Member Info for Moneymunch

Funding news for Cameroon could be fast approaching, or even better, Exxon deciding on Tower's offshore Namibian acerage with its multi-billion barrel potential, following their extensive analysis on the best prospective targets of the Walvis Basin. Gla holders...On and UP!!! :-)

Get UP there!!! Gla :-)

JA has a presentation tomorrow and Exxon on Thursday. It should be very interesting to hear what Exxon has to say on their offshore Namibian acerage, much of which lies adjacent to Tower's, any immediate plans to drill will be highly significant. Gla ;-)

Oil & Gas in Namibia - hosted by Presentation by Namcor

Presentation by Bridget Venner, Namibia Lead Country Manager, ExxonMobil

https://aecweek.com/african-energy-week-full-events-calendar/

This was Exxon's take back in April 2022, and were trying to analise whether there were viable prospects in their Namibian offshore acerage, we know Tower's acerage is awash with similar source rocks and potential multi-billion barrel structures, features and traps that correlate with Totalenergies and Shell's giant discoveries in the Orange Basin, and so maybe highly significant that Exxon are presenting in this weeks conference. Gl ;-)

AEC: ExxonMobil is planning to expand its operations in Namibia. Can you tell us more about what you are doing and what we can expect?

TI: ExxonMobil is kind of behind. It is still early in the game in terms of exploration and it is not clear where ExxonMobil is moving towards in terms of drilling. We are still in the very early stages of analysis in trying to figure out whether there are viable prospects or not. The discoveries made by Shell and TotalEnergies make it more exciting, and make Namibia a more viable space to explore. We hope the government will be more understanding in terms of the time we need to keep on analysing. We hope by the time we might need to ask the government for more time to continue with our analysis, they will work with us. We do want to continue exploring but we just need more time.

https://www.namibian.com.na/6220264/archive-read/ExxonMobils-Future-in-Namibias-Hydrocarbons-Market

NAMCOR, Qatar Energy Sign Cooperation Agreement

Posted March 7, 2022

Qatar Energy and NAMCOR will co-develop a sustainable upstream oil and gas sector, increase exploration activities, improve production infrastructure development and up-skill the workforce in line with changing business models within the oil and gas sector across Namibia.

The two firms will also collaborate to create new investment opportunities across the oil and gas value chain.

https://energycapitalpower.com/namcor-qatar-energy-sign-cooperation-agreement/

Qatar Energy could be a very likely JV for Tower's offshore Namibian acerage ( the third largest ) and one of the few still in the hands of a small cap independent. Qatar are now in partnership with Namcor and are very keen to expedite the appraisal and production of the two huge discoveries by TotalEnergies and Shell in the Orange Basin, which makes Qatar the largest international shareholder as they have interests in both discoveries. Qatar are investing heavily in all things offshore Namibia and so no surprise they would be looking at other opportunities that offer similar geology and mult-billion barrel potential...Watch this Space. Gla Holders...:-)

https://www.google.com/amp/s/www.oedigital.com/amp/news/500088-qatar-wants-to-speed-up-development-of-namibia-offshore-oil-discoveries

Ps Manure, big buys, big sells, all in the mix regardless..ho ho :-)

Cheers Progress101, let's hope Exxon starts drilling the Walvis Basin soon, and even better, let's hope Exxon or another Major views Tower's acerage more attractive given it has so many similar geographical features to Totalenergies and Shell's giant discoveries in the Orange Basin....Tower's acerage has the same source rocks and is awash with multiple potential multi-billion barrel features, Structures and traps. Gl :-)

Interesting that Exxon are presenting, much of their offshore Namibian acerage lies adjacent to Tower's, and so any immediate plans to start drilling will be highly significant for Tower. Gla ;-)

20 October 2022

Invest in Namibia: Hosted by

Opening Keynote Speech -Hon. Tom Alweendo, is the Minister of Mines and Energy in
the Republic of Namibia

Presentation - Investment Opportunities in Energy by Ms Nangula Uaandja, CEO,
Namibian Investment Promotion Development Board

With major oil and gas discoveries in early 2022, Namibia is the most recent trailblazer amongst Africa’s frontier energy hotspots, but its opportunities hardly stop there. Witha government centered on developing its hydrogen and renewable assets, Namibia offers one of the most diversified outlooks on the continent for the development of its energy industry.

- Investment opportunities in Namibia
- An attractive and business minded regulatory framework
- Giant oil and gas discoveries made by Shell and TotalEnergies drive offshore development interest

Moderator: Hilda Basson-Namundjebo, Namibian Entrepeneur
Speakers:

- Shakwa Nyambe, Director, Association of international Petroleum Negotiators (AIPN) African Chapter ; Managing Partner SNC Incorporated
- Immanuel Mulunga, Managing Director, NAMCOR
-Kahenge Haulofu, Managing Director, Nampower
-James Mnyupe, Green Hydrogen Commissioner
- Scot Evans, CEO, ReconAfrica
- Gil Holzman, Founder and CEO, Eco Atlantic
- Klaus Endersen, General Manager, BW Kudu
- Ejike Egbuagu, CEO, Moneda Invest Africa
- Eric Williams, President & Principal Consultant, Royal Triangle Energy Solutions
- Francois van Schalkwyk , Executive Director, NIPDB
- Maggy Shino, Petroleum Commissioner Ministry of Mines and Energy, Namibia
- Paul Mcdade, CEO, Afentra
-Pinehas Mutota, General Manager Economic Regulation, Electricity Control Board of Namibia,

Oil & Gas in Namibia - hosted by Presentation by Namcor

Presentation by Bridget Venner, Namibia Lead Country Manager, ExxonMobil

Presentation by Klaus Endersen, General Manager, BW Kudu

JA has a presentation in Cape Town next week and had a presentation last week in Cape Town, and so plenty of time in between to get loan/ finance and funding sorted for Cameroon, and every chance of a JV for Namibia as well as their SA acerage....Qatar Energy and Namcor for Namibia could be highly likely, and TotalEnergies for their SA acerage which straddles TotalEnergies two huge gas discoveries which are in the process of being granted a production licence by the SA Government....Gla holders...plenty of game changing news at anytime...a Multi-bag in a blink coming soon!!! ;-)

Game changing news at anytime...C'mon JA, prove all the doubters wrong!!! Gla Holders :-)

19th October 2022

Presentation: Africa Oil Corporation

INDEPENDENTS PANEL

Sponsored by Africa Oil Corporation

Upstream: African Upstream Trends by Rystad Energy

Presentation : Maggy Shino, Chief Petroleum Geoscientist · Ministry of Mines and Energy, Namibia

Some of Africa’s most impacting independent upstream companies discuss growth stratergies and risk mitigation in some of Africa’s least explored frontiers.

- Where are the most interesting opportunities for E&P in Africa today?

- Marginal fields, an opportunity yet to be taken

- What new exploration opportunities is the barrel above 100 USD bringing?

Moderator: Justin Cochrane, Director: African Regional Research, S&P Global Commodity Insights

Speakers

- John Hamilton , CEO, Panoro

- Jeremy Asher, CEO, Tower Resources

- Keith Hill, President & CEO, Africa Oil Corp

- Siraj Ahmed, CEO, Impact Oil & Gas

- Kola Karim, CEO, Shoreline Energy

- Edson Dos Santos, CEO, Somoil

https://aecweek.com/african-energy-week-full-events-calendar/

 0

Presumably JA will heading back to the UK following his presentation in SA yesterday, and so if he has sorted out loan/finance for Njom-3 in Cameroon, with its 90% chance of commercial success, then game changing news this coming week with any luck!!! Gla holders;-)

TotalEnergies gas fields could generate $450 mln a year for S.Africa, regulator says

CAPE TOWN, Sept 15 (Reuters) - TotalEnergies (TTEF.PA) 11B/12B offshore gas field could make a direct annual contribution of at least 8 billion rand ($457 million) to South African government finances, the country's petroleum regulator said on Thursday.

"That is not just the overall GDP contribution but is the direct fiscal contribution from the royalties as well as the primary taxes," Phindile Masangane, chief executive at the Petroleum Agency of South Africa (PASA), told delegates at an oil conference.

TotalEnergies lodged its production licence application for Block 11B/12B on Sept. 5 before a deadline expired which might have seen the oil major forfeit its right to develop two huge gas field discoveries - Brulpadda and Luiperd off South Africa's southern coast.

Development of the field will represent a major milestone in South Africa reducing its dependence on imported oil and refined petroleum products, although new gas and oil projects are being challenged in courts amid environment concerns.

The same huge gas discoveries that straddle Tower's SA acerage, which will be hot property when the production licence is awarded to Totalenergies. Gla :-)

Loss-Making Oil Company Lead Revamp in South Africa

Company discussing gas supply from TotalEnergies discovery

State-owned PetroSA to focus on trading, growing market share

October 7, 2022, 7:38 AM GMT+1

South Africa’s PetroSA is taking steps to end a legacy of mismanagement and continuing annual losses as it plans a project with TotalEnergies SE, according to its interim chairman.

The state-owned oil company has reported a string of losses, including a record 20.7 billion rand ($1.2 billion) in 2019, and experienced a high turnover of executives through the same period. More recently, the government made plans to expand PetroSA’s profile, adding gas and fuel storage businesses as the nation sees an increase in oil and gas activity.

“Shifting gear: towards a sustainable oil and gas future for Southern Africa” 

October 6, 2022

Conference on 15 and 16 September 2022 at the Westin Hotel in Cape Town. The conference which attracted more than 170 in person and virtual delegates was addressed by more than 30 eminent speakers and provided a critical platform to engage with topical key issues, challenges, and opportunities of the local and regional industry with the objective of restoring investor confidence while providing networking opportunities.

The conference topics included:

https://www.google.com/amp/s/www.cbn.co.za/industry-news/petrochemicals-oil-gas/shifting-gear-towards-a-sustainable-oil-and-gas-future-for-southern-africa/%3famp=1

• Experienced operator with operated licenses in Cameroon and Namibia, and a joint
venture license in South Africa operated by NewAge

• Cameroon license in first exploration period, but block already holds two discovery wells

• Namibia license in first exploration period, preparing for new 3D seismic data
acquisition

• South Africa license at end of second exploration period, also preparing for new 3D seismic data acquisition

https://www.towerresources.co.uk/wp-content/uploads/2022/10/Jeremy_Asher_Tower-Resources_AOW_2022-v4.pdf

...............................

Thali Block, Cameroon: A short cycle opportunity with upside

https://www.towerresources.co.uk/wp-content/uploads/2022/10/Duncan_Rushworth_Tower-Resources_Thali_AOW_2022-v3.pdf

.................................

PEL096 Licence, Offshore Namibia

https://www.towerresources.co.uk/wp-content/uploads/2022/10/Duncan_Rushworth_Tower-Resources_Namibia_FFF_AOW_2022-v3.pdf

RNS Number : 9093B
Tower Resources PLC
06 October 2022


6 October 2022



Tower Resources plc

Corporate and Technical Presentations



Tower Resources plc (AIM: TRP.L), the AIM listed oil and gas company with its focus on Africa, is pleased to announce that to coincide with the Company's participation at the Africa Oil Week Conference ("AOW") held in Cape Town, South Africa, copies of the introductory corporate presentation and the two technical presentations describing the Company's operated blocks in Cameroon and Namibia will shortly be available for download on the Company's website at www.towerresources.co.uk

Lol, the sad little share bashers with no shares come out of hiding when the sp dips slightly from its high...ho ho ho. Gla holders, game changing funding news could drop at anytime. :-)

Ps the classic Big W chart formation is a very strong signal for some significant upside, and when I say Big W, I'm not talking about Wallywolf....On and UP!!! :-)

A big W is a double bottom with tall sides. Price often confirms the double bottom and approaches the height of the left side trend start before retracing and forming a handle. Once price completes the handle, the rise resumes.

Yep,  very exciting with news from JA on funding for Cameroon expected imminently, and news from Namibia at anytime, and news from SA in the pipeline, especially when TotalEnergies production licence is granted by SA authorities for their two major gas discoveries that straddle Tower's SA acerage. Gla holders...Tower is on a oneway trajectory from small cap explorer to midcap producer with a market cap multiples of existing, just on the back of Njom-3 in Cameroon if all goes to plan...Namibia and SA could take us into orbit. :-)

Massive transformational UPSIDE potential. Gla :-)

Cameroon, Thali License

Summary

• Developing the Njonji structure alone has solid economics

– $18 million cost to complete NJOM-3 and confirm reservoir performance

– $45 million or so to get Njonji into production with 6-10,000 bbls per day to begin

– Base case economics are already excellent, and could reach 16,000 bbls per day of total initial production depending on what is found in deeper reservoirs

– Njonji can return capital and support exploration of the Northern fault blocks at little or no risk, even with poor reservoir performance and outcomes

• Northern fault blocks could contain over 100 million boe and can be explored without risk once Njonji is in production

– Smaller levels of oil production from Northern fault blocks could also be handled through an existing MOPU at Njonji

– Larger levels of production could be handled through an upgraded production unit or tied into Addax/Perenco network

– Can be explored at little or no risk using Njonji cost recovery pool

– Potential to add $100s of millions of NPV

https://www.rns-pdf.londonstockexchange.com/rns/7147Q_1-2022-6-29.pdf