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Tower Resources plc (LON:TRP) insider upped their holding by 5.9% earlier this year
Simply Wall St
22 March 2022·3-min read
In this article:

TRP
-1.69%

Insiders were net buyers of Tower Resources plc's (LON:TRP ) stock during the past year. That is, insiders bought more stock than they sold.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

Yes it depends on your trading needs. Totally agree if you are happy to hold for 12 months this could be a magical investment.
The funding issue is not relevant yet but it will become so if no partner found in next few months.
Any funding may not necessarily be seen as a bad thing.

As usual with aim companies timings are key .

Venus is likely to be biggest ever deep water find

I plainly said this is good news.
It is plainly obvious if delays are bad news ,then there is bad news too.
Whatever happened to your wild price predictions that were supposed to have been realised by now?

This rns is good long term news for gbp holders.
This rns is good news for anyone wishing to top up or buy in below 0.5(I don’t see this at 0.3 as predicted on other board)

If you are an experienced investor you will know where this is headed over next few weeks and act accordingly.

The market will decide by end of week if this is good news or not.

Good news that license extended with no problems and they are still looking for partners .
Bad news that it seems there will now be many months before partner confirmation. It could well be there are interested parties but they need more info.

I guess now this will drift more .

Still holding, still think yesterday was a ramp , a similar one at Trp Friday maybe?still don’t see any movement here for a few weeks.
What yesterday did show is this will move fast if there is positive farm news.
After many many years holding aim oilers I know one thing …timescales drift
If you don’t sell you don’t lose
30mcap on good news quickly

Nothing anyone ramps or deramps will make a difference imo

V good news and once we get going with the campaign next year this will be a great 2022 share

Is there any news overnight ?
Oz up 50% at moment

My buy still not showing

Yes I put a wide limit on my order .Worth every extra little bit today as tomorrow or Wednesday .20 could be a very distant memory

Correct my buys not registered yet on here

31%

Do you actually understand anything? Have you any experience?

Nothing to suggest any issues
Just small investors moving on

t
Natural gas: Cameroon in favor of the joint exploitation of the Thali block by Tower Resources and Beluga

The British company Tower Resources revealed in a statement released recently that it has received no objection from the Cameroonian government to its request to jointly mine the Thali block with the Nigerian mining company Beluga. The British company Tower Resources has just made this information public in a press release


On August 10, the oil company Tower Resources announced that it had signed a binding memorandum of understanding concerning the sale to Beluga Energy of a non-operational 49% stake in its Thali sharing contract in Cameroon. According to its press release, it indicated that the draft affermage agreement had been submitted to the Ministry of Mines, Industry and Technological Development (Minmidt) for approval. This should, according to the Cameroonian petroleum code, take place within 60 days from September 21, 2021, the date on which it was formally requested. In a document from the British company consulted by EcoMatin on the update of the affermage, it states that “Tower has not received any objection to the transaction, nor any other request for information from the Minmidt,and although Tower believes the conditions for approval have been met, ”the document from the AIM-listed oil and gas company reveals. However, Tower Resources "has not yet received a formal letter (a" decree ") confirming the approval of the transaction by MINMIDT", specifies the British company.

Nonetheless, while the Company awaits a formal decree, “Beluga continues to work on its funding process, and the Company continues to work with the platform provider and planned service companies on the timing and conditions of the NJOM well. -3 ”, notes Tower resources. Note that Tower is negotiating a contract for a drilling rig for the Njom-3 well and will announce when this contract and other major service contracts for the Njom-3 well will be concluded. In this exploitation project, Beluga is certainly an indisputable partner, in that it is a private energy product trading company operating in Africa and the international oil market. It therefore carries out trading activities for its own account: obtaining supplies of crude oil and refined products,in particular LNG, LPG, natural gas condensate, naphtha, etc.

Tower Resources Cameroon SA, a subsidiary of Tower Resources plc, holds a 100% stake in the shallow water production sharing contract (PSC) Thali (formerly known as “Dissoni”), in the Rio del Rey, off Cameroon. Tower was awarded the PSC on September 15, 2015 for an initial exploration period of 3 years. In May 2021, it obtained an extension of its operating contract from

To save you guys the hassle of getting up early and moaning ….. we are bound to get some volume or trades of size before any rns . So just stand down until then

So sometime toward beginning of feb we will get another verification of the resource in that area

It’s ok got it
60 days

Are the drills 6 weeks do we know?

Please read pdf and listen to podcast all info is there and yes we have option to own 100% as it is proved up .
Also a full raising timetable.

Everything is there for you to make decisions