Tower Resources Forum

however, this news should be issued by the company as it obviously affects timelines

would be a delay no doubt, probably a few weeks at least?

Interesting Miccon

i deliberately never posted as I thought I would be called a deramper I'm not, I'm a small PI who has invested for the first time on advice from my oldie mate, I'm here for the long run.

I don't know how long it would take to close down a drill and move the boat.

I posted on Monday asking if anybody new if the RR had moved. The reason I asked is because I got a text from an oldie saying that, the seabed collapsed at the drill. He also said that is bad for this drill but is a good sign as far as oil in the area is concerned. He also said that the RR would move and start another drill in the area.

Some people are talking about the supposed fact that 96% of the major oilstrikes have occurred in 4way dip closures, and that must have been the main reason why repsol came into the Picture. The inference is that only 4% major strikes occurr with the hit and miss methods!

Does anybody know if the RR has moved, is Marinetraffic good enough to show if it has moved?

It may just be that TRP wanted to give a signal to the Market putting the price of the new shares well above the current sp; who knows!

See that there has been na issue of equity at a price of over 5p to cover costs of services; the mere fact that they have been accepted at these prices sounds ok to me!