Tower Resources eyes Cameroon well in coming months as preparations progress
“The first six months of 2021 have been very positive for our company," Tower said.
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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Tower Resources submits Cameroon farmout documentation for ministerial approval
Tower Resources is focused on developing oil and gas assets across Africa
Archive
Oil price, Touchstone, Prospex, Block, Trinity. And finally…
Trinity has confirmed the following Board changes following the tragic passing of Bruce Dingwall CBE, Executive Chairman, on 03 August 2021, Nicholas Clayton, who was named Interim Non-Executive Chairman, will assume the role of Non-Executi
Tower Resources to raise £1.5mln in share placing
“While we felt that this placing was timely and necessary, we have sought to minimise share issues and will continue to do so, especially while financing our operations at the asset level remains more cost-effective," CEO Jeremy Asher said
Archive
Oil price, Tower Resources, UOG/Prospex. And finally
Oil price The oil price fall continued yesterday as Chinese data in particular oil imports disappointed markets. Oil imports were 9.7m b/d in July, the 4th month below 10m b/d which along with more Asian lockdowns panicked the market
Tower Resources agrees Cameroon farm-out
"We are looking forward to a great future developing these resources together," said chair Jeremy Asher
Tower Resources sees renewed interest in assets with rising oil price
In Cameroon, Tower added it hopes a farm-out will be completed soon
Tower Resources receives favourable ruling in tax tribunal
The tribunal upheld the decision of a prior tribunal
Tower Resources looks forward to NJOM well as extension details are confirmed
“We are looking forward to seeing the NJOM-3 well drilled as soon as possible," said CEO Jeremy Asher
Tower Resources to advance NJOM well as Cameroon set to extend licence
“We are looking forward to seeing the NJOM-3 well drilled as soon as possible," Jeremy Asher said.
Tower Resources extends Pegasus loan facility
“The independent directors and I are all committed to getting the NJOM-3 well in Cameroon drilled as soon as circumstances permit," said Jeremy Asher
Tower Resources sees Algoa-Gamtoos resource inventory increase by 54%
Project operator New Age has added confidence and resource barrels following the reprocessing of seismic data.
Tower Resources raises £1.25mln to stay ‘drill-ready’ in Cameroon
"We are happy to complete this placing, which provides us with sufficient working capital to remain drill-ready in Cameroon, as soon as circumstances permit, and also allows us to contribute to the current work programme at Algoa-Gamtoos,”
Tower Resources and New Age Energy advance Algoa-Gamtoos project in South Africa
The new exploration period under the licence will run for two years
Tower Resources says it remains excited for upcoming Thali project
The explorer also believes it can capitalise on new opportunities arising in the currently challenging period for the industry.
Tower Resources raises funds to cover working capital as it finalises funding arrangements for the drilling on Thali licence
The company said it has entered into a six-month loan facility with Shard Merchant Capital for US$500,000 and has extended its existing US$750,000 loan facility with Pegasus Petroleum by six months
Tower Resources advances loan talks to potentially cover Thali wells
"Debt financing has remained our preference since we first explored the idea last year,” said chair and chief executive Jeremy Asher
Tower Resources notes announcement of resource estimate from neighbouring company in Namibia
Tower Resources has been focusing on Cameroon recently
Tower Resources announces further extension of its loan facility of US$750,000 with Pegasus
A previous restructuring of the facility was announced on October 15, 2019, resulting in Pegasus Petroleum holding 100% of the facility
Tower Resources updates on progress for Thali production-sharing contract farm-out in Cameroon
The group said the binding Heads of Terms with OilLR Pty Ltd is progressing towards completion, with the first payment into escrow now expected in late July or first half of August