#TRP -
🔹South Africa (50% interest) - updated analysis & volumetrics due this week for Algoa-Gamtoos license from New Age the operator.

🔹Namibia (80% interest) - blocks 1910A, 1911 & 1912B - Total drilling Venus well in the region which if a strike will see huge M&A action.
#TRP

🔹 Cameroon - (100% interest) - NJOM-3 well is drill ready (pending funding) with site survey complete.

🔹Recent placing for £1.25m @ 0.325p - fully funded for operations and more importantly paid off the death spiral loan facility from Shard Merchant cap.
#TRP

🔹 Warrants priced at a 100% premium at 0.65p with only 1 warrant per 3 placing share.

🔹MCAP currently sits at £6.2m but will swiftly get to £20m+ imo as newsflow ramps up on progress on 3 different fronts.
#TRP - South Africa 🇿🇦

Total recently had a major discovery adjacent to the Algoa-Gamtoos license in South Africa. Update on reprocessed 2D seismic data from New Age due at any moment. https://www.oilreviewafrica.com/exploration/exploration/africa-oil-announces-luiperd-1x-test-results-in-south-africa
#TRP - 🇿🇦 Cont...
Given Total’s recent success it’s no surprise a ‘number of well known companies have been reviewing the data room’ - once the update from New Age lands I anticipate a farm out to follow swiftly after - most likely in the form of none other than Total 🤯.
#TRP - Cameroon 🇨🇲
Discussions continue with potential farm out partners for the Thali licence and a substantial announcement is around the corner - NJOM-3 in the Thali Basin has 80% COS with potential output of 8,000 bopd.
#TRP 🇨🇲 Cont...

NJOM - 3.
“The Thali block has the potential to hold atleast 4 distinct play systems including 2 established plays in which 3 discovery wells have already been drilled on the block.” H/T @Alexios1201
#TRP - Namibia 🇳🇦
Blocks 1910A, 1911 & 1912B surrounded by none other than Exxon with Total currently drilling their Venus well in the region at present.
#TRP - 🇳🇦 Cont...
Drilling of the Venus well by Total is currently underway in Namibia. Should there be a discovery - M&A in the region will significantly ramp up - others like #GBP aswell as #TRP will see huge % increase in SP overnight - Farm outs will be a certainty.
Many thanks @rick_shares @Alexios1201 @smacker_aim @EliasJones01 @TopTradersADVFN as taken bits and pieces for the above from all. Very excited for #TRP over the next few weeks as newsflow kicks in. All the right catalysts for a potential 10 bagger. 😎
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