Member Info for edd12

CharlieHarper

Posted in: TRP

Posts: 923

Price: 0.034

No Opinion

Watch out for the rise to .045

Today 06:58

And the drop so they lock you all in!

best of luck

Looks like your 0.045 prediction could be close charlie

Tik tok, up we go again.

Any buy at this price is a bargain should relevant approvals be given.

Yes Asher has currently the largest proportion of TRP's shares hes had, 25% or c.7 billion of the c. 31 billion shares.

All other key personnel all get paid via warrants rather than salaries.

They know this is only going one way. We will fly to a min 30mil MCap Co. as soon as all agreements are finalised.

Everything he bashes turns green! what a track record

Agreed but at least it is now with MINMIDT and not sat with him.

As per Interim results RN:

"We have received a copy of the Prime Minister's instruction to the Minister of Mines, Industry and Technological Development ("MINMIDT") to approve both a one-year extension to the initial exploration period of our Thali license and also the farm-out of a 42.5% interest in the license to Prime Global Energies Limited ("Prime") as we announced in January. Our understanding is that the President has also approved this and the instruction is now being relayed back to MINMIDT,"

I was worried a more nationalist PM was going to take power who would scrutinise foreign investment more than biya

Great news for us... maybe less so for the Cameroonians.

Biya, having already giving full approval for our licences, getting another term has to be good. Any new president could have pot added more delays here with the deal needing to be reassessed.

GLA

Having their spam of nonsense clutter a public board is not good for a low mcap share on Aim though and can have more of an effect on private investors than we'd want to accept. It is however quite entertaining what they come out with hence why i havent green boxed them.

BSR in particular is only doing it for the benefit of getting a cheaper top up himself, as he has done multiple times with this share and has even proclaimed and admitted to doing this.

Theres always going to be winners and losers, but these are the rats of LSE slating a share purely for benefit of their own portfolio.

Easy mistake mixing up both your Alias BSR.

CharlieHarper

Posted in: TRP

Posts: 923

Price: 0.034

No Opinion

Watch out for the rise to .045

Today 06:58

And the drop so they lock you all in!

best of luck

BSR did you really think you did something there??? This morning u even said it's going to 0.045, nearly 50% up from here, sounds like it's a pretty good investment if what u said this morning is true.

Every other buy seems to be ticking it up slowly but surely.

Could be last chance to get into this beast before its too late

I agree with MR I, we have seen us reach almost 0.06 on announcment of farmouts.

We should reach far higher on confirmation of farmout, and even higher when reciept of farmout payments is recieved

CH is cluless mate, highlighting the fact that volcanic intrusions hadn't been mentioned yet we are still at early stage exploration at our Namibia lisence.

Just as a summary:

TRP's Walvis Basin licence (PEL 96) is in the early exploration stage and coves approximately 23,300 km2 offshore, with TRP holding an 80% operated interest. Over 20,000 km of 2D seismic has been interpreted, and basin modelling has confirmed mature source rocks in the Dolphin Graben. Within this licence, the Alpha and Gamma prospects have been identified, with conservative oil generation estimates of 45–79 billion barrels for Alpha and 15–23 billion barrels for Gamma. Key structural and stratigraphic leads are defined, and seismic reprocessing is planned before targeted 3D surveys to refine drill locations. TRP intends to select priority drilling targets and potentially farm out the licence to fund exploration wells. Volcanic intrusions, while present in parts of the basin, are not being studied at this early exploration stage, as the priority is on sedimentary source rocks, reservoirs, and traps and their effects on reservoir quality and seismic imaging will be addressed later during appraisal and drilling planning.

Hi CH,

Although majority of us are focusing purely on Cameroon, with it being the most developed field and Cameroon having a plethora of oil, our walvin basin lisence is also a very exciting prospct.

The Orange and Walvis Basins both have organic rich marine shales that generate oil, and sand layers deposited by underwater flows called turbidites, which can store large amounts of oil. They also contain fault-bounded grabens (blocks of crust that have dropped down between faults) creating natural pockets where oil can accumulate. Both the Orange and Walvis Basin also show volcanic intrusions, which can heat the surrounding rocks and help mature oil. The Orange Basin has proven commercial oil, including Graff (700 million barrels), Venus (5.1 billion barrels) and Jonker (300 million barrels). The licenses for these fields are held by Shell for Graff and Jonker, and TotalEnergies holdings venus's. With big dogs being located near our licence it not only helps with proof of commerical oil near the field but would also help with lower costs with infrastructure and rigs already being within the vicinity of our licence.

to me, with Walvis, having similar rock types, sediment patterns, and structures it is defo considered an exciting, high potential, frontier area for exploration espically considering we already have a farmout agreement in place with prime regarding our lisence.

Cameroon will the catalyst that creates massive growth here but success in namibia too could firmly cement TRP as a mid tier independent oil company.

Whats great about our asset being based in Cameroon is that once the president gives sign off its most likely going to be an intraday RN, with Cameroon being in the same time zone as the UK.

I'd hate to be sat on the sidelines when the news does finally drop, hopefully BSR and co get locked out and caught with pants down.

1.6 billion shares bought yesterday, 860k today. Thats 2.4 billion out total shares in circulation.

Considering JA owns 7.6 billion shares, thats about 10% of all shares that would be available to the market bought in last 24 hours. Thats without factoring in other private investors like myself who wont give up there shares for anywhere near this price.

This is still so cheap and had we not recently done a subscription raise to see us through to farmout we would be much higher

Post i posted earlier predator. The issue here is we have had big delays in getting presidential sign off for our farm outs. With the presidential campagin coming to an end in cameroon things are looking promosing for sign off in the ST.

If our farm-out agreements receive final approval, the company will receive an immediate cash injection of roughly US $4.4 million, with a further US $15 million to fund the Thali work programme in Cameroon. Meaning the wells could be fully derisked if a commercial spud is achieved.

A separate US $2.5 million payment relates to the Namibia PEL96 licence.

Cash alone from the deal would therefore equate to around 35–40 percent of the entire company’s market value, while the full US $17.5 million funding package (cash plus work programme costs) exceeds the current market cap.

According to Trps June 2024 corporate presentation, the base-case post-tax NPV10 for the Njonji development (Thali licence) is approximately US $300 million at a Brent oil price of US $75 per barrel, assuming an initial production rate of 6,000 to 10,000 bbl/d. Following the 42.5 percent farmout, TRP will retain 57.5 percent of the licence. On that basis, Trp share of the NPV is roughly US $172 million (57.5 % * US $300 m).

If we apply a substantial risk discount — say 60 percent to reflect exploration, regulatory, and execution uncertainty — the risked NPV would be about US $70 million, equivalent to roughly £55 million at current exchange rates. Even at a more conservative 75 percent risk discount, Tower’s implied value would still be near £30–35 million, which is roughly three to six times higher than its present market capitalisation.

This is just looking at our cameroon asset not factoring in SA and namibia.

Unwanted stock lol... the buys were churning through the subscription shares.

A lot of TRP's stock is sat with sticky fingers BSR, even JA holds 7 billion or 25% of the toatl shares in issue.

Once the subscriptions shares are fully chruned this will fly.;

£200k was bought across 4 trades. That is not normal for any Co on AIm, paticularly with TRP.

Whether its tomorrow or next week the sign off is close

Agreed joe, particularly not on aim, not for a MCAP of 8 mill,.

Lets see what the morning holds

£83k buy just been printed.

Lets see what else goes through before close of play.

Going to be chaos with people trying to get in here in morning if the RN drops. Could easy multibag on open