RE: Prime Energies Global Limited15 Jun 2025 13:20
Tower Resources (TRP) rose 60% this week, as the AIM-listed oil and gas company announced progress on its Thali license in Cameroon in Q4 2025 (Zake Traders Cafe)
Cameroon government farm out approval expected very very shortly now that TRP have the rig booked in
Also the $15 million that Prime are giving TRP to fully finance the drill is more than enough now.
Given that daily rig rates are 20% below last year and that TRP are sharing the rig with Addax the cost now is about $13 million. So TRP will have $2 million spare !
RE: Nice read 0.016 tgt rig now secured10 Jun 2025 16:15
It comes after Tower earlier today released its financial results statement for 2024, a period which the small-cap company described as “very productive”
Could someone please explain to me Bridge loan in simple terms? Once the share price reaches 0.05588p, Tower will release more shares to cover the loan? Is it correct?