Member Info for KevH

Bankruptcy

Not doubting your buy but I genuinely put in a dummy bid offer only to buy 100 shares at 16:27 and got a bid rate at 0.0301 ? So u must have got on the last second of the bell, and no sign of any buy at that time on the trades page ?

Steve 196

Lever has posted 1000s of mail, over a 4 year period I have posted less than 20 ? Please explain what your problem is with my messages posted !! Never skated anyone and only put my points across, you can see on other shares I have shown negativity and have been invested in share but at present I feel good about TRP and it’s future.

?????? Why would I use another name, and why would I be banned?? I am not bad mouthing anyone, just putting my thoughts forward what I thought use share chat is about? You maybe don’t agree with what I say but please Steve explain why I would be banned.

If both JVs in place soon and of course drilling licenses then could be a very different looking company pre Cameron spud

steve 196

now i wouldn’t be so sure of that, i understand nothing in pen and paper yet and towers past history isn’t great but if both jv,s signed before october and drilling licenses in place then can see a definite ******ant, but must admit a few ifs in this scenario but could all come into place very quickly.

Ifik

Totally understand what you are saying but can still run into so much issues that could make our 15 million $ JV money disappear without getting a taste of oil, I worked in Cameron previously offshore for and we found a huge discovery but gave up trying to recover as just to hot and was breaking down hole tools as soon as they went any depth as a large volcano in Cameron, and that was a jack up on shallow water. I am heavily invested here and of course want success but having another JV in Namibia would be the icing on the cake as then can spread our risk scenario.

Also if do sign a JV for Namibia then don’t have all our eggs in 1 basket, worse scenario hit a duster in Cameron and JV partner pulls out, but would then still have Namibia to fall back on, so all very positive, just got to get the Cameron license through and then everything else will hopefully fall into place

Being offshore in the oil and gas myself do have a bit of understanding how this works and the mention of the Namibia JV just now makes perfect sense, as your JV partners know if by the end of the year we do prove there is oil in Cameron then we will manage to get financial loan backing to go this solo to do test drills ect in Namibia as will have future millions in the bank IF test Wells are a positive so a small few million $ to these large corporations is nothing and then can also ask for a larger percentage for monies as at present we have nothing BUT by year end the outlook could be bright.

I still feel fortunate as 50% of my holding is on ISA average 0.08 , and the rest in normal account at average 0.11, which is at a loss but any minimal good news and that figure will be history, just a waiting game now.

I bought a small top up this morning of 2million, but has never appeared? Just feel like it is a steal at this price, did promise myself not to buy anymore as now holding nearly 1% of shares , but at this price just can’t help myself.

So just to summarize:

If license granted and JV money in account 0.09 - 0.12

Once we received funds bank loan facility open and pre spud , from there big re-rate

Gents

As you can see I don’t regularly post here but do have a nice sizable holding and I am one of the lucky ones that is in good profit as price stands , hopefully going forward and will be holding for multiple:

License agreement plus min 40 percent rise.

JV signed and cash forwarded min 75 percent rise

Then when we have the funds in account and pre spud we will then get loan facilities available, this will then open the doors for us to commence with our own operations in the other county assets. Does sound a lot of steps for unfortunately a company that to be honest hasn’t the best past record but this really could take off in price in the very near future.

Fingers crossed.

Just topped up with another 4m, be crazy not to at this price, only thing that scares me a little bit is more dilution maybe soon if no JV or buyout before that. In for the long haul if required.

Honestly hoping holds this price for another month so can fill my new ISA with more , hopefully my early retirement package .

That’s me just topped up another 5m, crazy not too at these prices.

I have a good holding here and confident that in the near future either a JV with $$$ paid up front or a total buy out, the worst scenario I can seen is dropping to 0.1 or another placement but at this price now is a steal and I honestly think the next big decision the long term holders will have is mmmmm slice profit or take the large profit.

Yes could be days/ weeks or months away but for them willing to see it through and even top up on the lows if funds allow will have a once in a lifetime return on there investment.

Also noticed our spread is back to over 11 percent, and in blue, hopefully a breakout coming soon

Come on dysoms , anyone not used to the word IF who deals in the stock market would require there head examined, you can be in the safest stock possible but IF the stock market crashed you’re doomed, to me it’s all about risk/reward and at present Rockf with its crazy valuation is well worth a big IF, but you’re money and been burnt before on IFs but have also made a lot over the years, as said on previous mail if u want to try a safer bet but with small returns then go to FTSE100 but even there still has it IFs

I work in the oil industry and same there, they can say a potential 2 mbbls find with seismic but until drilled not totally confirmed but oil companies know the risk and will spend millions to see if is correct and recoverable

Dysoms, this could be correct that drilling required for full valuation of company but with the data already and a 5m valuation I personally think is a bargain, if drilling in the future does show anything like the predictions we may have then I think you will agree this would multiply x 10 many times, then we will have the people saying oh but until the resources are recovered value is worth nothing, if I wanted just a nice safe retirement package then would go for FTSE 100 divedend stocks and this is up to the individual but am fortunate and have cash that is spare and willing to take the risk and am ready to go long on this.