Investments and investor services
FTSE 100 closes higher ahead of Federal Reserve meeting
The focus is now on the Federal Reserve meeting later. The interest rate announcement is set for 7.00pm, UK time
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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Big Sofa Technologies shares rise as it appoints new chief executive
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Tower Resources secures new “exciting” exploration acreage offshore Namibia
It has landed three exploration blocks located close to areas with "recent farm-in activity" and for the cost of $5mln to be invested in pre-drill work, the AIM-quoted explorer secures an 80% stake
FTSE 100 closes higher as markets are relieved after US midterm election
The UK's premier benchmark index finished over 76 points higher, or 1.09%, at 7,117
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Proactive weekly oil and gas highlights: Rose Petroleum, Echo Energy, Tower Resources
It was another busy week in the small cap oil and gas sector
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Tower Resources surges as it releases reserves report for Thali licence
Calculated EMV10s for the contingent resources stood at US$118mln and US$82mln for the prospective resources
Metals Exploration shares under pressure; Ascential rises on Flywheel Digital buyout
A look at some big winners and losers in the UK equity market during Thursday's trading session
FTSE 100 closes lower as sterling gains on BoE rate comments
The bank suggested there could be a faster pace of hikes if the UK gets a smooth Brexit deal
Tower Resources "very pleased" with outcomes so far in 2018
The one source of frustration has been Zambia, where the board has considered it prudent to adjust downwards the value of its exploration assets
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Tasty and Pathfinder Minerals among Friday’s notable losers
A look at some of the biggest risers and fallers in the UK market on Friday
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Tower Resources launches South Africa partnering process
The process sets up new exploration which could ultimately lead to new drilling in the future
FTSE 100 surges higher as Brexit talks reach impasse; pound plunges
Around 4pm, the UK bluechip index was 109 points higher at 7,476, just easing back from the session peak of 7,495 after a strong week
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Sirius Minerals advances, supermarkets Tesco, J Sainsbury, Morrison PLC rise
A look at some of the biggest risers and fallers in the London market Monday
Tower Resources set to extend Thali licence for a year
The extension is expected to be conditional upon Tower signing up a rig contractor in the near term
FTSE 100 closes lower after lacklustre day; trade fears weigh
FTSE 100 closed down nearly two points on the day at 7,302
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