Tower Resources Forum

IMO the most importante facts from the recente RNS are that TRP is continue to hold 30% in the drill, and that they have spread the risks and so reduced the fall of sp in the event of a duster. Worth noting that there is talk about a 4 in 1 drill so the prospects are looking very good indeed.

If the data room is poor surely REPSOL would have pulled he plug before committing millions to a high tech drill; sou ds like solid deramping imo.

The main reason imo why the TRP horse is not dead on its feet yet is the presence of REPSOL as operator using really the best techniques and the most up to date drillship; there is simply no comparison with HRT because there is a feeling that they missed the boat by not drilling deeper.

After having a coffee I must agree that the BOD is doing a very good job in funding and increasing the scope of TRP and of course the Market is not wasting anytime to provoke a tree shake; hold tight!

A combination of fear, greed, computer commanded trading plus a possible effort from farm in candidates is trying to push the sp down as much as they can of course in the company of the shorters. It is only a breeze over we normals do not have ANY control. Any action at the moment is risky. I foresee a placing for existing shareholders soon.

Irt is obvious imo that the sp is being controlled but I do find it quite healthy because it induces people to stay on rather than thinking about topslicing at 12p; by the way who would buy the shares at these prespud prices.. a bit of wishful thinking.

All I know is that REPSOL is very tight lipped with huge experiences in Latin América and they will not release any News during the drill.Repsol shares are climbing slowly to 19,00 euro. Have a good weekend!

I use a Backblerry as well.......LOL

everyone just needs to relax, if youre scared then cash in because its clearly not disposable income, and regardless of what sort of money is in it, even if it is a duster you need to be able to look back and say that youd do it again because it was the right thing to be involved. But just stop moaning, nobody wants to hear it!

In British English, a billion used to be equivalent to a million million (i.e. 1,000,000,000,000), while in American English it has always equated to a thousand million (i.e. 1,000,000,000). British English has now adopted the American figure, though, so that a billion equals a thousand million in both varieties of English. The same sort of change has taken place with the meaning of trillion. In British English, a trillion used to mean a million million million (i.e. 1,000,000,000,000,000,000). Nowadays, it's generally held to be equivalent to a million million (1,000,000,000,000), as it is in American English.