Member Info for Tonnacombe

Top of the leaders board! Go Tower

Just one MM .65 all the rest now on .7 on L2:)

Hi OMM, Have a degree in ocean exploration, (hydrographic based degree)Worked in oil and gas mainly Africa, seismic to be specific, on shore and offshore, still get over there quite a bit, as my wife’s family are in Uganda.
Offshore Africa is a good thing, way less corruption, some days were let’s say challenging in Africa with officialdom when working onshore. I just trade these days, multi bagger potential here, gla

Excellent news tonight regarding drill ship, clearly, the license extension was a lot more significant than most realised, looking forward to tomorrow, as for rocket, they often have a nasty habit of crashing and burning, btw as someone who took a big chunk in this placing (and the last) don’t think you can rely on placing shares for a cheap entry, as the flippers are done, only believers hold placing shares now imho. 90% cos, can’t wait

Excellent bit of research on the jack up oil man mike! Had a 7m top up today, that’s my worked buy showing at the end of the day, I spoke to my broker today (also TRP broker) and mentioned that the rig had been assigned to trp and status was on hire, within 20 minutes I’d received a call back from the floor manager to check I wasn’t inside on TRP, I had to convince him the information was in the public domain, anyway I’m sure you see what that suggests. Imho anyway

Rocket you don’t half come across as a complete and utter tool, if you sell just go and have some dignity ffs

Agreed Hydrogen, you beat me with your top up price though, I only managed 100k@11p good post btw

Latest blog trp get a mention

Tower Resources (TRP), another looking to drill soon, also is starting to firm up. I said a couple of times last year that this was a good buying opportunity under 0.4p. Now 0.53p, key of *******************************2020/01/rkh-pmo-88e-rre-bpc-pet-pvr-trp-lek-zen.html?m=1

You needed that (axm) to hit the 40p equivalent, this is a totally new company.
You remind me of the guy that prays to God everyday to win the lottery, eventually God comes to him and says, “at least meet me halfway and buy a blooming lottery ticket”
As the man said, think seriously about averaging down, if that’s not at all possible, fingers crossed we get there, quite possible imho.

https://www.marinetraffic.com/en/ais/home/centerx:9.675/centery:4.008/zoom:14

Just using peer comparisons, I know that’s not the whole story here, but the market will dictate value ultimately and prove who’s correct

1500 bopd at $18 is approximately equivalent to 500bopd at normal rates, imho the mcap of casp is now looking a bit toppy, perhaps if the other drills come in that’ll change, or approval to sell oil at market rates for the deeps

The point I took from the Cameroon valuation video was the 8000 bopd, I’m sure we can all come up with a few figures and comparisons elsewhere as to what that’ll make trp worth, Goodluck

Crew will be there already imho, just the hydrographer and perhaps a client rep, if using one, will be flying in, these guys will be last as the day rate can be as much as a thousand bucks a day

Perhaps firing off the air guns making sure the array timing is good, software working,!testing the seals etc, would vibrate the building’s if the tested alongside at port, don’t think long now, this week imho

Spud cans, they suck into the sea bed

Just sent this to a friend thinking of investing as a few useful links and a decent post, dawned on me perhaps some newer investors may not trawl back 7 pages either, so posted again.

curtesy of watermelon Have a look at #TRP - £4.3m market cap - recently raised £1.5m at 0.325p of which CEO Jeremy Asher took £700k, he's also invested a separate £410k at 1p earlier in the year. He now holds 27% of the company.

News on Cameroon farmout due soon where the chance of success for the drill is 80% and hope to produce 8,000 bopd by end of 2020. They are in significant discussions with several interested parties and hope to conclude the financing in the very near term. Asher has recently stated they will not be raising the funds for the drill via equity because the company is already undervalued as it is and diluting is not an option.

He also gave a $750k bridging loan to the company and has tied a royalty bonus to it so he must be confident of a farm out deal. He also has 166m warrants at 1p so is well incentivised to get a deal done for Cameroon and Namibia.

CAMEROON
"the Company is continuing farm-out discussions with multiple parties who are currently undertaking due diligence, and the Company is hoping to bring at least one of these discussions to a conclusion in the near future"

"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"

SOUTH AFRICA
"February 2019 announcement by Total of a 1 billion boe gas-condensate discovery at its Brulpadda well in the Outeniqua basin, on its Blocks 11B/12B in South Africa, which is immediately adjacent to the Company's 50%-owned Algoa-Gamtoos license"

The company are actively seeking farm out partners for Algoa-Gamtoos license in South Africa.

NAMIBIA
"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"

https://youtu.be/miGwKe6mAXA

https://youtu.be/deyMTQUbnVM

https://youtu.be/V-QsvbZIjyc

Also worth checking out their recent investor presentation from their website.

It was, just bought 20k there, that moved it :)

Loss gain, look at trp if oil and gas is your bag. Goodluck for the new year

If he doesn’t deliver the deal should have asded