Member Info for Southmead

That originates from a statement by Jeremy Asher, Chairman & CEO of Tower Resources plc, in a news release published on the London Stock Exchange on 31 August 2025. That was 2 weeks ago now, so I agree, the President will sign soon and the situation will be clearer. The wait can be frustrating but we know that it is coming, so just settle back and get ready to enjoy the moment. Remember, NJOM-3 appraisal drill has a 80% COS, targeting 8,000 BOPD.

Thats, 8000bopd x 365 days x $70= $204.4million gross per annum. With TRP currently valued at only £10M, the SP is set to rocket.

I agree, I don't see a sharp drop in the SP if an RNS announcing Presidential approval, doesn't drop on Monday morning. I think that investors have settled in and taken a position based on the inevitability of the NJOM-3 well being drilled and the oil being found. Frustrating as it is, we are committed to a waiting game. There are obvious options available to JA regarding a substitute for Admarine 510 since the Addax situation has become clearer. No problem there, it is just a wait for approval. Prime are supportive with loan finance, albeit at exorbitant rates, but they are waiting too, because they are confident that the approval will come and that they will be in partnership with Tower to drill NJOM-3.

In fact, sacking Miliband would be a good way to signal to financial markets that Britain is finally serious about growth, says Simon French.

Https://www.telegraph.co.uk/news/2025/09/14/sleepwalking-into-net-zero-disaster-starmer-must-miliband/

Https://theoakbloke.substack.com/p/riton-triton-sqz-ing-has-its-risks

The AstraZeneca–Aptamer Group deal was announced in July 2024 and Arron Tolley said then, 'We are eager to advance to animal model testing'.

How is it going? Is news imminent, have commercial terms been agreed?

In August 2025, Saudi-based ADES International Holding announced a $380 million acquisition of Shelf Drilling. Once finalized expected today, ADES will take full ownership of Shelf Drilling’s fleet (including Shelf Drilling Victory). It will merge operations and operate a combined fleet of 83 jack-up rigs. Shelf Drilling's Victory will then be available for Tower Resources’ NJOM-3 drilling campaign.

Nothing to do with the granting of oil licenses and approvals. Things will all be resolved for Tower long before the October elections.

Https://aptamergroup.com/new-contract-with-metir-plc/

'This must be deeply frustrating for Serica and that is emphasised by the fact that they have not offered a comment from the CEO, viz. if you can’t say anything nice don’t say anything at all. I know that this doesn’t change the investment thesis and only pushes back production rather than reduce value but at this level it’s not good enough.

On the big picture I can suspect that whilst this is not the same issue as before, and should be a relatively swift mechanical fix, it cannot have helped relationships with the operator and therefore all options with Dana/KNOC must be being looked at going forward.

Having said that, we are talking about a major North Sea development which still has significant value and wont move my valuation needle noticeably. Given there should be only a very short term impact of the current outage, the shares look highly oversold today, and the company is still highly attractive and deserves its place in the Bucket List.'

The article just shows how competitive the business is. Aptamer Group has been working with Neuro-Bio to develop diagnostics based on a different biomarker called T14. At the moment the two research projects are competing, but Optimer tech could potentially help or complement the UCL study.

Hopefully, the T14 biomarker targeted by Optimer binders could allow diagnosis even earlier than p-tau217. Lets hope.

Makes you feel like knocking their heads together, really frustrating

Yes, that is a very informative article, thank you Nibor much appreciated.

That was a great days trading for Tower. To go up 10% and trade above .004 is a strong endorsement by the market that news is imminent and that it will be positive. I am not saying that the ship is leaky and that people have got an inside line, I am saying that positive sentiment is strong and that positive sentiment is usually right. I expect news that the president of Camaroon has signed the documentation and that the farm out agreements have been approved. That means loads of money in the bank for Tower and the go ahead to drill Njom-3 with its 80% chance of success and its 8000 BOPD expectation. Get onboard, the train is leaving the station. :)

SP Angel remains bullish, maintaining its ‘Speculative Buy’ rating with a target price of 0.12p, over 300% above current levels

I suspect that there might well be share purchases by other members of the senior management team over the next few days now that the Chairman has lead the way.

I would say that Adam Hargreaves purchase is safe because it is simply 30 calendar days before the announcement of any scheduled update which will contain price sensitive info, or year-end financial report.

An enormous vote of confidence and a significant investment indicator to anyone waivering.

I have filtered three negative, hostile, non-contributors to this board and the result is a much more pleasant forum.

So my advice is, don't argue and give these people an audience, just filter them :)

North Sea energy would help Reeves fill her black hole

Sir Keir Starmer tried to move Ed Miliband out of his energy brief and into the housing department but the former Labour leader refused, it has been claimed.

https://www.msn.com/en-gb/news/uknews/miliband-refused-to-leave-energy-brief-in-reshuffle/ar-AA1M728y?ocid=msedgntp&pc=EDGEDSE&cvid=68bec6e6f652479f930401903b57dd10&ei=38

Thank you Dennis, I didn't know that.