Member Info for edd12

Great volume today news is defo close.

Considering JA owns 7 billion of total shares in issue, todays volume is very significant

Next tick up gone through

£160k buys today..... someone knows something

CMG we have seen far less volume than this do 20-30% rises, wonder what is making MM's hold it back today with the relentless buying we are seeing.

Follow the money as they say.

cant remember the last time we saw a 9 figure buy, couple that with the multiple large 8 figure buys.

There is targeted volume here and some of the big dogs are taking notice now.

The potential here is far higher than a 3x upside.

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.

The upside is massive here the only big caveat is when/whether our approvals finally recieve presidential sign off

Did you go to the latest AGM? I was not present at the recent one.

Agreed analyst targets are not usually worth the paper they are wrote on, however the research piece today merely stated the facts, there's been a raise, been delays and current plan is to drill in Q1. All of which has been communicated via RN anyway.

BSR youve been in shares long enough to know that is quite standard when a raise goes through.

Esp when SP angel are the nominated advisor and broker for TRP so of course they'd release a research piece following a share raise.

Thought youd be a little bit smarter than asking what the chances that they coincide with coming out on the same day when they are litterally reporting on the news thats been released.

Hi Amy, in regard to the drilling in Q1 we have already had our lisence extended by the president and the ministry of mining in cameroon.

Only awaiting the final approval of farm out and then operations can begin and rig can be completely finalised. Albeit there has been some delays but it is only a matter of time till we get approval.

I cannot see this being for at least a month, till the new president is elected. Would be a great win for any new president to get foreign investment in early.

DYOR though good luck all.

7% diluation here is nothing in the grand scheme of things. It is only similar to the bridge loan we have been using to finance the Co till the farmout agreements have been completed. The directors get paid via warrents so these funds must be being used to further preparations here, funds would not be raised just to be extracted here with no payroll

Market cap is almost at equal to the funds raised. This will rerate once the MMs have churned through enough

Great news here this morning.

This is no where near done... a 6mill Mcap is only the start. Realistically we could be well above the 15m Mcap had we had a higher starting point this morning.

There is only so long MM's can keep us down with the volume we are seeing.

I guess the market doesnt agree with BSR and co.

Back to yesterdays close price. My top up at 0.028 is looking good, it was never going to sustain under 0.03 with the attention here.

"As previously explained, we also have two parallel sets of bank discussions underway with multiple banks, one for longer term development financing of the next three wells we have planned for the Njonji structure; and one for shorter term development, if this should prove economic."

"we have wished to avoid raising additional equity funds despite the obvious need to maintain and increase expenditure in order to be ready for drilling as soon as government approvals are obtained. Our solution has been a convertible loan facility, which may be converted to equity at a premium or simply repaid in future. In general, we continue to seek to raise financing at the asset level where possible, as we did with the Prime transactions, and to minimise equity dilution at the corporate level."

How much more explicit do you want the RN to be that there is no planned placing and that it is not the method of financing used here.

Allowed for another top up for myself, i dont think the fundamentals have changed here at all.

I am very happy to wait to reep the rewards here.

Great to end with the fact that no placing is going to occur.

This will be back in the 0.3s before the end of the week.

Alright BSR,

Nice to have you back in. What price did you get back in at? Last time I heard off you you had just sold out.

Derampers saying the current president is too old to sign of the agreements....

Derampers saying the new president would be unlikely to sign....

The main opposition to the current president has had his application for running for president rejected, with there now being no clear opposition to the current president. In the last election he only managed to achieve circa 15% of the votes anyway. Even if the president changed, this could be an easy win to show growth through foreign investment and helping the economy, where in recent years there has been a real push to make use of the natural resources (oil) of which Cameroon has plenty.

I think people are being narrow minded if they believe it is just a signature we have been awaiting for this period of time since announcement of the farmouts. In these jurisdictions there are many governing bodies that have oversight.

Our application would need to get approved by the SNH, which then passes it onto the MINMIDT who then passes it to the prime minister office and then finally we would be at the point of getting presidential approval.

We recently had our license extended, which would have been approved by SNH and then explicitly approved by MINMIDT in our recent RN about the bridge loan. I think this was very underappricated and although we did C. 10% on the day, this announcement was essential and shows we still have the backing of the governing bodies.

News is close either way, no matter the outcome of the election.

Agreed Asher, particular when you look at share ownership. JA is holding 7,357,739,463 of the 30 bill.

LTH are definitely sitting on their hands with another large proportion of the shares.

We have seen countless times that even off a little anticipation this share can shoot up... I'd hate to be caught with my pants down and not invested here once approval comes.

Do we think going past the conversion price for the bridge loan before the presidential approval would be positive or negative?

Might be totally irrelevant but i do believe there is a fee we would need to pay on conversion?

169m buys vs 35m sales this morning.

Next tick up will be due soon.

When are you going to tell us what price you bought back in at?