Company
Tower Resources PLC
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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Today's Oil and Gas Update: Tower Resources, Arrow Exploration Corp, and more...
Market Update: 19 June 2023LON:TRP* - Lays out forward plansLON:KIST - Benriach is sub-commercialCVE:AXL - Nears 3kboe/d targetLON:ENOG - Refinancing plansFAR Limited (ASX: FAR) - Proposes cash returnEnergy NewsBrent Oil US$76.4/bbl vs US$7
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Malcy's Blog - Oil price, Chariot, Zephyr, Tower. And finally…
WTI *(Jan) $80.11 -$1.29, Brent (Jan) $87.62 -$2.16, Diff -$7.51 -63c. *WTI ExpiryUSNG (Dec) $6.30 +43c, UKNG (Dec) 270.0p +5.0p, TTF €119.495 +€5.19.Oil priceOil continues to take a beating as China goes from bad to worse. Covid cases have
Tower Resources receives approval for loan from Cameroon bank
The loan is part of the financing for its Thali Production Sharing Contract in the Rio Del Rey sedimentary basin offshore Cameroon
Tower Resources highlights 'significant progress' in its first half
“We still expect to get the [NJOM-3] well underway in good time,” chief executive Jeremy Asher said
Tower Resources raises £1.5mln as it looks to make drilling headway in Cameroon
The proceeds from the placing will be used as the company prepares to drill the NJOM-3 appraisal well offshore Cameroon
Tower Resources inks loan agreement to help fund Cameroon well
"We are delighted to announce this step forward in the financing of the NJOM-3 well," said chief executive Jeremy Asher.
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Capital climbs after contract news
A look at the major movers on the London market on Thursday
Tower Resources says 2022 will be a crucial year for the company
Tower said its priority is to get the NJOM-3 well drilled at the Njonji development, as this is the gateway to the rest of the development
Tower Resources set for more beneficial funding in Cameroon
The explorer is redrawing its financing plans for the project.
Tower Resources redraws financing plans for Cameroon well
Shelf is being lined up to drill and test the NJOM-3 well in the fourth quarter of 2022
Tower Resources says its delighted by news of significant Namibian oil discovery
Tower has among the largest acreage positions offshore Namibia which is boosted by the new discovery.
Tower Resources raises £1.5mln to support working capital
"While waiting for the farmout to complete we must continue to prepare for drilling operations and to maintain the current equipment inventory in a drill-ready state," Jeremy Asher said
Tower Resources expects to complete Beluga Energy farm-out
The company expects to drill the NJOM-3 well alongside its new partner in the first quarter of 2022