Member Info for NICKTIMS

ChessGambiteer. Would you reply to an arrogant, disrespectful, churlish email? Remember the old adage, "You cannot upset someone and influence them at the same time". JA has so much at stake. He wants this to happen far more than you and I.

ChessGambiteer. JA does not receive a salary from Tower, none whatsoever. He does receive shares, and they will be completely worthless unless he produces results. He wants success far more than you. These details are transparent and clearly documented in the annual results. I shall be attending the AGM and look forward to an update.

I look forward to attending the AGM this year. Always a pleasure to meet JA, who owns a large shareholding in TRP. He has far more to lose than me! He wants this deal as much as I do.

AFY786 - Welcome to the forum. There are many lessons to learn. I'll give you a few tips.

1. 95% of the posts on chat room forums are complete rubbish. However, the 5% are smart people, worth listening to.

2. Never expect to get in at the bottom and out at the top price. I have only achieved this twice (over 50 years). It's never wrong to take a profit!

3. A strategy of averaging up and down can often pay off well.

4. To save time, filter out the time wasters who offer posts with no substance. E.g. the moaners are sarcastic fools.

5. Read the company report! Few investors tend to do this!

6. Attend AGM's and chat to the Chairman & Directors after the meeting (the most productive time of an AGM).

7. Learn a little often, don't expect to know everything on day one!

Good luck.

Asher7, fair comment. I guess another 12 weeks is not the end of the world. I shall rephrase my comment to "Slight Disappointment." lol.

Ashe7 - If we are not drilling until Q3 - Subject to rig availability, then, personally, I would describe such a finding devastating.

Jperryuk - I will rephrase my sentence, namely top heavy. Approximately £2 billion, around 1/5th of the total car loans. I would prefer a smaller car loan book e.g. 10% if I were a new investor today.

Whatidsaytothat - Until quite recently, most of my investments were made 10 years ago. Substantial increases were made during Covid, and, this strategy performed very well. Buffett has dramatically increased his holding in T-bills. I avoid the UK equivalent, namely Gilts and invest cash in banks/building societies, ready to invest in shares when appropriate. My strategy is clear and well-defined. Effectively following the Buffet methodology. I wish you every success.

Asher7, your comments would make prudent sense; This would create healthy financial tension/competitiveness for the remaining 9 blocks on offer.

KNOT, good question indeed. Investment is about research and price opportunity. Close Bros have been on my watch list for some time. After the final court hearing, I thought that I had made a miscalculation and got things wrong. Day traders get it wrong more often than they get it right - I invest mainly for the longer term, a "Warren Buffet" approach. Selling assets and laying off 600 staff indicate problems in the near future. The war in Iran affecting energy prices will lead to turmoil. For me, an opportunity to invest in Close Bros may exist in the future, however, I shall remain 95% in cash for the time being.

RUSTY 50 - a good question indeed. Cameroon will offer 9 Oil and Gas Exploration blocks, the Bid Round Closes March 30, 2026. The agency plans to announce the results of the bid round on April 24, 2026. It would make sense to include any announcement pertaining TRP either before or on this date.

I believe the above date is the latest date for an announcement regarding TRP licensing. Yes, it could be before, however, gut instinct suggests this is the very latest date. Good luck to all.

KNOT, I should have mentioned the word NOTIFIABLE short position. I appreciate they are short and could have a derivative position that does not require FCA disclosure.

KNOT - question for you. If Viceroy is so sure of its opinion, why has it not taken a short position? - I am not a shareholder here; however, I was very close to being so. Indeed, I sold 95% of my share portfolio around a year ago. I have concerns that Close Bros. has downsized by 600 staff and sold some of its assets. The other concern I have is that no business should be heavily reliant on having all their eggs in one basket, e.g. car finance.

Tony_month, so what you are saying, Asher should find somewhere to drill in Australia, or some other place, which will take many years. Do you really think this is a sensible idea?

Tony_month. How would you do things differently if you were the Chairman, owning 20% of shares in TRP?

Tony_month - Cameroon is NOT blocking Asher nor TRP; we are simply awaiting approval. Ironically, matters are dealt with far more quickly in some African states than in the UK/EU.

Tony_month - The government have not refused to give Tower approval. The government has not been elected purely for TRP, if you are patient, then it will not take long. I cannot give you a timeline.

RNS 28TH January 2026 - Warrants and Options in Issue

Following the issue of the Broker Warrants, the total number of warrants in issue is 1,667,509,649 equating to 4.3% of the Company's enlarged share capital assuming full exercise of all warrants, options and restricted shares.

I take absolutely no responsibility for the maths, Tower Resources currently has approximately 1,667,509,649 warrants outstanding.