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Tower Resources CEO confident of success in Cameroon and Namibia

The chief executive of Tower Resources (LON:TRP), Graeme Thomson, talks through the company’s project plans in Cameroon and Namibia.

On Wednesday Tower has raised £5.2mln in a share placing to fund its new project offshore Cameroon, in the Niger Delta.

Thomson says this provides Tower with lower risk appraisal and exploration potential in a shallow water proven-producing region.

The proceeds raised mid-week will also fund ventures in Namibia, which the CEO describes as “an under-explored and highly prospective” area.

Quick facts: Tower Resources PLC

Price: 0.4495 GBX

AIM:TRP
Market: AIM
Market Cap: £4.97 m
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