Tower Resources plc

Equities

TRP

GB00BZ6D6J81

Oil & Gas Exploration and Production

Market Closed - London S.E. Other stock markets 16:35:08 10/05/2024 BST			5-day change	1st Jan Change
0.019 ^GBX	-7.32%		-9.52%	-13.64%

02-15	Diversified Energy offers dividend alternative	AN
02-15	Tower Resources Plans Fundraising to Repay Energy Exploration Capital Partners Facility	MT

Tower Resources making new progress at Cameroon-based Thali project despite drill rig delays

April 28, 2023 at 06:32 pm

(via NewsDirect)

Tower Resources chairman and CEO Jeremy Asher joins Proactive's Natalie Stoberman with the latest updates on the Thali Production Sharing Contract in Cameroon.

Asher says he is very pleased with the progress despite delays from rig availability that have recently improved. He adds that the project's G&G work has adapted to focus on two objectives. These include further refining the company's understanding of the additional reservoir potential that was identified, and second, to refine the choice of well location for the NJOM-3 well drill target.

Contact Details

Proactive Investors

+1 604-688-8158

na-editorial@proactiveinvestors.com

Latest news about Tower Resources plc

Diversified Energy offers dividend alternative	02-15	AN
Tower Resources Plans Fundraising to Repay Energy Exploration Capital Partners Facility	02-15	MT
Seeing Machines revenue grows; Baron Oil strikes deal	02-08	AN
Tower Resources Receives Extension for Cameroon License	02-08	MT
Tower Resources Issues Shares to Energy Exploration Capital	01-04	MT
Tower Resources to Raise Funds for Oil Exploration Programs; Shares Drop	12-18	MT
Tower Resources Inks Rig Contract With Borr Drilling	12-18	MT
Tower Resources to Issue New Shares to Energy Exploration Capital Partners	12-07	MT
Tower Resources to issue 317.6 million shares to placee	04/10/23	AN
Tower Resources to Issue Shares on Investment Deed with Energy Exploration Capital Partners	04/10/23	MT
EARNINGS: Beacon Energy and Kefi Gold & Copper losses widen	29/09/23	AN
Tower Resources plc Reports Earnings Results for the Half Year Ended June 30, 2023	29/09/23	CI
Pendragon Chief Operating Officer Martin Casha to resign	07/07/23	AN
Tower Resources Plans Flow-Through Financing; Down 7.7%	29/06/23	MT
Tower Resources plc Auditor Raises 'Going Concern' Doubt	23/06/23	CI
Jangada Mines notes Blencowe's completion of test work	19/06/23	AN
Tower Resources swings to a loss with numerous headwinds	19/06/23	AN
Tower Resources plc Reports Earnings Results for the Full Year Ended December 31, 2022	19/06/23	CI
Tower Resources hails basin modelling results in Namibia	16/06/23	AN
Tower Resources CEO stake in company falls amid placing	31/05/23	AN
Tower Resources CEO and chair reduces stake to 7.2% from 16%	30/05/23	AN
FTSE 100 Closes Down Dragged by Oil Stocks; Vodafone Slips	16/05/23	DJ
Tower Resources shares plunge after discounted placing	16/05/23	AN
AIM WINNERS & LOSERS: Rurelec jumps on Argentinian assets sale	16/05/23	AN
Tower Resources Highlights Results From Hole at Lightning Zone; Plans Summer Drilling Program	10/05/23	MT

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Company Profile

Tower Resources plc is a United Kingdom-based independent oil and gas company. The Company operates oil and gas licenses with a focus on projects in Africa. The Company has operations in Cameroon, Namibia, South Africa, and Western Sahara. The Company, through its wholly owned subsidiary, holds 100% interest in the shallow-water Thali Production Sharing Contract (PSC) in the Rio del Rey basin, offshore Cameroon. The Thali PSC covers an area of approximately 119.2 square kilometers (km2), with water depths ranging from eight to 48 meters, and lies in the prolific Rio del Rey basin, in the eastern part of the Niger Delta. Through its wholly owned subsidiary, Tower Resources (Namibia) Limited, it has an 80% interest in Blocks 1910A, 1911 and 1912B. The blocks cover 23,297 km2 of the northern Walvis Basin and Dolphin Graben (offshore Namibia). The Company also holds a 50% interest in the Algoa-Gamtoos license offshore South Africa. The Algoa-Gamtoos license covers approximately 9,369 km2.

Sector

Oil & Gas Exploration and Production

Calendar

03/06/2024 - Q4 2023 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.00019 GBP

Average target price

0.0012 GBP

Spread / Average Target

+531.58%

Consensus

Annual profits - Rate of surprise

Company calendar

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