Member Info for oilmanmike

The way this just jumped on minimal buying suggests there is a much much bigger move yet to come here
as TRP continues to re rate ahead of transformational news. Don't forget it is coming from a very very
low base. Tower has been in the frozen wastelands for over 5 years. It hasn't`t even started to thaw yet.
Market cap was over 200m when they last drilled Namabia. The Gamma target is about half the size of what
they were drilling back then. So £100m last time there was significant interest here.

nm

as I said not much stock available.
full offer being paid for small amounts.
This should absolutely explode when news
drops.

0.648p paid
Here comes the second leg !!

to what .62 to .65 ??
No L2

.63p paid on the up

again, Support line held and the mm didn't get much stock 10m shares maybe.
lets see if they move it up this afternoon.

looks like they have been caught out by this second move up today after Friday and need stock.
They may try a shake but that could bee too dangerous is a stock which moves like this does!

Triple whammy here.

1) Bullish Cup and Handle formation.
2) Three inside up bullish High reliability) candlestick formation.
3) Technical indicators all bullish 9-0 strong buy and Moving averages
all good 12-0 strong buy.

the farm out is apparently a couple of independents, we have been waiting for the balance.
If Asher converted his warrants it would currently trigger a T/O bid as he already has 27%!!

Cameroon news IMO although there is alway the wild card, although then again there is SA.
So many to choose from.
Regards praty, who thinks he knows better than Exxon, ........well!!!

Rocket where you based?
It's "a bird in the hand is worth two in the bush" LoL

Pratty obviously you haven't a clue what you are doing. Best stick to tracker funds.

Lets see if it is just repositioning or heading out.
Probably the former.

Should get this noticed. Still very cheap
Cup and handle formation on the cards
0.75p is the rim. Handle could take it to
1.25p

The way Jim is pushing GBP here and over at advfn I suspect having thought he was hedging his bets by holding both he is in fact now nursing a small loss. The reality is TRP is the hedged bet with better exposure to the wild card that is Namibia. Oh well he still has time to sort it.

lets see what happens next week but I strongly suspect TRP will build on Fridays gain and GBP will
give back the gains. I stand to be corrected.

Yes not nice to lose money.
Why don't you buy some here
to make back the loss? We are
soon to be producing 8000 b/d.
Or is it a case of once bitten twice
shy.
I think most on here know the risks
involved in an appraisal well compared
with wildcat drills.

You beat me to it.
schachmeister has hit the nail directly on the head.!!!!

schachmeister 12/1/2020 14:11 post

"This is primed and ready to blow, if your not in 'before' news lands, then you will have to pay 100%+ premium to get in !..Its that simple ! Not only will you have to pay the premium but you will struggle to buy in size and will have to pay more and more for each small tranche as the share price goes orbital. The smart money is loading up now 'before'this goes Ballistic,we all know these tiny micro-oilies go Ballistic on any positive news and all the criteria has been met here ready for the launch which will come when news lands! In the meantime,expect the steady rise to continue as speculators join the ride before the fuse is lit on news, and it could be news on more than one project ! Tower could be the best multi-bagger of 2020 for those who arrive early !"