Member Info for PowerfulPete

You make a good opinion for a Tower failure Charlie. But, in my opinion JA will turn things around after all he’s a 9% stakeholder in Tower. When there’s no good news naturally pi’s sell, a lot haven’t and caught the falling knife so will wait. There’s an odd dead cat bounce, what’s really needed is bull run.

If it doesn’t happen this year. 2025 in my opinion is when it will. Or will JA just sell the licenses and walk away.

Best of not going bust

Charlie, I think it’s all in place, admitting there hasn’t been any major oil discoveries yet. Tower for the Cameroon project did sign a deal to get a rig for an appraisal come discovery well earlier in the year, not happening yet. They also loaned a load of cash to finance it. Tower Resources and the BGFI reached an agreement for a medium-term loan of $7.1 million intended for the partial financing for the company's Njom-3 oil well. The loan will cover approximately 40% of the anticipated total costs of $18 million, with Tower Resources expected to cover the remaining cost. As you say Jeremy hasn’t exactly produced the goods, I’m sure though being he has a 9% stake in Tower, he eventually will. As I said look to 2025. Unless you have crystal ball Charlie can you definitely say it won’t.

Best of luck

As I said in my previous post the reason I bought in.

It looked an undervalued company, but always a risk with oilers. Cameron etc hasn’t quite (at the moment) worked out.

But, as Interest in the Namibian oil frontier grows, evidently majors like Chevron are now taking the untapped potential of Walvis seriously.

Bambi is isn’t quite dead

Having taken 80% of the PEL licence block, Chevron showed interest.

The well will likely see plenty of interest and attention, not least in the offices of Tower Resources.

Success in Chevron’s Walvis project will further boost the appeal of Tower’s acreage which spans some 23 square kilometres and is believed to have ‘billion barrel oil potential’.

Tower, meanwhile, if they can get a rig , in preparation for future drill plans of its own.

It’ll be a different story.

Tower shared with investors a detailed review of the Walvis basin modelling work completed on PEL 96 last year, including an updated analysis of oil seeps.

Through the analysis the company begun the process to identify and evaluate potential structures and stratigraphic traps along oil migration

Tower recently shared with investors its most recent technical presentation.

As the Namibian frontier continues to grow, Tower, and the company’s early bet on the Walvis could payoff . This was all a while back so we need an update. don’t think now it won’t happen till 2025 It’s a waiting game. Obviously Charle you say a strong sell. But, pi’s who bought at a higher price will now hold and buy more if good news comes in.

Tower Resources plc, independent oil and gas company. The Company operates oil and gas licenses with a focus on projects in Africa. The Company has operations in Cameroon, Namibia, South Africa, and Western Sahara. The Company, through its wholly owned subsidiary, holds 100% in Thali Production Sharing Contract (PSC) in the Rio del Rey basin, offshore Cameroon. The Thali PSC covers an area of approximately 119.2 square kilometers (km2), with water depths ranging from eight to 48 meters, and lies in the prolific Rio del Rey basin, in the eastern part of the Niger Delta. Through its wholly owned subsidiary, Tower Resources (Namibia) Limited, it has an 80% interest in various blocks that cover 23,297 km2 of the northern Basin and Dolphin Graben (offshore Namibia). The Company also holds a 50% interest in the Algoa-Gamtoos license offshore South Africa. The Algoa-Gamtoos license covers approximately 9,369 km2.

Course, to get this SP moving something lively needs to happen.

Charlie harper a fictional character from a USA programme. Just as mine is Charlie . Get a life .

As I said skever1850 I’m not going to get involved in your drivel. So run along now there’s a good boy.

What does it matter what Kever says, we put our money down aim is a gamble. I wouldn’t care if he owed half the company. At the end of the day l’m only interested it what happens to the SP price.

Kever might be an optimistic dreamer, but you skeever1850 are talking what we are trying to get rid of, which is drivel. Maybe you can do better with your 3rd post

Great post Rktech no drivel in it. I suppose as long as they don’t go bust there might still be hope.

Gary I agree with what you say, so easy to fall into

the tit-for-tatting and trying to put one another down. I hold a large amount of shares in this company, I like to read what informative insight other holders say about TRP and not the drivel

You sound like a teenager Charlie so I for give you.

Enough of this tit-for-tat keyboard nonsense now go and play on your Xbox

Charlie or is it Norman. You’re barking up the wrong tree. I’m just as annoyed as you are at the failures of this company. You seemed more annoyed than most go and have a lay down in a darkened room and think about the stupid stuff you post on here.

Charlie I don’t report any posters to get deleted.

I have a good laugh at your idiotic ones.

Seems like you’re upset.

As you say

Best of luck

CharlieHa ha ha ha ha ha ha harper. What an idiot you are.

Perhaps Charlie can tell us

Amadan, BMI with high muscle volume would put it high so not a good judgement of being over weight.

Hey Charlie, are you actually invested in this company. Seems like it’s the only one that you post on, enjoying calling people idiots. This board is about opinions on this company, not of people.

Best of luck

Yes, a good post Casper. Pointing out what good could come out of this company but reminding us there is risk and reward.

I should have added depends on the spread which at the moment is high 20%

Well done aim, as you say ignore the derampers.

At the moment I see this company(before the SP really takes off) as traders stick, while you can get the odd 10-15% profit