Member Info for oilmanmike

looks like another false alarm. Sorry chaps!
One day soon she will sail .

has left the ATM Lima oil base in Douala.
Lets see if it heads out to sea this time
or if it's another false alarm

We must be ready to start the survey soon.
High tides in Douala are 12noon advancing
by around an hour a day. I think we will leave
port over the next few days mid day to afternoon
so keep an eye on https://www.marinetraffic.com/en/ais/home/centerx:9.672/centery:4.014/zoom:17
for the next few days the vessel is Investigator (VU) drill ship.

Judging by the interest in Lekoil today when the news lands here we should be good
for a nice rise IMO.

is Tower Resources
thank me in 2 to 3 years

12 mth high here is 1.277p.
0.7p will be nailed once
it kicks off here.

Here for such a quite in-between day on AIM.
A couple if sell get mopped up immediately.
Cheap as chips.

https://amt-sa.com/presence/cameroon-lima-oil-base/
Activity this morning, Investigator making ready to leave base finally?
Not long now!!
https://www.marinetraffic.com/en/ais/home/centerx:9.671/centery:4.011/zoom:17

admitted to the market today.
1/2 days volume 1m shares
Which way is it going to go?
S51 hasn't a clue

As Oil beast as said the ship is back in port again.
Meanwhile the COSL Seeker is located the Cameroon
https://www.infield.com/rigs/coslseeker-jackup-60656
There will be some action here v soon Imo.
With an EMV of $118m for Njonji alone I am expecting
this to double or triple on a successful drill.
COS of 80% has been overlooked. The next drill is an
appraisal well which will move the reserves into the
proven category. Buy now and hold for some impressive
gains over the next 3 to 4 months. GLA
This should make it onto the bangs for your buck list in
the New Year!!.

Looks like the drills ship is in a holding position in a busy shipping lane.
The site is around 120Km East and then 20km North from the Investigator's
current position. Once it is underway I would imagine it's around a day to
get there.

Not so much as moving the posts IMO. More like setting them up in the first place.
Shell have been unwilling to invest as the legislation was uncertain. Certainty is
better than uncertainty. 80% of something is better than 100% of nothing.

Ships repositioning at the base/yard mooring.
Investigator has been moored up at the Douala
base for the last week or so.
Impossible to say just now if ships are just repositioning
or the drill ship is finally setting off!
I expect the position to be clearer by the end of the weekend.

Keep and eye on The Investigator using the Marine Tracking
site. https://www.marinetraffic.com/en/ais/home/centerx:9.671/centery:4.014/zoom:17

The Investigator is the one that seems to be heading out of Port.

neither can I
what twitter posters
are you talking about.
Cannot see anything.

Marty that is your opinion only.
you have been consistently over
optimistic re short term price.
Relax it will rise again

Marty was in this the week before the news.
rode it to over 1.8p. Sold on warrants before
punters caught on its the same as another placing.
No doubt this will shoot up again but then more
warrants will be exercised. New trading range of
1p to 1.5p pending more news.
At below 1p this could well test the gap at 0.6p

Just the kind of suckers rumour I would expect at this stage of the game.
Some must be getting pretty desperate here. T20's from early December
staring at loses currently. This could have a flash crash as they all head
for the exit. Sub 1p and it is anybodies guess. Could it test the gap up
at 0.6p on the original announcement.

0.385 bid 0.419 offered
hopefully this will strengthen into the close of play

very positive outlook from Jeremy Asher.
https://www.youtube.com/watch?v=lChdIaiBBNY.
well worth a listen.

Nice to see some good buying volume today.

Get into Tower Resources TRP, it is going to do a rockfire very soon

Rockfire was a gift it was obvious once they were coming to London that they had something.
Most of my proceeds from that beauty are in here, some via a quick 45% in Tullow!!
This one is not quite as obvious, but never the less is equally good.
Not many people realise that the Cameroon drill is an appraisal well for a 40m bbl discovery
owned 100% by Tower. This is worth $180m + (after Capex). The survey about to kick off is the final
operational stage before the well is drilled. I believe we already have a farm in partner (New Age) waiting inthe wings. They will fund the balance of the drill ($12m) for a 45% share.
Asher knows that once the survey is complete he has the farm in in the bag hence he has put in
another £700,000 of his own cash to get things to that stage. The well has a 90% COS as it is an appraisal well and will be flow tested once TD is achieved. Asher is pretty confident the well will flow 2000 to 3000 b/d which is sufficient to obtain reserve based lending to develop the discovery.
This means little dilution from here on in, a view again supported by Asher recently doubling his
stake to 27%. This is as close to a dead cert to double or even triple your money as is gets in the Oil/Mining game as there is a clear opportunity to get in early and gain a free position, your investment back and a tidy profit.