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Exxon circling TRP blocks and it was a super major that started talks regarding farm out with TRP

30 Nov 2019 10:03
Exxon blocks and TRP blocks

https://mobile.offshoreenergytoday.com/nambia-tower-resources-in-talks-with-oil-major-over-potential-cooperation/

Namibia farmout was expected by year end 2019 ( so it is due imminently now )

As stated by Asher we should get a update regarding Namibia farmout discussions

The LSE interview Asher says he hopefully will have a Decision regarding super major Farm out for Namibia by the end of the year ,conversion starts when asked
- 5.40 in interview Do you have any idea the discussions with the super major might end
- 6.08 in interview
- He answers I would like to think where we’re going regarding this discussion by the end of the year with in the next 3 months ,
- interview was in October

https://youtu.be/aEbUs8T_0RA

Envoy working on Farmout for TRP for Africa and Cameroon .

28 Nov 2019 18:26
South Africa and Cameroon FarmOut flyers

New Age the 50/50 partner with tower resources sold Marine XII Licence to LUKOIL for USD 800 mill
Cash rich

http://envoi.co.uk/wp-content/uploads/2019/11/P253-NewAge-SouthAfrica-AlgoaGamtoosOuteniqua-Envoi-Project-Update-Nov-2019.pdf

http://envoi.co.uk/wp-content/uploads/2019/11/P257TowerCameroonENVOI-IntroFlyer.pdf

Major Oil Companies Believe Namibia is Africa's Next Oil Hot Spot

12 Dec 2019 19:48
https://www.prnewswire.co.uk/news-releases/major-oil-companies-believe-namibia-is-africa-s-next-oil-hot-spot-896198561.html

(Quote)
((it will be an exciting start to 2020 in the Algoa-Gamtoos permit))(Quote)

From ,Senior exploration geologist for New Age
17 Dec 2019 12:51

((And with our seismic reprocessing almost complete, it will be an exciting start to 2020 in the Algoa-Gamtoos permit.))

https://www.linkedin.com/posts/envoi-limited_southafrica-oilandgas-farmout-activity-6603572633944551424-e14W

Assessment of Undiscovered Oil and Gas Resources of the South African Coastal Province, Africa
16 Dec 2019 17:52
The Algoa and Gamtoos Basins
Which New Age and Tower Resources are a 50/50 partner are positioned at the eastern end of a series of en-echelon petroleum basins on the southern margin of South Africa ,

Page 7 on report below

https://pubs.usgs.gov/dds/dds-069/dds-069-gg/REPORTS/69_GG_CH_9.pdf

The 5 Hottest African Venues for Major Discovery Upside

Namibia is on the number 1 spot

https://oilprice.com/Energy/Crude-Oil/The-No1-Oil-Hotspot-For-2020.amp.html

In coming expected news
1.Site survey for Cameroon
2.Farmout for Cameroon
3. Start of Drill for Cameroon
4.2D reprocessed data for South Africa
5. Farmout for South Africa
6.Farmout for Namibia

I feel the ship is ready to go at any time to start the site survey but is just waiting on
the relevant permits and the requisite license extension being received from the Ministry of Mines (prior to mobilisation) .

When the permits land , then Trp is off to the races . That’s when the news will hit thick and hard ,site survey ,farmout ,drill dates ,spud of well . And that’s just for Cameroon .
The 2 ultra multi baggers are South Africa and Namibia farmouts .

Eua had massive rise ,Rock had a massive rise ,TRP will top the lot, it will be the mother off all rises if any one of the 3 farmouts come in (Camroon)
(South Africa) (Namibia)
The site survey rns will just be just the starter ,it’s what follows after that will really wet your beak.

Gone to NT to buy any shares can’t even get a quote for 10k shares

I don’t think the delay is to do with the MV investigator,it’s has been in Cameroon now for about 3 weeks they are ready to go they just need the nod from TRP to go ahead with the site survey .
The delay is with the relevant permits and the requisite license extension being received from the Ministry of Mines (prior to mobilisation)

RNS from the 1st November 2019

The contract provides for the MV Investigator to arrive in Cameroon between 15 November and 30 December 2019, subject to all relevant permits and the requisite license extension being received from the Ministry of Mines, Industry and Technological Development (the "Ministry") prior to mobilisation.

Namibia quote from article
02/01/2020

(( That’s why Exxon (NYSE:XOM) recently acquired an additional 7 million net acres from the government for a block extending from the shoreline to about 135 miles offshore in water depths up to 13,000 feet, with exploration activities to begin by the end of this year.
What Exxon’s banking on is that Namibia, which according to theory once fit together with Brazil, shares the same geology as Brazil’s pre-salt basins, Santos and Campos, which have already proved resource-rich ))

https://www.google.co.uk/amp/s/oilprice.com/Energy/Energy-General/Is-This-The-Next-Great-Oil-Frontier.amp.html

Namibia quote from article
02/01/2020

(( That’s why Exxon (NYSE:XOM) recently acquired an additional 7 million net acres from the government for a block extending from the shoreline to about 135 miles offshore in water depths up to 13,000 feet, with exploration activities to begin by the end of this year.
What Exxon’s banking on is that Namibia, which according to theory once fit together with Brazil, shares the same geology as Brazil’s pre-salt basins, Santos and Campos, which have already proved resource-rich ))

https://www.google.co.uk/amp/s/oilprice.com/Energy/Energy-General/Is-This-The-Next-Great-Oil-Frontier.amp.html

The 200k showing at 1.34p as a sell
It’s a buy it’s my top up , covering both bases with TRP and GBP have a great holding in both now ,you just never no who will get the farm out first . I feel TRP and GBP will both get farmouts . But who will get the nod first that is the question .
Namibia is hot property at the moment and is ready to rock and roll in 20/20

Yep volume picking up should be a very interesting year for tower resources .
1.Site survey for Cameroon
2.Farmout for Cameroon
3. Start of Drill for Cameroon
4.2D reprocessed data for South Africa
5. Farmout for South Africa
6.Farmout for Namibia

Lots of news to look forward to :)

Happy New Year guys and hopefully everyone makes a handsome return on there TRP investment.

$58 divade by 8 = £7.25 a share in the uk market .

https://www.google.co.uk/amp/s/slatersentinel.com/news/2019/12/29/wedbush-reaffirms-buy-rating-for-verona-pharma-p-s-nasdaqvrna-updated-updated.html/amp

"..As investors seek alternative investments in 2019, one asset class they will find increasingly attractive is life settlements, which are US-issued life insurance policies that have been sold by the original owners at a deep discount to their maturity values and are institutionally traded through a highly-regulated market. The asset class is currently offering internal rates of return of around 14.7%. Jeremy Leach commented: 2019 will be the year of value and investors will find it difficult to find assets offering returns as favourable as life settlements. At 14.7% the IRR on life settlements is still significantly higher than the risk-free rate, so now is still a good time to invest in the asset class, especially now when the consensus is that undersupply will push up prices.."
https://www.whatinvestment.co.uk/gold-and-oil-to-be-best-performers-in-2019-2616199/

And with our seismic reprocessing almost complete, it will be an exciting start to 2020 in the Algoa-Gamtoos permit.))

https://www.linkedin.com/posts/envoi-limited_southafrica-oilandgas-farmout-activity-6603572633944551424-e14W

The Algoa and Gamtoos Basins
Which New Age and Tower Resources are a 50/50 partner are positioned at the eastern end of a series of en-echelon petroleum basins on the southern margin of South Africa ,

Page 7 on report below

https://pubs.usgs.gov/dds/dds-069/dds-069-gg/REPORTS/69_GG_CH_9.pdf

Great summery post mike, could have not put it any better .Remember being in rock at under 0.40p good B.B. at the time then after the big rise ,the pumpers and derampers came on ,then cat fighting started with cowboys and Indians , sold rock made great profits and topped up big time in trp .I can see great potential in Trp and will holding on for some time lots News expected for trp .But the when the predators get sniff of Trp when the news hits hear ,it will be a invasion off the pumpers , derampers but you will have made your 300 to 400% profit ,so top slice have a free ride with Trp and sit back relax and let the cowboys and Indians fight each other on the B.B.

Nice to see a rise up 13.3% on a especially Friday ,if Trp can get to 0.45p before news lands ,it will be a nice set up for the rise .

https://www.prnewswire.co.uk/news-releases/major-oil-companies-believe-namibia-is-africa-s-next-oil-hot-spot-896198561.html

https://www.prnewswire.co.uk/news-releases/major-oil-companies-believe-namibia-is-africa-s-next-oil-hot-spot-896198561.html

Willow

These are just my short term predictions on individual sets of news for each Farm - Out

Cameroon farmout = 0.75p to 1.00p
South Africa farmout = 1p to 1.75p
Namibia farmout 1.50p to 3.50p

But if all 3 get a farm out ,that’s not even including Cameroon producing oil.

Your looking at -
Low = 3.50p
High = 7.00p

Then your have the drills to come after the farm-out then you looking at a very different high price range

As I said just my opinion

All depends on which farm out comes first . Just my own opinion

Cameroon farmout = 0.75p to 1.00p
South Africa farmout = 1p to 1.75p
Namibia farmout 1.50p to 3.50p

Any one of the above come in your looking at a 150% to 400% rise .
As I said these are just my own opinions .Please make your own judgement and do your own research before buying any stock .

Cameroon
MV Investigated drillship in Cameroon waiting for RNS regarding start of site survey and hopefully update regarding farmout For the Cameroon appraisal well.

South Africa
The dark horse that could catch everyone out , Waiting for rns for the Reprocessing of the 2-D data with new analysed figures .And the big one hopefully ,RNS Farmout for South Africa , The big plus hear is our 50/50 partner has 800 mill in the back .
The dark horse, I can South African rns come out of the blue .