well in Cameroon - COS 100% as link to presentation below

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

Njonji structure - history - the deeper of the reservoir sands which were penetrated by Total’s NJOM-1 well extend across the structure away from NJOM-1 and towards the SW, thickening in that direction.

NJOM-3 will test those sands in what is expected will be a thicker section to the North of an EW fault which is expected to be sealing at that deeper level, confirming good total volumetrics for that area mainly to the N of the fault (the 18 million bbls of pMean contingent resources in the OIL report) but also extending to the S in the upper reservoir sands.

However the NJOM-4 well, which is planned to be the second well drilled from the same location and serving the same platform, would deviate S of that fault, both to access the shallower reservoir sands for production and also to test those deeper sands S of the fault (and produce from them also, if oil-bearing).

This is the pMean 18 million bbls of prospective resources referred to in the OIL report, which shows on the diagrams on the website as an orange shape underneath the green shape showing the contingent resources already identified in the upper reservoir sands, and which should be tested (almost) for free by the NJOM-4 well.

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 £7m

all further costs of exploration in the block to be recovered from the cost recovery share of that production until a full field development plan for the license is approved, which should allow us also to drill cost-recoverable exploration wells in the fault blocks in the Northern section of the license area, including the two fault blocks which appear to be analogous to the Dissoni field to the North (though not connected to it) and the two slightly deeper fault blocks to the E of those.

This is where the additional 111 million bbls of prospective resources identified in the OIL report may be found.

There are multiple free shots at different potential reservoirs which are not yet connected to the existing discovery

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 suc

We eat like kings

Nice

That's a sell

Yup no stock now, ready to move north

And can't buy many online

300k @ 0.6295p

Asian listing won't be anytime soon

Just had a look on MRA no change to Mambare "MAC matter"

Interims for the six months to 30 June 2022 on 20 September 2022

£1.5m of unrestricted cash.

17 August 2022 £3.3m placing at 5.5p

24 November 2022 - £1.3m by placing shares at 8p

Total £6.1m cash

Mou2 was estimated cost at $3.3m , drilling and testing

That's approx £2.67m

PG has confirmed no cost for downtime of Drill sat over the well

Comfortable cash position

The reaction to sp after MOU2 RNS was based on uncertainty

Uncertainty whether Mou2 would be completed

Uncertainty of cost - what all the standby time was costing

That interview has confirmed they'll do whatever it takes to complete the Drill and it isnt costing anything for the Drill to be sat overhead Drill

Add to the fact the primary risk of the drill was seal, which we now know is present

Makes it more of an opportunity now you can buy at half the price

Align had Burwell at £30m valuation !

unbelievable Jeff

RNS 13th Dec

Mag Mell Energy Ireland Ltd. presented its Mag Mell Floating Storage and Regasification Project to the Security of Supply, Markets and Retail Energy Division at a meeting that took place at the Department of the Environment, Climate and Communications offices at Adelaide Road, Dublin on 2 December 2022.

The meeting was extremely constructive and allowed each respective party to be better informed ahead of a decision on various options that may or may not be adopted following the conclusion of the public consultation process on Ireland's security of supply review.

The Company believes that these options may be clarified by the end of January 2023.

oz put up a theory based on the satellite images that spud may have been around the 9th, so 15 days from the 9th is the 24th (today) subject to no downtime...

drilling an onshore well to 1500m, IMO wouldn't take long if no hydrocarbons were found, it would be a quick drill.

ROP 150 - 200m pd - (8-10days)

we could be dealing with a highly pressurised gas well....

it takes time