Member Info for NICKTIMS

ChessGambiteer - Some of my information is old (from the penultimate year's AGM, which I attended). Much of the important hardware had to be purchased and stored in a warehouse, ready for drilling. Two years ago, rigs were not readily available; this position has now changed in our favour. Mezzanine finance being acutely unavailable, Prime have come forward, fortunately for TRP. That's why I used the terminology "Locked & Loaded".

ChessGambiteer, JA has most of the items on the list sorted, "locked and loaded". Once approval to drill is given, things will happen very quickly.

Early-bird, I believe the main action will be when the drilling rig starts the drill. In the event of success, the sky is the limit.

Asher7 thank you so much for this update. I hope to see you at the AGM.

It would be helpful if investors were given an update on timelines. I have every confidence in JA, however, any recent developments, or bad news would be welcome.

If the timeline of events result in no drill for some time, it may be more productive to focus on other potential assets.

Mannan - JA does not take a salary. He owns over 20% of the shares and will do very nicely if we drill and find oil.

JA must communicate information of importance via an RNS. I wouldn't waste your time nor his!

Asher7, have a look at oilprice.com - you will see that oil and gas prices have fallen. Historically, oil prices rise on uncertainty; however, Trump will increase oil production in Venezuela, they have a considerable amount of oil.

I concur with the theory that Trump will drop the oil price. Russia is highly dependent on a higher oil price, and this will be dramatically affecting finances.

Southmead, you were one minute in front of me! I shall have a look in Monday and see if you are correct.

I'll guess three weeks from today at the latest?

I doubt that JA is visiting the above country for a holiday or for fun. Things are likely to start soon.

I can't see anything Charlie writes! I have saved so much time by not reading his posts.

When word of TRP becomes known, together with a drill date, speculators will dive in. A great opportunity.

Optic15, one of the reasons is to manipulate the price in order to buy, sell and repeat the process. You can't achieve this on FTSE 100 stocks, however, sometimes you can on AIM. I don't support the cancel culture, however, to save my time I do use a filter on timewasters.

For those of you who have not seen the latest news, a link is shown below.

https://theextractormagazine.com/2025/10/17/tower-resources-raises-550000-n12-5m-to-fund-namibia-oil-exploration-programme/

Jimmy, welcome to the forum. No RNS confirming which rig we are going to use. Currently awaiting a signature on a piece of paper confirming permission to drill. So far, the President of Cameroon has given verbal agreement only. There are several rig options; however, the depth is very shallow, around 40 metres. We have the finance and provisional supply arrangements in place. The drill should be in Q1 of 2025. Namibia and other drilling locations are also likely sometime in the future. This is highly speculative, however will prove to be rewarding provided oil is discovered. The Chairman has 25% of the shares, so he is putting his money where his mouth is. Good luck.

I am going to have a wild guess at when the drill bit hits the sea floor. My guestimate is 3rd March 2026. Anyone is welcome to place their guess.

Https://www.malcysblog.com/2025/10/oil-price-tower-buccaneer-petrofac-and-finally/

This link enables a full explanation. Worthy of a read.