Proactiveinvestors United Kingdom Tower Resources PLC https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Tower Resources PLC RSS feed en Wed, 20 Nov 2019 15:32:28 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) Tower Resources discussing Namibia co-operation as Cameroon drilling nears https://www.proactiveinvestors.co.uk/companies/news/219900/tower-resources-discussing-namibia-co-operation-as-cameroon-drilling-nears-219900.html Fri, 01 Nov 2019 08:46:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/219900/tower-resources-discussing-namibia-co-operation-as-cameroon-drilling-nears-219900.html Tower Resources signs contract for site survey ahead of Cameroon drilling https://www.proactiveinvestors.co.uk/companies/news/906103/tower-resources-signs-contract-for-site-survey-ahead-of-cameroon-drilling-906103.html Fri, 01 Nov 2019 07:48:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/906103/tower-resources-signs-contract-for-site-survey-ahead-of-cameroon-drilling-906103.html Tower Resources unveils restructuring of bridging loan facility, around £1.5mln placing and subscription https://www.proactiveinvestors.co.uk/companies/news/904797/tower-resources-unveils-restructuring-of-bridging-loan-facility-around-15mln-placing-and-subscription-904797.html Tue, 15 Oct 2019 06:45:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/904797/tower-resources-unveils-restructuring-of-bridging-loan-facility-around-15mln-placing-and-subscription-904797.html 'Major oil firm' expresses interest in Tower Resources' Namibian assets https://www.proactiveinvestors.co.uk/companies/news/904185/-major-oil-firm--expresses-interest-in-tower-resources--namibian-assets-904185.html Fri, 04 Oct 2019 11:58:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/904185/-major-oil-firm--expresses-interest-in-tower-resources--namibian-assets-904185.html Tower Resources advances possible co-operation with international oil major https://www.proactiveinvestors.co.uk/companies/news/904065/tower-resources-advances-possible-co-operation-with-international-oil-major-904065.html Thu, 03 Oct 2019 06:15:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/904065/tower-resources-advances-possible-co-operation-with-international-oil-major-904065.html Tower Resources continues to work on bridge loan extension https://www.proactiveinvestors.co.uk/companies/news/903851/tower-resources-continues-to-work-on-bridge-loan-extension-903851.html Tue, 01 Oct 2019 06:42:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/903851/tower-resources-continues-to-work-on-bridge-loan-extension-903851.html Tower Resources' Jeremy Asher upbeat on Cameroon farmout discussions https://www.proactiveinvestors.co.uk/companies/news/902586/tower-resources--jeremy-asher-upbeat-on-cameroon-farmout-discussions-902586.html Thu, 12 Sep 2019 12:01:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/902586/tower-resources--jeremy-asher-upbeat-on-cameroon-farmout-discussions-902586.html Tower Resources halves interim loss amid farm-out interest for Njonji-3 well https://www.proactiveinvestors.co.uk/companies/news/902473/tower-resources-halves-interim-loss-amid-farm-out-interest-for-njonji-3-well-902473.html Wed, 11 Sep 2019 09:03:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/902473/tower-resources-halves-interim-loss-amid-farm-out-interest-for-njonji-3-well-902473.html Tower Resources switches rig hire contracts for the Thali block https://www.proactiveinvestors.co.uk/companies/news/901601/tower-resources-switches-rig-hire-contracts-for-the-thali-block-901601.html Wed, 28 Aug 2019 06:26:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/901601/tower-resources-switches-rig-hire-contracts-for-the-thali-block-901601.html Tower Resources Plc extends bridging loan as farm-out deal looms https://www.proactiveinvestors.co.uk/companies/news/224694/tower-resources-plc-extends-bridging-loan-as-farm-out-deal-looms-224694.html Tue, 30 Jul 2019 06:44:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/224694/tower-resources-plc-extends-bridging-loan-as-farm-out-deal-looms-224694.html Tower Resources says successful in appeal against an HMRC decision to deny it credit for input VAT https://www.proactiveinvestors.co.uk/companies/news/223584/tower-resources-says-successful-in-appeal-against-an-hmrc-decision-to-deny-it-credit-for-input-vat-223584.html Tue, 09 Jul 2019 09:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/223584/tower-resources-says-successful-in-appeal-against-an-hmrc-decision-to-deny-it-credit-for-input-vat-223584.html Tower Resources raises £150k, hopes to wrap up financing discussions for NJOM-3 well ‘soon’ https://www.proactiveinvestors.co.uk/companies/news/222561/tower-resources-raises-150k-hopes-to-wrap-up-financing-discussions-for-njom-3-well-soon-222561.html Fri, 21 Jun 2019 06:45:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/222561/tower-resources-raises-150k-hopes-to-wrap-up-financing-discussions-for-njom-3-well-soon-222561.html Tower Resources looks forward to progress in ‘crucial’ 2019 https://www.proactiveinvestors.co.uk/companies/news/221462/tower-resources-looks-forward-to-progress-in-crucial-2019-221462.html Tue, 04 Jun 2019 08:04:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/221462/tower-resources-looks-forward-to-progress-in-crucial-2019-221462.html Tower Resources to conduct extra pre-drill preparation for NJOM3 well https://www.proactiveinvestors.co.uk/companies/news/219848/tower-resources-to-conduct-extra-pre-drill-preparation-for-njom3-well-219848.html Wed, 08 May 2019 06:33:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219848/tower-resources-to-conduct-extra-pre-drill-preparation-for-njom3-well-219848.html Tower Resources sees May spud date for key Cameroon well https://www.proactiveinvestors.co.uk/companies/news/218677/tower-resources-sees-may-spud-date-for-key-cameroon-well-218677.html Tue, 16 Apr 2019 07:31:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/218677/tower-resources-sees-may-spud-date-for-key-cameroon-well-218677.html Tower Resources’ Algoa-Gamtoos prospects boosted as Total opens up world class discovery next door https://www.proactiveinvestors.co.uk/companies/news/214236/tower-resources-algoa-gamtoos-prospects-boosted-as-total-opens-up-world-class-discovery-next-door-214236.html Fri, 08 Feb 2019 07:33:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/214236/tower-resources-algoa-gamtoos-prospects-boosted-as-total-opens-up-world-class-discovery-next-door-214236.html Tower Resources chairman Jeremy Asher presents to investors at Oil Capital https://www.proactiveinvestors.co.uk/companies/news/312077/tower-resources-chairman-jeremy-asher-presents-to-investors-at-oil-capital-12077.html Fri, 01 Feb 2019 08:41:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/312077/tower-resources-chairman-jeremy-asher-presents-to-investors-at-oil-capital-12077.html Tower Resources to raise £1.7mln to support upcoming Cameroon drill programme https://www.proactiveinvestors.co.uk/companies/news/213235/tower-resources-to-raise-17mln-to-support-upcoming-cameroon-drill-programme-213235.html Thu, 24 Jan 2019 08:22:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/213235/tower-resources-to-raise-17mln-to-support-upcoming-cameroon-drill-programme-213235.html Tower Resources hires rig contractor for 2019 well programme in Cameroon https://www.proactiveinvestors.co.uk/companies/news/210751/tower-resources-hires-rig-contractor-for-2019-well-programme-in-cameroon-210751.html Fri, 07 Dec 2018 07:48:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/210751/tower-resources-hires-rig-contractor-for-2019-well-programme-in-cameroon-210751.html Tower Resources secures new “exciting” exploration acreage offshore Namibia https://www.proactiveinvestors.co.uk/companies/news/208705/tower-resources-secures-new-exciting-exploration-acreage-offshore-namibia-208705.html Wed, 07 Nov 2018 07:54:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/208705/tower-resources-secures-new-exciting-exploration-acreage-offshore-namibia-208705.html 'Christmas comes early' for Tower Resources as reserves report beats expectations https://www.proactiveinvestors.co.uk/companies/news/311100/-christmas-comes-early-for-tower-resources-as-reserves-report-beats-expectations-11100.html Mon, 05 Nov 2018 12:36:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/311100/-christmas-comes-early-for-tower-resources-as-reserves-report-beats-expectations-11100.html Tower Resources surges as it releases reserves report for Thali licence https://www.proactiveinvestors.co.uk/companies/news/208310/tower-resources-surges-as-it-releases-reserves-report-for-thali-licence-208310.html Thu, 01 Nov 2018 09:15:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/208310/tower-resources-surges-as-it-releases-reserves-report-for-thali-licence-208310.html Tower Resources "very pleased" with outcomes so far in 2018 https://www.proactiveinvestors.co.uk/companies/news/205954/tower-resources-very-pleased-with-outcomes-so-far-in-2018-205954.html Fri, 28 Sep 2018 07:50:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/205954/tower-resources-very-pleased-with-outcomes-so-far-in-2018-205954.html Tower Resources launches South Africa partnering process https://www.proactiveinvestors.co.uk/companies/news/205404/tower-resources-launches-south-africa-partnering-process-205404.html Fri, 21 Sep 2018 06:38:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/205404/tower-resources-launches-south-africa-partnering-process-205404.html Tower Resources set to extend Thali licence for a year https://www.proactiveinvestors.co.uk/companies/news/204992/tower-resources-set-to-extend-thali-licence-for-a-year-204992.html Mon, 17 Sep 2018 06:33:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/204992/tower-resources-set-to-extend-thali-licence-for-a-year-204992.html Tower Resources Plc - Oil Capital Conference https://www.proactiveinvestors.co.uk/companies/news/310393/tower-resources-plc---oil-capital-conference-10393.html Fri, 07 Sep 2018 07:43:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/310393/tower-resources-plc---oil-capital-conference-10393.html Tower Resources looks forward to September reserves report for Thali https://www.proactiveinvestors.co.uk/companies/news/203196/tower-resources-looks-forward-to-september-reserves-report-for-thali-203196.html Mon, 20 Aug 2018 06:29:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/203196/tower-resources-looks-forward-to-september-reserves-report-for-thali-203196.html Tower Resources boss hails “substantial progress” made in 2017 as he eyes drilling at Thali https://www.proactiveinvestors.co.uk/companies/news/196533/tower-resources-boss-hails-substantial-progress-made-in-2017-as-he-eyes-drilling-at-thali-196533.html Tue, 08 May 2018 07:21:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/196533/tower-resources-boss-hails-substantial-progress-made-in-2017-as-he-eyes-drilling-at-thali-196533.html Tower Resources hires Oilfield International to assess Thali reserves https://www.proactiveinvestors.co.uk/companies/news/194590/tower-resources-hires-oilfield-international-to-assess-thali-reserves-194590.html Tue, 10 Apr 2018 06:39:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/194590/tower-resources-hires-oilfield-international-to-assess-thali-reserves-194590.html Tower Resources issues share warrants to directors https://www.proactiveinvestors.co.uk/companies/news/189371/tower-resources-issues-share-warrants-to-directors-189371.html Tue, 02 Jan 2018 07:29:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/189371/tower-resources-issues-share-warrants-to-directors-189371.html Tower Resources advances preparations for Thali project drill campaign https://www.proactiveinvestors.co.uk/companies/news/188564/tower-resources-advances-preparations-for-thali-project-drill-campaign-188564.html Mon, 11 Dec 2017 08:06:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/188564/tower-resources-advances-preparations-for-thali-project-drill-campaign-188564.html Tower Resources hires contractor as it advances Thali exploration project https://www.proactiveinvestors.co.uk/companies/news/188023/tower-resources-hires-contractor-as-it-advances-thali-exploration-project-188023.html Thu, 30 Nov 2017 07:37:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/188023/tower-resources-hires-contractor-as-it-advances-thali-exploration-project-188023.html Tower Resources chief takes heart from E&P upturn https://www.proactiveinvestors.co.uk/companies/news/187600/tower-resources-chief-takes-heart-from-ep-upturn-187600.html Tue, 21 Nov 2017 14:05:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/187600/tower-resources-chief-takes-heart-from-ep-upturn-187600.html Tower Resources' Jeremy Asher on the tantalising opportunities in Cameroon https://www.proactiveinvestors.co.uk/companies/news/308382/tower-resources-jeremy-asher-on-the-tantalising-opportunities-in-cameroon-8382.html Fri, 17 Nov 2017 08:40:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/308382/tower-resources-jeremy-asher-on-the-tantalising-opportunities-in-cameroon-8382.html Tower Resources gets back to work at Thali after placing https://www.proactiveinvestors.co.uk/companies/news/187015/tower-resources-gets-back-to-work-at-thali-after-placing-187015.html Thu, 09 Nov 2017 10:43:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/187015/tower-resources-gets-back-to-work-at-thali-after-placing-187015.html Tower Resources to push on with Cameroon development after fund raise https://www.proactiveinvestors.co.uk/companies/news/186990/tower-resources-to-push-on-with-cameroon-development-after-fund-raise-186990.html Thu, 09 Nov 2017 07:41:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/186990/tower-resources-to-push-on-with-cameroon-development-after-fund-raise-186990.html Tower Resources ready to advance exploration of Thali block https://www.proactiveinvestors.co.uk/companies/news/185331/tower-resources-ready-to-advance-exploration-of-thali-block-185331.html Tue, 10 Oct 2017 07:33:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/185331/tower-resources-ready-to-advance-exploration-of-thali-block-185331.html Tower Resources “weathered the storm” in first half https://www.proactiveinvestors.co.uk/companies/news/184851/tower-resources-weathered-the-storm-in-first-half-184851.html Fri, 29 Sep 2017 14:09:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/184851/tower-resources-weathered-the-storm-in-first-half-184851.html Tower Resources launches open offer to ease financial pressures https://www.proactiveinvestors.co.uk/companies/news/180896/tower-resources-launches-open-offer-to-ease-financial-pressures-180896.html Fri, 14 Jul 2017 07:11:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/180896/tower-resources-launches-open-offer-to-ease-financial-pressures-180896.html Tower Resources eases financial pressures with £180,000 fundraise and stripped-down cost base https://www.proactiveinvestors.co.uk/companies/news/180150/tower-resources-eases-financial-pressures-with-180000-fundraise-and-stripped-down-cost-base-180150.html Fri, 30 Jun 2017 14:03:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/180150/tower-resources-eases-financial-pressures-with-180000-fundraise-and-stripped-down-cost-base-180150.html Tower Resources shares suspended amid financial uncertainty https://www.proactiveinvestors.co.uk/companies/news/177708/tower-resources-shares-suspended-amid-financial-uncertainty-177708.html Fri, 12 May 2017 07:50:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/177708/tower-resources-shares-suspended-amid-financial-uncertainty-177708.html Tower Resources completes sale of Western Sahara business https://www.proactiveinvestors.co.uk/companies/news/172091/tower-resources-completes-sale-of-western-sahara-business-172091.html Tue, 24 Jan 2017 08:22:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/172091/tower-resources-completes-sale-of-western-sahara-business-172091.html Tower Resources unveils board changes as part of cost-cutting https://www.proactiveinvestors.co.uk/companies/news/168196/tower-resources-unveils-board-changes-as-part-of-cost-cutting-168196.html Fri, 28 Oct 2016 07:18:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/168196/tower-resources-unveils-board-changes-as-part-of-cost-cutting-168196.html Tower Resources launches open offer to take new funding up to £1.5mln https://www.proactiveinvestors.co.uk/companies/news/166816/tower-resources-launches-open-offer-to-take-new-funding-up-to-15mln-166816.html Mon, 03 Oct 2016 06:47:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/166816/tower-resources-launches-open-offer-to-take-new-funding-up-to-15mln-166816.html Tower Resources raises new capital as Cameroon farm-out advances https://www.proactiveinvestors.co.uk/companies/news/163629/tower-resources-raises-new-capital-as-cameroon-farm-out-advances-163629.html Thu, 08 Sep 2016 06:34:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/163629/tower-resources-raises-new-capital-as-cameroon-farm-out-advances-163629.html Tower Resources focuses on near-term opportunity in South Africa https://www.proactiveinvestors.co.uk/companies/news/122564/tower-resources-focuses-on-near-term-opportunity-in-south-africa-122564.html Tue, 16 Feb 2016 12:33:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/122564/tower-resources-focuses-on-near-term-opportunity-in-south-africa-122564.html Tower Resources shifts risk profile with Cameroon licence https://www.proactiveinvestors.co.uk/companies/news/116024/tower-resources-shifts-risk-profile-with-cameroon-licence-116024.html Fri, 09 Oct 2015 07:25:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/116024/tower-resources-shifts-risk-profile-with-cameroon-licence-116024.html Tower Resources exits Kenya, confident its portfolio reboot will deliver https://www.proactiveinvestors.co.uk/companies/news/111289/tower-resources-exits-kenya-confident-its-portfolio-reboot-will-deliver-111289.html Wed, 30 Sep 2015 08:24:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/111289/tower-resources-exits-kenya-confident-its-portfolio-reboot-will-deliver-111289.html Tower Resources shifts risk profile with Cameroon licence https://www.proactiveinvestors.co.uk/companies/news/110837/tower-resources-shifts-risk-profile-with-cameroon-licence-110837.html Wed, 16 Sep 2015 13:11:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/110837/tower-resources-shifts-risk-profile-with-cameroon-licence-110837.html Recapitalised Tower Resources hailed by City broker https://www.proactiveinvestors.co.uk/companies/news/109476/recapitalised-tower-resources-hailed-by-city-broker-109476.html Wed, 29 Jul 2015 14:49:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/109476/recapitalised-tower-resources-hailed-by-city-broker-109476.html Tower Resources could be worth double, GMP says https://www.proactiveinvestors.co.uk/companies/news/109216/tower-resources-could-be-worth-double-gmp-says-109216.html Tue, 21 Jul 2015 15:01:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/109216/tower-resources-could-be-worth-double-gmp-says-109216.html Tower Resources CEO confident of success in Cameroon and Namibia https://www.proactiveinvestors.co.uk/companies/news/303954/tower-resources-ceo-confident-of-success-in-cameroon-and-namibia-3954.html Thu, 16 Jul 2015 15:37:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/303954/tower-resources-ceo-confident-of-success-in-cameroon-and-namibia-3954.html Tower Resources bags £5.2mln in oversubscribed placing https://www.proactiveinvestors.co.uk/companies/news/109010/tower-resources-bags-52mln-in-oversubscribed-placing-109010.html Wed, 15 Jul 2015 07:32:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/109010/tower-resources-bags-52mln-in-oversubscribed-placing-109010.html Tower Resources sees Kenyan stake increase as Premier Oil exits https://www.proactiveinvestors.co.uk/companies/news/107489/tower-resources-sees-kenyan-stake-increase-as-premier-oil-exits-107489.html Thu, 28 May 2015 13:42:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/107489/tower-resources-sees-kenyan-stake-increase-as-premier-oil-exits-107489.html Tower Resources continues to explore opportunities https://www.proactiveinvestors.co.uk/companies/news/106864/tower-resources-continues-to-explore-opportunities-106864.html Mon, 18 May 2015 07:13:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/106864/tower-resources-continues-to-explore-opportunities-106864.html Tower Resources’ 400% rebound suggests the explorer may have bottomed-out https://www.proactiveinvestors.co.uk/companies/news/67538/tower-resources-400-rebound-suggests-the-explorer-may-have-bottomed-out-78746.html Fri, 27 Mar 2015 10:09:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/67538/tower-resources-400-rebound-suggests-the-explorer-may-have-bottomed-out-78746.html Tower Resources to seek new deals https://www.proactiveinvestors.co.uk/companies/news/67237/tower-resources-to-seek-new-deals-78426.html Thu, 19 Mar 2015 06:42:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/67237/tower-resources-to-seek-new-deals-78426.html UPDATE - Tower Resources’ Badada exploration well was unsuccessful https://www.proactiveinvestors.co.uk/companies/news/66442/update-tower-resources-badada-exploration-well-was-unsuccessful-77539.html Mon, 23 Feb 2015 13:13:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/66442/update-tower-resources-badada-exploration-well-was-unsuccessful-77539.html Tower Resources says Badada-1 passes 3,370 metres https://www.proactiveinvestors.co.uk/companies/news/66331/tower-resources-says-badada-1-passes-3370-metres-77417.html Wed, 18 Feb 2015 12:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/66331/tower-resources-says-badada-1-passes-3370-metres-77417.html Tower Resources says drilling has started on "potential play-opener" https://www.proactiveinvestors.co.uk/companies/news/65088/tower-resources-says-drilling-has-started-on-potential-play-opener-76008.html Wed, 07 Jan 2015 15:17:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/65088/tower-resources-says-drilling-has-started-on-potential-play-opener-76008.html Tower Resources boosts corporate team https://www.proactiveinvestors.co.uk/companies/news/64818/tower-resources-boosts-corporate-team--75716.html Tue, 23 Dec 2014 06:23:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/64818/tower-resources-boosts-corporate-team--75716.html Tower Resources strikes money saving deal with Repsol https://www.proactiveinvestors.co.uk/companies/news/64731/tower-resources-strikes-money-saving-deal-with-repsol-75614.html Fri, 19 Dec 2014 07:20:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/64731/tower-resources-strikes-money-saving-deal-with-repsol-75614.html Tower Resources – Badada drilling to go ahead in early January https://www.proactiveinvestors.co.uk/companies/news/64498/tower-resources-badada-drilling-to-go-ahead-in-early-january-75341.html Fri, 12 Dec 2014 06:44:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/64498/tower-resources-badada-drilling-to-go-ahead-in-early-january-75341.html Tower Resources - Badada well preparations can continue https://www.proactiveinvestors.co.uk/companies/news/64024/tower-resources-badada-well-preparations-can-continue-74809.html Thu, 27 Nov 2014 11:45:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/64024/tower-resources-badada-well-preparations-can-continue-74809.html Badada-1 halted by temporary injunction reportsTower Resources https://www.proactiveinvestors.co.uk/companies/news/63707/badada-1-halted-by-temporary-injunction-reportstower-resources-74449.html Tue, 18 Nov 2014 06:37:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/63707/badada-1-halted-by-temporary-injunction-reportstower-resources-74449.html Tower Resources rally continues as investors look forward to Kenya drilling https://www.proactiveinvestors.co.uk/companies/news/62559/tower-resources-rally-continues-as-investors-look-forward-to-kenya-drilling-73095.html Thu, 09 Oct 2014 10:54:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/62559/tower-resources-rally-continues-as-investors-look-forward-to-kenya-drilling-73095.html Tower Resources rises as spudding of "potential play-opener" moves closer https://www.proactiveinvestors.co.uk/companies/news/62526/tower-resources-rises-as-spudding-of-potential-play-opener-moves-closer-73058.html Tower's management estimate gross unrisked prospective resources for this well range from 402mln barrels of oil equivalent on a P10 basis to 16mmboe (P90).

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Wed, 08 Oct 2014 16:33:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/62526/tower-resources-rises-as-spudding-of-potential-play-opener-moves-closer-73058.html
Tower Resources confirms issue of shares relating to Kenya deal https://www.proactiveinvestors.co.uk/companies/news/61641/tower-resources-confirms-issue-of-shares-relating-to-kenya-deal-72123.html Thu, 11 Sep 2014 06:29:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/61641/tower-resources-confirms-issue-of-shares-relating-to-kenya-deal-72123.html Tower Resources has busy year as Block 2B spud preparations continue https://www.proactiveinvestors.co.uk/companies/news/61384/tower-resources-has-busy-year-as-block-2b-spud-preparations-continue-71851.html Wed, 03 Sep 2014 07:14:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/61384/tower-resources-has-busy-year-as-block-2b-spud-preparations-continue-71851.html Tower Resources – no hydrocarbons in Welwitschia well https://www.proactiveinvestors.co.uk/companies/news/59072/tower-resources-no-hydrocarbons-in-welwitschia-well-69414.html Fri, 13 Jun 2014 06:31:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/59072/tower-resources-no-hydrocarbons-in-welwitschia-well-69414.html Tower Resources – Welwitschia drilling restarts https://www.proactiveinvestors.co.uk/companies/news/58820/tower-resources-welwitschia-drilling-restarts-69146.html Wed, 04 Jun 2014 13:08:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/58820/tower-resources-welwitschia-drilling-restarts-69146.html Tower Resources seals Kenya entry https://www.proactiveinvestors.co.uk/companies/news/58772/tower-resources-seals-kenya-entry-69092.html Tue, 03 Jun 2014 07:06:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/58772/tower-resources-seals-kenya-entry-69092.html Tower Resources expects drilling to recommence at Welwitschia in June https://www.proactiveinvestors.co.uk/companies/news/58579/tower-resources-expects-drilling-to-recommence-at-welwitschia-in-june-68883.html Tue, 27 May 2014 15:14:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/58579/tower-resources-expects-drilling-to-recommence-at-welwitschia-in-june-68883.html Tower Resources’ Welwitschia programme pauses until end of May https://www.proactiveinvestors.co.uk/companies/news/58419/tower-resources-welwitschia-programme-pauses-until-end-of-may-68699.html Wed, 21 May 2014 06:28:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/58419/tower-resources-welwitschia-programme-pauses-until-end-of-may-68699.html Tower Resources, Horizonte Minerals Shanta Gold and Northern Petroleum to present https://www.proactiveinvestors.co.uk/companies/news/57677/tower-resources-horizonte-minerals-shanta-gold-and-northern-petroleum-to-present-67928.html Next week's Proactive forum promises to be an exciting evening as we focus this time on the natural resources sector.

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Fri, 25 Apr 2014 16:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57677/tower-resources-horizonte-minerals-shanta-gold-and-northern-petroleum-to-present-67928.html
Tower Resources confirms spudding of Welwitschia-1 https://www.proactiveinvestors.co.uk/companies/news/57633/tower-resources-confirms-spudding-of-welwitschia-1--67877.html Thu, 24 Apr 2014 07:13:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57633/tower-resources-confirms-spudding-of-welwitschia-1--67877.html Tower Resources expects Welwitschia-1 to spud by Friday https://www.proactiveinvestors.co.uk/companies/news/57548/tower-resources-expects-welwitschia-1-to-spud-by-friday-67787.html Tue, 22 Apr 2014 07:23:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57548/tower-resources-expects-welwitschia-1-to-spud-by-friday-67787.html Tower Resources excited by pan-African scope of the company https://www.proactiveinvestors.co.uk/companies/news/302369/tower-resources-excited-by-pan-african-scope-of-the-company--2692.html Fri, 11 Apr 2014 11:03:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/302369/tower-resources-excited-by-pan-african-scope-of-the-company--2692.html UPDATE - Tower Resources unveils transformational deals in Africa https://www.proactiveinvestors.co.uk/companies/news/57261/update-tower-resources-unveils-transformational-deals-in-africa-67489.html Tower has raised enough money to pay its share of the imminent Welwitschia exploration well, and has significantly added to its African portfolio. It will now partner Premier Oil and Taipan in a well onshore Kenya later this year and through a separate deal is acquiring assets in South Africa and Zambia.

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Wed, 09 Apr 2014 10:45:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57261/update-tower-resources-unveils-transformational-deals-in-africa-67489.html
UPDATE - Tower Resources looks ahead to Welwitschia well as drillship arrives in Namibia https://www.proactiveinvestors.co.uk/companies/news/56234/update-tower-resources-looks-ahead-to-welwitschia-well-as-drillship-arrives-in-namibia-66390.html Wed, 05 Mar 2014 11:53:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/56234/update-tower-resources-looks-ahead-to-welwitschia-well-as-drillship-arrives-in-namibia-66390.html UPDATE - Tower Resources closing in on Namibia farm out before April spud date https://www.proactiveinvestors.co.uk/companies/news/55093/update-tower-resources-closing-in-on-namibia-farm-out-before-april-spud-date-65163.html Fri, 24 Jan 2014 10:01:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/55093/update-tower-resources-closing-in-on-namibia-farm-out-before-april-spud-date-65163.html Tower Resources excited as Welwitschia-1 well expected to spud in March https://www.proactiveinvestors.co.uk/companies/news/53720/tower-resources-excited-as-welwitschia-1-well-expected-to-spud-in-march-63707.html Fri, 29 Nov 2013 06:54:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/53720/tower-resources-excited-as-welwitschia-1-well-expected-to-spud-in-march-63707.html Tower Resources chief says the "sky's the limit" in Namibia https://www.proactiveinvestors.co.uk/companies/news/302084/tower-resources-chief-says-the-skys-the-limit-in-namibia--2352.html Fri, 22 Nov 2013 11:01:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/302084/tower-resources-chief-says-the-skys-the-limit-in-namibia--2352.html Tower Resources extends Wilton Petroleum deadline after Ophir u-turn https://www.proactiveinvestors.co.uk/companies/news/50974/tower-resources-extends-wilton-petroleum-deadline-after-ophir-u-turn-60632.html Mon, 02 Sep 2013 09:14:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/50974/tower-resources-extends-wilton-petroleum-deadline-after-ophir-u-turn-60632.html UPDATE: Tower Resources' open offer a success, broker says https://www.proactiveinvestors.co.uk/companies/news/50349/update-tower-resources-open-offer-a-success-broker-says-59918.html Mon, 12 Aug 2013 09:38:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/50349/update-tower-resources-open-offer-a-success-broker-says-59918.html Tower Resources attracts plenty of well-wishers https://www.proactiveinvestors.co.uk/companies/news/50205/tower-resources-attracts-plenty-of-well-wishers-59764.html “Money’s too tight to mention” might as well be the theme tune of the resources sector, but Tower Resources has been singing a different tune. It has received strong backing for its plans to explore Africa, starting with the Welwitschia-1 well off the coast of Namibia

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Tue, 06 Aug 2013 09:29:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/50205/tower-resources-attracts-plenty-of-well-wishers-59764.html
Tower Resources raises £9m in placing and announces open offer to shareholders https://www.proactiveinvestors.co.uk/companies/news/301887/tower-resources-raises-9m-in-placing-and-announces-open-offer-to-shareholders--2121.html Tue, 30 Jul 2013 10:43:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/301887/tower-resources-raises-9m-in-placing-and-announces-open-offer-to-shareholders--2121.html Tower Resources to raise up to £13mln ahead of Namibia drilling https://www.proactiveinvestors.co.uk/companies/news/49856/tower-resources-to-raise-up-to-13mln-ahead-of-namibia-drilling-59366.html "We are delighted with the positive response to this placing, at a time when many E&P investors have been holding back from the AIM market," said chairman Jeremy Asher.

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Thu, 25 Jul 2013 06:49:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/49856/tower-resources-to-raise-up-to-13mln-ahead-of-namibia-drilling-59366.html
Tower Resources to drill Welwitschia well in February https://www.proactiveinvestors.co.uk/companies/news/49288/tower-resources-to-drill-welwitschia-well-in-february-58709.html “Preparations for the Welwitschia-1 well are progressing at accelerating pace,” said chief executive Graeme Thomson.

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Fri, 05 Jul 2013 06:51:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/49288/tower-resources-to-drill-welwitschia-well-in-february-58709.html
Tower Resources boosts portfolio adding Madagascar project https://www.proactiveinvestors.co.uk/companies/news/49217/tower-resources-boosts-portfolio-adding-madagascar-project-58631.html Wed, 03 Jul 2013 07:35:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/49217/tower-resources-boosts-portfolio-adding-madagascar-project-58631.html Tower Resources more likely to find oil in Namibia, expert says https://www.proactiveinvestors.co.uk/companies/news/49181/tower-resources-more-likely-to-find-oil-in-namibia-expert-says-58581.html Tue, 02 Jul 2013 07:42:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/49181/tower-resources-more-likely-to-find-oil-in-namibia-expert-says-58581.html Tower Resources encouraged by Namibian oil discovery https://www.proactiveinvestors.co.uk/companies/news/47985/tower-resources-encouraged-by-namibian-oil-discovery-57188.html Wed, 22 May 2013 07:38:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/47985/tower-resources-encouraged-by-namibian-oil-discovery-57188.html Tower Resources hires Westhouse head of oil and gas Matharu https://www.proactiveinvestors.co.uk/companies/news/45684/tower-resources-hires-westhouse-head-of-oil-and-gas-matharu-54507.html Thu, 07 Mar 2013 08:15:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/45684/tower-resources-hires-westhouse-head-of-oil-and-gas-matharu-54507.html Tower Resources shares up as Repsol farm-out approved https://www.proactiveinvestors.co.uk/companies/news/43436/tower-resources-shares-up-as-repsol-farm-out-approved-51817.html Fri, 21 Dec 2012 07:03:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/43436/tower-resources-shares-up-as-repsol-farm-out-approved-51817.html Investors could benefit from latest Namibia well disappointment - broker https://www.proactiveinvestors.co.uk/companies/news/40140/investors-could-benefit-from-latest-namibia-well-disappointment-broker-47895.html Investors have an opportunity to benefit from the ‘inevitable weakness’ in the trading of Nambian oil explorers following this morning’s disappointing news from Chariot Oil & Gas.

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Mon, 10 Sep 2012 11:18:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/40140/investors-could-benefit-from-latest-namibia-well-disappointment-broker-47895.html
Chariot Oil & Gas and Tower Resources offer ‘purest exposure’ to offshore Namibia - broker https://www.proactiveinvestors.co.uk/companies/news/39822/chariot-oil-gas-and-tower-resources-offer-purest-exposure-to-offshore-namibia-broker-47537.html Thu, 30 Aug 2012 08:42:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/39822/chariot-oil-gas-and-tower-resources-offer-purest-exposure-to-offshore-namibia-broker-47537.html UPDATE: Tower Resources rallies as Repsol farms into licence 0010 in Namibia https://www.proactiveinvestors.co.uk/companies/news/38616/update-tower-resources-rallies-as-repsol-farms-into-licence-0010-in-namibia-46165.html Shares in Tower Resources surged more than 11 per cent today after Spanish major Repsol farmed into its Namibian offshore licence 0010, while Tower doubled its interest in the project.

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Mon, 30 Jul 2012 12:29:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/38616/update-tower-resources-rallies-as-repsol-farms-into-licence-0010-in-namibia-46165.html
Tower Resources rallies as Repsol farms into licence 0010 in Namibia https://www.proactiveinvestors.co.uk/companies/news/38602/tower-resources-rallies-as-repsol-farms-into-licence-0010-in-namibia-46150.html Mon, 30 Jul 2012 08:26:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/38602/tower-resources-rallies-as-repsol-farms-into-licence-0010-in-namibia-46150.html Tower Resources shares rise as Repsol is confirmed as new shareholder in Namibian acreage https://www.proactiveinvestors.co.uk/companies/news/36599/tower-resources-shares-rise-as-repsol-is-confirmed-as-new-shareholder-in-namibian-acreage--43769.html Wed, 06 Jun 2012 07:41:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/36599/tower-resources-shares-rise-as-repsol-is-confirmed-as-new-shareholder-in-namibian-acreage--43769.html Tower Resources appoints veteran as new chief executive https://www.proactiveinvestors.co.uk/companies/news/36429/tower-resources-appoints-veteran-as-new-chief-executive-43534.html Wed, 30 May 2012 08:42:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/36429/tower-resources-appoints-veteran-as-new-chief-executive-43534.html Tower Resources set for Namibian farm-out boost, says Northland https://www.proactiveinvestors.co.uk/companies/news/35615/tower-resources-set-for-namibian-farm-out-boost-says-northland-42542.html Tower has a 15 per cent stake in an exploration venture led by operator Arcadia Expro Namibia which, the broker says, is close to completing a farm-out deal that would help the partners move closer to drilling.

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Wed, 09 May 2012 11:25:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/35615/tower-resources-set-for-namibian-farm-out-boost-says-northland-42542.html
Westhouse Securities notes potential of ‘pre-salt’ basins targeted by Chariot Oil, Tower Resources and others https://www.proactiveinvestors.co.uk/companies/news/33546/westhouse-securities-notes-potential-of-pre-salt-basins-targeted-by-chariot-oil-tower-resources-and-others--39977.html Thu, 08 Mar 2012 09:31:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/33546/westhouse-securities-notes-potential-of-pre-salt-basins-targeted-by-chariot-oil-tower-resources-and-others--39977.html Tower Resources CEO Kingston steps down, as announced last year - UPDATE https://www.proactiveinvestors.co.uk/companies/news/33499/tower-resources-ceo-kingston-steps-down-as-announced-last-year-update-39923.html Wed, 07 Mar 2012 13:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/33499/tower-resources-ceo-kingston-steps-down-as-announced-last-year-update-39923.html Tower Resources CEO Kingston steps down, as announced last year https://www.proactiveinvestors.co.uk/companies/news/33480/tower-resources-ceo-kingston-steps-down-as-announced-last-year-39904.html Wed, 07 Mar 2012 07:32:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/33480/tower-resources-ceo-kingston-steps-down-as-announced-last-year-39904.html Tower Resources drills dry well in Uganda; excited about Namibian assets https://www.proactiveinvestors.co.uk/companies/news/33034/tower-resources-drills-dry-well-in-uganda-excited-about-namibian-assets-39333.html Thu, 23 Feb 2012 08:37:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/33034/tower-resources-drills-dry-well-in-uganda-excited-about-namibian-assets-39333.html Tower Resources spuds Mvule-1 exploration well in Uganda https://www.proactiveinvestors.co.uk/companies/news/32667/tower-resources-spuds-mvule-1-exploration-well-in-uganda-38896.html Mon, 13 Feb 2012 07:40:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/32667/tower-resources-spuds-mvule-1-exploration-well-in-uganda-38896.html Tower Resources raises £5.4 million in placing to fund Mvule-1 well drilling https://www.proactiveinvestors.co.uk/companies/news/32587/tower-resources-raises-54-million-in-placing-to-fund-mvule-1-well-drilling-38799.html Thu, 09 Feb 2012 08:11:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/32587/tower-resources-raises-54-million-in-placing-to-fund-mvule-1-well-drilling-38799.html Tower Resources to spud Mvule-1 well in Uganda within 6-9 days https://www.proactiveinvestors.co.uk/companies/news/32330/tower-resources-to-spud-mvule-1-well-in-uganda-within-6-9-days-38499.html Thu, 02 Feb 2012 08:37:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/32330/tower-resources-to-spud-mvule-1-well-in-uganda-within-6-9-days-38499.html Tower Resources agrees equity line and loan with Yorkville Advisors, shares rise https://www.proactiveinvestors.co.uk/companies/news/31409/tower-resources-agrees-equity-line-and-loan-with-yorkville-advisors-shares-rise-37541.html Fri, 06 Jan 2012 08:11:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/31409/tower-resources-agrees-equity-line-and-loan-with-yorkville-advisors-shares-rise-37541.html Tower Resources rallies after new chairman buys shares https://www.proactiveinvestors.co.uk/companies/news/30324/tower-resources-rallies-after-new-chairman-buys-shares-36259.html Tue, 29 Nov 2011 09:46:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/30324/tower-resources-rallies-after-new-chairman-buys-shares-36259.html UPDATE: Tower Resources executive chairman Peter Kingston steps down https://www.proactiveinvestors.co.uk/companies/news/30297/update-tower-resources-executive-chairman-peter-kingston-steps-down-36209.html Mon, 28 Nov 2011 13:46:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/30297/update-tower-resources-executive-chairman-peter-kingston-steps-down-36209.html Tower Resources executive chairman Peter Kingston steps down https://www.proactiveinvestors.co.uk/companies/news/30280/tower-resources-executive-chairman-peter-kingston-steps-down-36191.html Mon, 28 Nov 2011 08:11:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/30280/tower-resources-executive-chairman-peter-kingston-steps-down-36191.html UPDATE: Tower Resources raises £2.59 mln in placing https://www.proactiveinvestors.co.uk/companies/news/28722/update-tower-resources-raises-259-mln-in-placing--34327.html Thu, 13 Oct 2011 14:15:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/28722/update-tower-resources-raises-259-mln-in-placing--34327.html Tower Resources raises £2.59 mln in placing https://www.proactiveinvestors.co.uk/companies/news/28706/tower-resources-raises-259-mln-in-placing--34310.html Thu, 13 Oct 2011 07:14:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/28706/tower-resources-raises-259-mln-in-placing--34310.html Tower Resources on track to spud well in Uganda in fourth quarter https://www.proactiveinvestors.co.uk/companies/news/27019/tower-resources-on-track-to-spud-well-in-uganda-in-fourth-quarter-32250.html Tue, 23 Aug 2011 09:31:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/27019/tower-resources-on-track-to-spud-well-in-uganda-in-fourth-quarter-32250.html Tower Resources poised for pivotal drilling in Namibia https://www.proactiveinvestors.co.uk/companies/news/25465/tower-resources-poised-for-pivotal-drilling-in-namibia--30405.html Namibia’s embryonic oil industry is attracting increasing levels of interest among investors and experts are touting the frontier’s ‘supermajor’ potential.  The main London-listed protagonists are Tower Resources and Chariot Oil & Gas, both of which have multi-billion barrel targets in their sights.  Here we take a look at Tower as pivotal drilling nears the horizon.

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Fri, 08 Jul 2011 07:28:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/25465/tower-resources-poised-for-pivotal-drilling-in-namibia--30405.html
Tower Resources encouraged by updated CPR for Licence 0010 https://www.proactiveinvestors.co.uk/companies/news/25148/tower-resources-encouraged-by-updated-cpr-for-licence-0010-30051.html Thu, 30 Jun 2011 08:06:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/25148/tower-resources-encouraged-by-updated-cpr-for-licence-0010-30051.html 2012 key to Tower’s future https://www.proactiveinvestors.co.uk/companies/news/23760/2012-key-to-towers-future-28361.html Wed, 18 May 2011 08:50:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/23760/2012-key-to-towers-future-28361.html Tower targets offshore well in Namibia before end 2011 https://www.proactiveinvestors.co.uk/companies/news/22920/tower-targets-offshore-well-in-namibia-before-end-2011-27340.html Wed, 13 Apr 2011 12:18:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/22920/tower-targets-offshore-well-in-namibia-before-end-2011-27340.html Tower Resources to commence drilling in Namibia in 2011, raises £4.27 million https://www.proactiveinvestors.co.uk/companies/news/21341/tower-resources-to-commence-drilling-in-namibia-in-2011-raises-427-million-25439.html Fri, 11 Feb 2011 07:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/21341/tower-resources-to-commence-drilling-in-namibia-in-2011-raises-427-million-25439.html Tower Resources grants continuing option over Uganda oil project to Global Petroleum https://www.proactiveinvestors.co.uk/companies/news/14937/tower-resources-grants-continuing-option-over-uganda-oil-project-to-global-petroleum-18120.html Fri, 25 Jun 2010 07:58:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/14937/tower-resources-grants-continuing-option-over-uganda-oil-project-to-global-petroleum-18120.html Tower Resources’, Global Petroleum’s Uganda Iti-1 well comes up dry https://www.proactiveinvestors.co.uk/companies/news/4468/tower-resources-global-petroleums-uganda-iti-1-well-comes-up-dry--6140.html Mon, 15 Jun 2009 08:13:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/4468/tower-resources-global-petroleums-uganda-iti-1-well-comes-up-dry--6140.html Tower Resources unit contracts ASCOM rig for drilling in Uganda https://www.proactiveinvestors.co.uk/companies/news/3619/tower-resources-unit-contracts-ascom-rig-for-drilling-in-uganda--5132.html Wed, 08 Apr 2009 07:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/3619/tower-resources-unit-contracts-ascom-rig-for-drilling-in-uganda--5132.html Global Petroleum and Tower Resources get govt approval for Uganda farm-in deal https://www.proactiveinvestors.co.uk/companies/news/3057/global-petroleum-and-tower-resources-get-govt-approval-for-uganda-farm-in-deal-4415.html Fri, 13 Feb 2009 12:53:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/3057/global-petroleum-and-tower-resources-get-govt-approval-for-uganda-farm-in-deal-4415.html Tower Resources soars on huge oil targets https://www.proactiveinvestors.co.uk/companies/news/1685/tower-resources-soars-on-huge-oil-targets-2481.html
Investors poured into Tower Resources in response, pushing the company from around 3 pence to 10 pence in a matter of hours. At 10 pence, Tower Resources is valued at almost £50 million.

The bullish update did not stop there however. The prospectivity of Block 5, Uganda had increased considerably after a recent oil discovery announcement by Tullow Oil on Block 1 & 2, which sits near Block 5. Tower Resources is processing and interpretating seismic on Block 5 in Uganda in anticipation of drilling before the end of this year.


Peter Kingston, Chairman commented:

"The exciting conclusions of the Namibia interpretation work have added another world class dimension to the Company's prospects. The Uganda Licence is being confirmed as a prospective venture and Tanzania begins to broaden the portfolio. The next two years promise to be a fascinating period of potentially company-making activity".

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Thu, 15 May 2008 01:16:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/1685/tower-resources-soars-on-huge-oil-targets-2481.html