Tower Resources Forum

re:- DRILLING and oil lol

As far as I know, the RR is on a multiyear contract with Repsol so if promising results are being obtained it could be that more drilling in the licence in Walvisbay could be attractive to do before RR leaves for other Repsol operations.

As well as the fun I am having watching the share price action in an upwards direction (about time) it is very entertaining seeing a poster on LSE being pointedly ignored by everyone else on the bb. She (he) must have pi**ed a lot of them off, haha!

How is L2 looking please

Ignorance is a bliss. I am a rookie on this green as an apple. stress free... because I have no idea of whats happening

Bloodaxe - This one may well fund a lot of new cars mate. Fingers crossed, bu as you say it's looking good so far!

The questions to answer for me as a shareholder in TRP are quite simple: What do I consider the chance of a duster, and what is the underlaying value of TRP in case of a duster with the current drill. The answer to the first question is that I consider the risk of a duster small (below 30%). The guess for the underlaying value of TRP in case of a duster is still well above 1 p.so not too bad at all imo. Keep sailing and decide before the end of this week with how many shares I will be waking up on Monday!

I wonder when the shorters are getting cold feet!

Tower Resources plc third attempt to help confirm the existence of 496 million barrels of oil equivalent resources. By Broker Recommendations And Tips News Published: Monday, 9 June 2014 22:12

I think that in case of a strike we will be looking at both gás and light oil and the presence of both can delay or lower the speed of drilling imo.