Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
With a lot of interest Namibia at the moment bought my first 100k shares in GBP got a great holding in TRP want to cover both basis with TRP and GBP you just never no who will get the farmout first and will Continue to add in GBP as funds become available. Just waiting for Rock to Announce the gold results then topslice and pile all the profits in here.
I feel the results will be this week , Rockfire is a sleeping giant ,a little gem and if the results are good as was implicated on the rns and the 28th October interview
Rockfire hits significant sulphide zone at Plateau .And the results prove that there is a Massive sulphide zone ,you could see a might rise on the cards . Not long to wait now .
Good post from jimarilo
Here is a taster of the full interviews coming new week from Malcy at the AOW Mike Lakin of Envoi (formally Serica) 5.03 mins in , talks of the seal in Namibia and the two discoveries that were made below this seal Mike spoke of this seal at the Africa E&P conference May this year and said drillers thought this area was over pressured and stopped drilling those that drilled through found hydrocarbons. The over pressured area is since found to be the Aptian Shale acting as a seal Gil 8.07 mins in, talks of Namibia and expectations of a discovery and because Majors like Exxon, Shell and Total have arrived other majors/large oil companies will have to take up acreage. Sounds like the place (AOW) is full of those trying to take part in Namibia HTTP://t.co/2eri5w8y6w?amp=1
Shell mulls options for Namibia wildcat Supermajor to choose between three prospects for well that may spud in a year, with hunt for rig to soon begin Speaking alongside Shino on Tuesday, Karyna Rodriquez, vice president of geosciences at seismic player TGS, said Namibia shows signs of similar mixed turbidite-contourite systems that have thrown up huge discoveries at the likes of Tullow Oil’s Jubilee field off Ghana, the Sergipe oil discoveries off Brazil and, potentially, ExxonMobil’s giant Liza oil find off Guyana. HTTP://www.upstreamonline.com/exploration/shell-mulls-options-for-namibia-wildcat/2-1-701237
Would not be surprised if it’s EXXON that
Are in talks with Trp as per 3rd October RNS , Tower has disclosed technical and commercial information to a major international oil company,
Towers blocks and EXXON blocks maps
http://www.towerresources.co.uk/operations/namibia/
The 5 Hottest African Venues for Major Discovery Upside #1 Namibia is by far the best, most underexplored venue on the continent. Only six wells have been drilled in half a century—most of them in just the past four years. But Andrew Sekandi, an investment advisor at Alpha Sierra in London, believes the country’s geological offerings are analogous to the amazingly prolific pre-salt fields offshore Brazil, which has up to 16 billion barrels of crude reserves. That’s why Exxon (NYSE:XOM) has been scooping up offshore acreage here. It already owned 2.8 million gross acres offshore, and in April move to acquire an additional 7 million net acres in four deepwater blocks, with exploration to begin by the end of this year. Exxon is gunning for what it believes will be an “elephant find�. HTTP://finance.yahoo.com/news/no-1-oil-hotspot-2020-010000377.html
Agree about Cameroon the next big news will be a Farmout ,but i all so have a gut feeling about a farmout coming for South Africa project as well, with New Age now with a cash balance of 800 mill. Circumstances have changed for New Age with a strong cash balance now ,would not be surprised they take on South Africa and give the partner tower Resources a % . These are just my own opinions and thoughts .
MV investigator drillship left Lagos eight hours ago heading offshore .
https://saltkick.com/MV-Investigator-Geotechnical-Vessel/
1 November 2019
Tower Resources plc
Cameroon Operational Update
Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed oil and gas company with a focus on Africa, is pleased to provide an update on operations on the Thali block in Cameroon.
The Company and its subsidiary, Tower Resources Cameroon SA, have signed a contract with Geoquip Marine Operations AG ("Geoquip") to conduct the site survey at the intended NJOM-3 well location on the Company's Thali license in Cameroon. 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. The work will comprise three boreholes, each with cone penetration testing (continuous PCPT), and is a necessary prerequisite to COSL drilling the NJOM-3 well in line with the LOI which has already been signed with COSL as disclosed in August 2019. The cost of the survey is in line with the budget previously anticipated, and the time required for the work is approximately 7-10 days on site, plus any off-site testing and report preparation.
Jeremy Asher, Chairman and CEO, commented: "We are looking forward to getting the site survey underway, which should be the final operational step before commencing drilling operations at Njonji. We are still awaiting the formal extension from the Ministry, but we are confident that this will be in place in good time for the survey. "
New Age engaged Envoi in Sept 2018 ,but in June 2019 Russian oil and gas company Lukoil has concluded an agreement with New Age to acquire a 25% interest in the Eni-operated Marine XII license in the Republic of Congo for $800 million in cash.
Now with being cash rich from the sale of Lukoil 800 mill in the bank
Circumstances have changed and would not be surprised if they negotiate with tower resources and take on the Algoa-Gamtoos licence themselves with a percentage going to tower resources example tower go from 50% holding to say anything from 20/10% .
Very interesting times ahead with South Africa ,talking to major for Namibia and Cameroon.
https://mobile.offshoreenergytoday.com › ...Lukoil enters Eni's license offshore Congo for $800 million – Offshore ...
www.newafricanglobalenergy.com › ...Web resultsSouth Africa – New Age (African Global Energy) Ltd
You have a great opportunity to buy in a share while it’s overhung ,but when that overhung is cleared then it’s bye bye opportunity because it’s free to make the Upward journey with no over hung placing shares holding it back .
I have got my average down to 0.70p and will be getting my cost down further if the SP is still here once funds come available .
And new investors are buying 90% cheaper then my avg cost of 0.70p and good luck to them ,right place right time .
Like yesterday 22mill volume and no movement this common when a share is overhung and you might get days with Similar volume and no movement.
But you will no when it is cleared when little volume effects the SP .
We are overhung from the 1st trench of placing shares that hit last week .
Once the overhung is Cleared You will see a rapid climb upwards . There is a lot going for TRP
Cameroon, Namabia ,South Africa
We all waiting for the site suryvey rns which can drop anytime .
But personally and just my opinion i would not be surprised to see the South afirica farmout deal news come ,which are cash rich partner New Age are working on , as Jeremy hinted in the interview this could happen first.
You want the see big blocks of sells and buys then you no the overhung is clearing Once cleared I feel there will be rapid climb for the SP.
Namibia
The bit I like the potential of a 2 Billion play across 2 structures
Giant 4-way Dip Closures in West of the license, and large structures in Dolphin Graben
Alpha and Gamma structures have potential in excess of 1 billion bbls each
Large structures (Leads ‘A’ to ‘D’) within the core of the Dolphin Graben - close to source kitchen
Multiple stacked reservoir targets
Upside potential in stratigraphic
Tower has disclosed technical and commercial information to a (( major international oil company)), in order to explore the potential to co-operate in respect of Tower's Namibian Blocks. This follows preliminary discussions initiated by that company and held earlier this summer.
Cameroon
Appraisal/development in Cameroon
18 million bbls of Pmean recoverable contingent resources at Njonji
18 million bbls+ of additional Pmean prospective resources in Njonji alone
Once site survey date agreed with MV investigator drill vessel ,site survey will start ,then farm out hopefully concluded and then spud
NJOM-3 well to commence, hopefully by November/December.
South Africa
NewAge operates in 50/50 partnership with London-listed Tower Resources plc
The bit I like is
(The five primary leads alone are estimated capable of containing a combined ‘mean’ potential of 2.2 billion bbls STOIIP (an upside of over 2.5 Billion STOIIP)
Envoi has been engaged by New Age African Global Energy (‘NewAge’) to assist in the search for a new partner to join in the exploration of the large Algoa-Gamtoos Licence, offshore South Africa, which NewAge operates in 50/50 partnership with London-listed Tower Resources plc.
NewAges’ most recent evaluation has redefined three primary play trends that the Group’s forward exploration plan will focus on, comprising:
Post Rift Canyon Play in the Algoa Basin to the east of the acreage, where Cretaceous-age proximal fluvial to distal marine turbidite canyon fill channel sands deposited in an incised valley on the shelf, are mapped on 3D stratigraphically pinching out, updip from the mature source.
Syn Rift Play in the Gamtoos Basin where stacked Jurassic and Lower Cretaceous rift fill on the shelf in the west of the acreage (comprising shallow marine, lacustrine and fluvial deposits) have been structured by early faulting, remain untested by any wells and require 3D seismic data to mature leads into drillable prospects.
Post Rift Passive Margin Play on the South Outeniqua Basin Flank where Cretaceous-age deep marine channel and fan systems fed by canyons on the shelf form potentially very large 3-way dip & stratigraphic traps on the deep water basin slope in the south western part of the acreage. This play, which lies on trend with acreage operated by the Majors, requires additional 2D or 3D seismic to define drillable prospects.
Modern 3D seismic led exploration is now required to accurately map and unlock the newly defined leads offshore. The five primary leads alone are estimated capable of containing a combined ‘mean’ potential of 2.2 billion bbls STOIIP (an upside of over 2.5 Billion STOIIP) and several hundred million barrels of recoverable resources in the three undrilled plays to be refined by new data.
Coming RNS news expected
1
Cameron
MV investigator drill vessel update regarding dates for the drill site survey for Cameron NJOM-3 well to commence.
2
Cameroon
Farmout for the Cameroon well
after site survey done
3
Cameroon
If farm-out successful then spud by for year end .
4
South Africa
Farm-out For South Africa being negotiated by New age the 50% partner .
Gamtoos Basin Roan ,Reedbuck
and Steenbock prospects covered by extensive 2D
Algoa Basin: Canyon prospect covered by 3D completed .
And as latest interview by Jeremy the CEO this might be the surprise and could be the first set of news to come .
5
Namibia ,
the multi billion filler four Deep closure potential,Which as we now as per interview by Jeremy in talks with a super major regarding farm out.
As we all no tower has disappointed many times and it’s all hurt are pocket some more then others.
But they do have a lot going ,from Cameroon ,South Africa ,Namibia
and all are in farm-out talks and hopefully drilling a Cameron before year end.
I have took advantage of the low SP
and got my average to 0.70p now .
Once the over hung of the placing shares have gone this will start to make the upward journey.