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A glance at some of the day's highlights from the Proactive Investors newswire
Company
LON:TRP
Tower Resources PLC is an energy company building a balanced portfolio of energy opportunities in Africa across the exploration and production cycle in oil and gas and beyond. The company's current focus is on advancing its operations in Cameroon to deliver cash flow through short-cycle development and rapid production with long term upside, and de-risking attractive exploration licenses through acquiring 3D seismic data in the emerging oil and gas provinces of Namibia and South Africa, where world-class discoveries have recently been made.
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
Some of the biggest risers and fallers in London on Thursday
“We are fully committed to our goal of reaching production at Thali as soon as possible"
Investments and investor services
The blue-chip benchmark closed in negative territory as sterling rose
Tower has just raised £2.1mln to take forward its Thali prospect, offshore Cameroon.
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A look at the week's oil and gas news highlights....
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A glance at some of the day's highlights from the Proactive Investors newswire
Tower raised the £2.1mln through a placing backed by directors and financier Lansdowne
Shares will resume trading today after being suspended in May
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London today
"We are very pleased to have confirmed our next steps on the Thali license ... with a view to finalising priorities for drilling in 2018,” said Jeremy Asher.
The UK benchmark finished the day at 7,538, up 30.38 points
“SNH and Tower share a mutual objective: to be in a position to start drilling one or more wells in 2018.”
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Some of the day's highlights from the Proactive Investors newswire
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A glance at some of the stories on the Proactive newswire today...
As reported last month, the firm pressed go on plans to raise up to £360,000 through a placing and open offer
The Footsie closed down on the day but up on the week
The explorer’s shares were suspended last month pending clarification of its financial future