Member Info for ifiknewidberich9

Barclays, looks like another push 0.026 back on the ask.......GLA

In todays news - Lithium stocks set to recover

https://www.marketindex.com.au/news/lithium-stocks-are-showing-signs-of-a-bottom-but-fundamentals-remain

and next door operators in Argentina doing very nicely........

https://www.tipranks.com/news/company-announcements/lithium-argentina-ag-reports-strong-2024-results

In its latest earnings report, Lithium Argentina AG announced that 2024 was a remarkable year, with the Cauchari-Olaroz operation becoming the largest lithium carbonate operation in Argentina. The company achieved a significant reduction in project-level debt and is focusing on optimizing operations and integrating new processing technologies in 2025.

Only two entries of note in this mornings RNA update (the msg/text) over the rns news wire, both indicating very high tonnage but overall low grade. BUT growing gold resources, the big picture...... 🤔

The above significant intercepts sit within a larger zone of 54m @ 0.65 g/t Au from 39m (NZRC007)

The above significant intercepts sit within a larger zone of 54m @ 0.51 g/t Au from 37m (NZRC008)

Over two months since this , so must be close........GLA

https://www.upstreamonline.com/exploration/london-listed-tower-resources-strikes-namibia-and-cameroon-farm-out-deals-stock-price-up-40-/2-1-1762716

https://www.oedigital.com/news/520989-tower-resources-inks-farm-out-deals-with-prime-for-cameroon-and-namibia-licenses

The smiling , smirking assassin at his best in that first one........ 😉🤣

I make lots of them on many shares and always share good news or bad 🙄😅

NJOM-3 targets contingent resources within the Njonji 1 fault block and the PS9 reservoir in the Njonji South fault block. A successful well will convert these resources into proven and probable reserves. This success will enable NJOM-3 to become a production well and lead to three additional wells in the Thali field.

Due to ageing oil fields, Cameroon’s crude oil production will decline to 20.7 million barrels in 2025, down from 22.9 million barrels in 2024. This decline could hit the country’s economy, shrinking the oil sector’s contribution to GDP by 3.6% in 2025, following a 2.6% drop in 2024.

A successful NJOM-3 well will be crucial in shaping Cameroon’s oil sector.

Central AfricaEnergy StorageEnergy TransitionNewsOff-GridOn-GridRenewable EnergyRenewables

Tower Resources Ramps Up NJOM-3 Drilling Prep, Awaits Cameroon’s Green Light

March 13, 2025 Oshionameh Ajayi

Tower Resources is preparing to drill the NJOM-3 well on the Thali block and is awaiting government approval for a license extension and farm-out agreement.

Prime Global Energies committed $15 million to the project, securing a 42.5% stake. Drilling is expected between June and December 2025.

Cameroon’s oil production decline continues, with NJOM-3 offering the potential to boost reserves and future output.

British oil company Tower Resources prepares for the NJOM-3 well in Cameroon’s Thali block. The company awaits government approval for a license extension and a farm-out agreement with Prime Global Energies.

Tower Resources assesses drilling rig options for deployment between June and December 2025. The company strengthens its team by hiring a senior geologist and a drilling engineer to support operational planning.

The company’s next steps depend on the Cameroonian government granting a one-year extension for the Thali project license. Without this extension, Tower Resources cannot finalise its drilling plans for NJOM-3.

In January, Tower Resources secured a farm-out agreement with Prime Global Energies. Prime Global Energies will acquire a 42.5% stake in the Thali project. They commit $15 million to cover the drilling costs. Cameroonian authorities expect to approve the agreement by the end of March 2025.

Nicely picked and clicked from my link post 😉😂

Https://theelectricityhub.com/tower-resources-ramps-up-njom-3-drilling-prep-awaits-cameroons-green-light/

tick, tock KAAAAAAAAAAAAABOOOOOOOOOOOOOOOOOOOOOM

📰👀👁‍🗨👁😜🤪🙄🔴

FL

keep a close eye on your FB, hearing meetings ongoing and this weeks Cabinet meeting (normally Wednesdays) is delayed, no idea what the meetings are (your FB usually gets the early Q&D) Was delayed until Friday two weeks ago , when they announced the $40m for Implementation of Tasi Mane Suai - Nat operations.

🤞🤞🤞🤞 more news and funds coming, for infrastructure , to get our baby to market.......GLA

If your planning to drill and build a pipeline to the Island, the local NOC Timor Gap recruiting both, drilling and pipeline engineers, is a pretty good indication, they are pushing ahead and finally doing it after 23 years , of saying so.. 😉😅

Https://www.timorgap.com/about-us/career-opportunities/shortlisted-announcement-march-2025/

Including

Drafting & Pipeline Engineer

Drilling Engineer

I agree given the background of the man with Woodside, the world leaders in mapping and seismic 2020, took it from the dark ages into the 21st century. If its the same Mark that instigated it, said did it as a TIC joke but the end result, was Woodside now had the ability to turn projects of 6 months to 2 years, into hours and days, saving the company millions.

As posted earlier, wonder if they later took a look at all the other TL Waters data including Kyranis , that was advertised available on the Norwegian companies website (for a price)

Https://www.bloomberg.com/news/articles/2025-01-21/bolivia-steps-up-lithium-dealmaking-despite-growing-opposition

Fingers crossed those talks end with something positive soon.....

Lot of drills already done , lots of gas found , no local permitting or path to market problems to resolve, as has been and to a degree remains the problem with TL. Philippines could happen very , very quickly , once Triangle get the ball rolling.

Would not rule out by 2028, when Chuditch monies roll in from a retained % or overriding royalty, after a potentially good pay out selling down, between post drill and production 2025-2028. 🤔

Asia

BARMM Licence Round: Two Sulu Sea blocks bid. - Up to 600 bcf gas already discovered and large multi-TCF deep water prospect identified. Triangle to be operator.

https://www.listcorp.com/asx/teg/triangle-energy-global-limited/news/agm-presentation-3115671.html

Triangle Web presentation (scroll down)

Bit at the end, not a problem , Exxon wanted Oil found lots of pockets of Gas, as we know , AB's focus, to build a mid tier Asia focused GAS Company, their loss is his gain.......

At the Sulu Sea basin, data from the DOE had shown that drilling in the area had already surpassed 40 wells; and despite anticipated massive potential for oil and gas reserves, further investments are still needed to bring prospects to commercial fruition.

The last big-ticket investor which wagered $400 million capital outlay for petroleum exploration at a block in Sulu Sea basin had been American energy giant Exxon, although the final outcome of its venture had not been enough to merit commercial scale development.

For the longest time, new as well as old-time investors in the Philippine petroleum industry had constantly lobbied for policy fixes to be rectified and rewritten as a way to de-risk investments, but some remedial measures in their wish list have not been coming as they are needed.

So far in the past administration, the energy sector leadership had been able to reinstate farm-in and farm-out deals in petroleum service contracts via Executive Order (EO 80) that was issued by former President Duterte in 2019.

Recent Minister to press, all sitting on the Presidents desk, Triangle January report states , approved and to the PD already.

Got to be imminent, to fit that all (not just the President) signed off by June statement the Minister also made..

From their Quarterly report

https://www.listcorp.com/asx/teg/triangle-energy-global-limited/news/quarterly-activities-and-cashflow-report-3144927.html