Member Info for Rolfdavies

Why do people come out with this nonsense of "NT to BUY"

I can buy 40 million at 0.019p with IG

I can buy 20 million at 0.019p with HL

The authorities, however, want to revive the momentum. The National Hydrocarbons Company projects production of 20.8 million barrels in 2026, then 22.1 million barrels in 2027. This trajectory, however, remains conditional on the resumption of upstream investments, the attractiveness of the blocks offered to investors, and the stability of the operational framework.

With this in mind, SNH has put nine open blocks up for development, including six in the Douala-Kribi-Campo offshore basin and three in the Rio del Rey basin. The objective is to attract new operators capable of reviving exploration and increasing national reserves in the medium term.

Gas is another priority. The Yoyo-Yolanda transboundary project, shared between Cameroon and Equatorial Guinea, is presented as one of the key projects for the country's energy future. The unitization agreement concluded between the two states should allow for coordinated exploitation of the deposit by harmonizing technical, legal, and operational rules.

For Minister Fuh Calistus Gentry, the establishment of Baker Hughes therefore comes at a time when Cameroon is seeking to accelerate exploration, strengthen its reserves and support gas projects capable of contributing to the energy security and industrialization of the country.

Beyond the technical dimension, the Douala center also addresses the issue of local content. It can promote the training of Cameroonian technicians, the creation of skilled jobs, and the transfer of skills in professions that are still heavily dependent on external expertise.

For Cameroon, the challenge now will be to transform this presence into a concrete driver of competitiveness. In a sector where production is declining and where investment remains crucial, the local presence of a player like Baker Hughes can improve the oil ecosystem. But sustainable recovery will depend primarily on the country's ability to attract new exploration capital, secure gas projects, and replenish its reserves.

Op

(Invest in Cameroon) - The American group Baker Hughes, one of the world's leading players in oil technology and services, inaugurated a service and equipment center in Douala on June 26, 2026. The ceremony took place in the presence of Hatem Salem, the group's Vice President for Sub-Saharan Africa, and the Acting Minister of Mines, Industry and Technological Development, Fuh Calistus Gentry.

Located in the port area of ​​Douala, the site will serve as a centralized base for Baker Hughes' operations in Cameroon and, more broadly, in parts of Central Africa. It includes an office building, workshops, a warehouse, a storage yard, a drilling mud preparation unit, a bulk cement facility, a cement laboratory, and a secure area for certain technical equipment used in oil operations.

For Baker Hughes, this new facility marks a step in consolidating its presence in Cameroon, where the group has been operating for several decades. Until now, the company relied primarily on local facilities and partners to coordinate its services. The new center will allow it to bring its equipment, technical teams, and field services closer to the oil companies operating in the country.

A logistics tool to reduce delays and costs

The opening of this center comes at a time when rapid equipment availability, local maintenance, and adherence to deadlines are crucial. In the hydrocarbons industry, transporting specialized equipment from Europe, Asia, or other regional bases can lengthen operational schedules and increase the costs of drilling, completion, or maintenance campaigns.

In Douala, Baker Hughes intends to provide more direct technological solutions, equipment, and field services to oil operators. The center is expected to support activities related to drilling, fluids, cementing, equipment maintenance, and certain technical services associated with wells.

Beyond Cameroon, the facility is intended to serve as a platform for the group's operations in the CEMAC region and the Democratic Republic of Congo. This positioning reinforces Douala's role as a regional logistics hub, due to its port, its industrial base, and its proximity to several oil basins in Central Africa.

This installation will obviously not, on its own, solve the structural challenges facing Cameroon's upstream oil sector. However, it can contribute to improving the operational environment for companies by reducing certain mobilization costs, shortening response times, and facilitating local access to specialized services.

An arrival in a pressurized oil sector

The timing is strategic. Cameroon's crude oil production continues its downward trend. It reached 19.374 million barrels in 2025, compared to 21.377 million barrels in 2024, confirming the gradual erosion of extracted volumes. This trend reflects the aging of several fields, dwindling reserves, a slowdown in exploration, and drilling activity that is still insufficient to sustainably reverse the downward trend.

Excellent news for TRP and its forthcoming drill.

https://www.investiraucameroun.com/gestion-publique/2906-23545-hydrocarbures-baker-hughes-ouvre-un-centre-a-douala-pour-accompagner-la-relance-petroliere-au-cameroun?utm_source=newsletter_11816&utm_medium=email&utm_campaign=investir-au-cameroun-22-06-2026

So someone who has been a member since March is not allowed an opinion.

I have held ECR shares for some time. Being negative on a Chairman is not trolling. It is called giving an opinion.

Do we all have to say Nick is doing a grand job ? Grow up.

I don't love having argumensta at all. I voice my opinion. It is called debate.

Nick needs to go at ECR and we need a proper Chairman and CEO who have mining experience

The current borad is weak as p*ss

A Chairman with zero mining background and 3 non ex Directors

Nick has to go and we need a proper Chairman and CEO with mining knowledge

"Chadwick and Shaffilitsky are the Laurel and Hardy of lifestyle companies"

They are such a great comedy act that they attract all the lunatic trolls every day

All the info you are looking for will be in the admission document due out very soon.

When you get all this info what will you moan about then ?

The Aussie market is small for such a product. The big markets are USA / Europe and Asia

As far as the product being too expensive to be esported you are just ignorant of the facts. A hidden agenda some would say

You are aware that these new shares dilute UPSA and AMG ?

97:3 is the split

Https://www.malcysblog.com/2026/06/oil-price-tower-seascape-petro-matad-and-finally/

Patience is a virtue and virtue is a grace as the old rhyme goes and Jeremy Asher and his team has it by the bucketload. Only yesterday I wrote this in the blog.

No further comment needed from me here, just go back to all the times in the past I have said that the Tower portfolio is exciting with huge potential in two of the most interesting post codes, is suffering from inevitable delays in approvals processes which as Jeremy Asher says are time consuming at the best of times.

Today I am delighted that Tower can announce the approval in Namibia and the farm-out which brings in Prime as an excellent partner goes ahead. Of course it means that the work programme offshore Namibia now goes ahead but I would bet that the company hasn’t been sitting around idly, let action commence.

So, one down and one to go, I for one am looking forward to seeing continued progress in both Namibia and Cameroon where Tower has multiple opportunities to deliver value for those patient shareholders…

The big trades like the 750 million yesterday are placing dumps.

Once these are cleared we go up

I watch this thread actively as I own a large slug of shares.

Why do you watch this thread like a hawk ?

Nobody has been led a merry dance by anyone. Patience is the key.

if you do hold shares and can't wait for the RTO to complete then sell up and move on

As soon as I post you respond within minutes

Clearly watching this thread like a hawk. You need psychiatric help fella

Get a life Spooky

I would rather follow the money that Directors put in at circa 7p than a trolling lunatic like you

TRP finally get Namibian farm out approval notice today after waiting 18 months

Tower Resources* (TRP LN) 0.018p, Market Cap £7.5m: Approval processes moving in right direction • Tower announced an update on the approval process for the farm-out transactions with Prime Global Energies in Cameroon and Namibia, as well as a subscription of 2,500m new shares at 0.016p/sh to raise £400k for working capital. • In Namibia, the Company is expecting the approval from the Minister any day, as the management is now in daily conversation with the Ministry following meetings with the Upstream Petroleum Unit of the Office of the Presidency. • In Cameroon, following the Prime Minister's intervention, Tower has been informed that the file has moved up to the Office of the Presidency for action, with a covering letter from the Prime Minister.

• The Company remains confident of the approvals outcome, and will update investors when it has more concrete news on either farm-out process. Tower announced a modest equity raise, as even if both farm-out agreements are completed in the course of July as it hopes, the Company could still be waiting several more weeks for the substantial further funding that those agreements will provide. We note that in both Cameroon and Namibia, the approval processes for the proposed farm-outs to Prime Global have been complicated by the Presidential elections in 2025, though work has continued to be undertaken in the background. In our view, the Company is approaching the end of the process to receive the necessary approvals in Cameroon and Namibia to bring in Prime Global Energies for minority non-operated interests in both the Thali and the PEL96 offshore licences. With Prime’s funding in place, the Tower should be able to drill the offshore NJOM-3 appraisal well in late 2026 at Njonji, which is expected to confirm the commerciality of the oil discovery and de-risk a future fast-track development. *SP Angel acts as Nominated Advisor and Corporate Broker to Tower Resources

Https://www.malcysblog.com/2026/06/oil-price-pharos-jadestone-angus-tower-buccaneer-and-finally/

No further comment needed from me here, just go back to all the times in the past I have said that the Tower portfolio is exciting with huge potential in two of the most interesting post codes, is suffering from inevitable delays in approvals processes which as Jeremy Asher says are time consuming at the best of times.

Mannan you saying "placing due" every weak of every month

Companies like TRP who have no production need to raise money to continue. If they can't place new shares how do they survive ? The magic money tree.

A placing now is irrelevant to the bigger prize.

"Celebrating Brexit which cost this country 8% of its GDP according to the experts."

These so called "experts" said if we dared to vote Brexit there would be a severe recession and 500,000 job losses within months.

Both never happened.

Most of these "experts" are arch remainers.

Brext by t he way has not been delivered properly. We are still tied to many EU laws and we should have left the ECHR on day 1

Https://find-and-update.company-information.service.gov.uk/company/14893437/filing-history

22 Jun 2026 Director's details changed for Mr William Linden Clift on 28 June 2023

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