Tower Resources raises £0.55m to support work in Africa
17th Oct 2025 10:35
(Sharecast News) - Tower Resources announced on Friday that it has raised £0.55m through a discounted share subscription to support ongoing work commitments and data acquisition across its African oil and gas licences.
Read moreTower Resources expands bridge loan by £0.25m
1st Sep 2025 15:02
(Sharecast News) - Tower Resources announced on Monday that it has expanded its bridge loan facility by £250,000 to £1m to maintain working capital flexibility ahead of drilling the NJOM-3 well on the Thali license in Cameroon.
Read moreTower Resources expands bridge loan facility
1st Jul 2025 14:06
(Sharecast News) - Tower Resources announced on Tuesday that it has expanded its bridge loan facility by £0.25m to £0.75m. to provide additional working capital as it prepared to drill the NJOM-3 well on the Thali licence in Cameroon.
Read moreTower Resources issues letter of award to ADES affiliate
10th Jun 2025 09:30
(Sharecast News) - Oil and gas company Tower Resources said on that its Cameroonian subsidiary has issued a Letter of Award to ADES Holding affiliate Advanced Energy Systems for the provision of a jack-up rig to drill the NJOM-3 well on its Thali license in Q4.
Read moreTower Resources executes two big farm-out deals
10th Jan 2025 16:02
(Sharecast News) - Tower Resources announced on Friday that it has executed two significant farm-out agreements with Prime Global Energies, covering its Thali licence offshore Cameroon and PEL96 offshore Namibia.
Read moreTower Resources signs rig contract, announces fundraising
18th Dec 2023 13:56
(Sharecast News) - Africa-focussed oil and gas company Tower Resources announced a contract with Borr Drilling on Monday to secure the Norve jack-up rig for drilling operations on the Thali licence in Cameroon.
Read moreTower Resources reports solid progress at offshore Namibia licence
16th Jun 2023 10:36
(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on the progress of licence PEL 96 in Namibia on Friday, which includes offshore blocks 1910A, 1911, and 1912B.
Read moreTower Resources raises £1.5m for maintenance and work programmes
14th Jan 2022 14:32
(Sharecast News) - Africa-focussed oil and gas company Tower Resources raised £1.5m, it announced on Friday, to fund maintenance, planning and work programme costs across its portfolio.
Read moreTower finalises documentation for Thali farm-out
21st Sep 2021 11:42
(Sharecast News) - Africa-focussed oil and gas company Tower Resources announced on Tuesday that the documentation of its farm-out of a 49% non-operating working interest in its Thali Production Sharing Contract (PSC) in Cameroon to Beluga Energy, conducted through its wholly-owned subsidiary Tower Resources Cameroon, was now finalised.
Read moreTower Resources inks binding farm-out deal in Cameroon
10th Aug 2021 16:20
(Sharecast News) - Africa-focussed oil and gas company Tower Resources has executed a binding heads of agreement over a farm-out to Beluga Energy, of a 49% non-operating working interest in its Thali production sharing contract in Cameroon, it announced on Tuesday.
Read moreTower Resources upbeat on latest estimates at Algoa-Gamtoos
8th Feb 2021 11:52
(Sharecast News) - Africa-focussed oil and gas company Tower Resources announced on Monday that its subsidiary Rift Petroleum has received updated resource estimates from its 50% partner and licence operator New Age Energy Algoa.
Read moreTower shores up working capital as it works on Cameroon financing
1st Sep 2020 10:32
(Sharecast News) - Africa-focussed oil and gas company Tower Resources has agreed a six-month, $0.5m (£0.37m) loan facility with Shard Merchant Capital, it announced on Tuesday, along with an extension to its Pegasus loan facility and a subscription, to cover its working capital.
Read moreTower Resources upbeat on recent activity near Namibian blocks
28th Jul 2020 11:17
(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on activity at licence PEL 96 in Namibia on Tuesday, covering blocks 1910A, 1911 and 1912B.
Read moreTower Resources makes further progress on Thali farm-out
30th Jun 2020 09:47
(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on the farm-out process at the Thali production sharing contract (PSC) in Cameroon on Tuesday, which was being conducted through its wholly-owned subsidiary, Tower Resources Cameroon.
Read moreTower Resources narrows losses in preliminary results
10th Jun 2020 15:13
(Sharecast News) - Africa-focussed oil and gas company Tower Resources reported a narrowed loss before tax in its preliminary results on Wednesday, of $2.66m (£2.09m), compared to $3.82m in the prior year.
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