Tower Resources in talks with oil major over Namibia blocks
3rd Oct 2019 10:42
(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on the latest activity on blocks 1910A, 1911 and 1912B in Namibia on Thursday.
Read moreTower Resources seeking to extend bridging loan facility
1st Oct 2019 15:11
(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on its bridging loan facility of $0.75m on Tuesday, which it had first announced on 16 April.
Read moreTower Resources looking at financing options for Thali drilling
21st Jun 2019 09:35
(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on the financing of its Cameroon operation, and announced its intention to raise gross proceeds of around £0.15m through a subscription of approximately 15 million new ordinary shares at a price of 1p each on Friday.
Read moreTower Resources flags slight delay to drilling on NJOM3
8th May 2019 13:49
(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on operations on the Thali block in Cameroon on Wednesday, reiterating that it was in the final stages of planning the NJOM3 well, which would be drilled to a total depth of 1,100 metres.
Read moreTower Resources signs contract for jack-up rig in Cameroon
7th Dec 2018 08:43
(Sharecast News) - Africa-focussed oil and gas company Tower Resources announced on Friday that its wholly-owned subsidiary, Tower Resources Cameroon, has signed a contract with Vantage Drilling International for the Topaz Driller jack-up rig to provide drilling operations for the NJOM-3 well.
Read moreTower Resources moving forward after Thali reserves report
1st Nov 2018 09:18
(Sharecast News) - Africa-focussed oil and gas company Tower Resources announced the results of an independent reserves report on Thursday, across its Thali licence, offshore Cameroon, in which it held a 100% licence interest.
Read moreTower Resources and operator seek farm-out partner at Algoa-Gamtoos
21st Sep 2018 11:28
(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on its Algoa-Gamtoos licence in South Africa, in which it holds a 50% interest through its wholly-owned subsidiary Rift Petroleum, together with the operator New Age Energy Algoa, on Friday.
Read moreTower Resources makes solid progress on Thali licence
20th Aug 2018 13:09
(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on its operations at the Thali licence in Cameroon, conducted through its wholly-owned subsidiary Tower Resources Cameroon, on Monday, confirming that it has completed its environmental and social impact assessment (ESIA).
Read moreTower Resources offloads interests in disputed Western Sahara
24th Jan 2017 11:47
(ShareCast News) - Africa-focused oil and gas exploration company Tower Resources announced the completion of the sale of its wholly owned subsidiary, Comet Petroleum, to privately held oil and gas exploration company Red Rio Petroleum on Tuesday. The AIM-traded firm said Red Rio is purchasing Comet
Read moreTower Resources raises £1m in placing
8th Sep 2016 08:37
(ShareCast News) - Africa-focused oil and gas exploration company Tower Resources announced on Thursday that it has successfully placed 45,919,084 new ordinary shares, and raised gross proceeds totaling £1.03m at a placing price of 2.25p per share. The AIM-traded firm said that as part of the placin
Read moreTower Resources pulls out of SAfrica deep water project
16th Feb 2016 09:42
(ShareCast News) - AIM-listed Africa-focused oil and gas explorer Tower Resources said it had pulled out of the South West Basin joint venture it had entered with New African Global Energy to focus on "a more balanced portfolio of proven and emerging basins". Tower said New African would reimburse i
Read moreTower Resources signs Cameroon oil and gas exploration deal
16th Sep 2015 16:07
(ShareCast News) - Tower Resources has signed a seven year offshore oil and gas exploration deal with the Cameroon government. Tower Resources chief executive Graeme Thomson said the deal on the Thali exploration block "marks a shift in our risk profile from frontier to proven basins and introduces
Read moreTower Resources raises £5.2m in share placing to finance Cameroon acquisition
15th Jul 2015 10:31
(ShareCast News) - Oil and gas explorer Tower Resources has raised £5.2m via a share placing to finance the acquisition of the Thali production sharing deal in Cameroon. The London-listed group said it has raised the funds via the issue of 2.74bn shares priced at 0.19p each. In a short statement re
Read moreTower Resources plunges on latest well result in Namibia
13th Jun 2014 13:08
Shares in Tower Resources plunged on Friday after the oil and gas group's subsidiary, Neptune Petroleum, revealed that no hydrocarbons were encountered while drilling the Welwitschia-1A well. Drilling on Welwitschia-1A, which is located offshore Namibia, has been behind schedule following both the
Read moreFriday broker round-up UPDATE
13th Jun 2014 09:23
African Minerals: Deutsche Bank reduces target price from 316p to 249p maintaining a buy recommendation. Atkins: Numis ups target price from 1650p to 1700p and keeps a buy recommendation. JP Morgan reduces target price from 1619p to 1548p and reiterates its overweight rating. Ferrexpo: Deutsche Ba
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