Tower Resources PLC

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Market Cap:
£2.47 m
52 weeks high
52 weeks low

Viewing results 1-25 of 133

Tower Resources halves interim loss amid farm-out interest for Njonji-3 well

For the six months ended 30 June, the AIM-listed oiler reported a pre-tax loss of US$1.6mln, down from a US$3.3mln loss a year ago...

1 week, 2 days ago

Tower Resources switches rig hire contracts for the Thali block

The NJOM3 well will be drilled to a total depth of 1,100m, intersecting at least three reservoir zones ...

3 weeks, 2 days ago

Tower Resources Plc extends bridging loan as farm-out deal looms

The bridging loan provided working capital whilst the company worked on alternative longer-term funding options....

on 30/7/19

Tower Resources says successful in appeal against an HMRC decision to deny it credit for input VAT

The original decision from HMRC dates back to 2016...

on 9/7/19

Tower Resources raises £150k, hopes to wrap up financing discussions for NJOM-3 well ‘soon’

The firm raised £150,000 from its chief executive which will keep the business ticking over whilst it wraps up discussions over the financing of the NJOM-3 well at Thali...

on 21/6/19

Tower Resources looks forward to progress in ‘crucial’ 2019

The company is advancing plans for a key well at the Thali project....

on 4/6/19

Tower Resources looks to July for spudding of key Cameroon well

The NJOM3 well will be drilled to a total depth of 1,100 metres intersecting at least three reservoir zones...

on 8/5/19

Tower Resources to conduct extra pre-drill preparation for NJOM3 well

It is now anticipated that the contracted Topaz Driller will be mobilised in July, rather than late May....

on 8/5/19

Tower Resources sees May spud date for key Cameroon well

Chairman Jeremy Asher has put up a US$750,000 bridging loan while it finalises the finance required to drill the well...

on 16/4/19

Tower Resources’ Algoa-Gamtoos prospects boosted as Total opens up world class discovery next door

Total's South Africa discovery has been described as “world class” with initial estimates pitched at 500mln to 1bn barrels oil equivalent...

on 8/2/19

Tower Resources to raise £1.7mln to support upcoming Cameroon drill programme

The placing funds will cover long lead items for an upcoming drilling programme at the Njonji area of the Thali project...

on 24/1/19

Tower Resources hires rig contractor for 2019 well programme in Cameroon

The appraisal programme is slated for the second quarter of 2019, at which point Tower seeks to advance the Thali project closer to development...

on 7/12/18

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...

on 7/11/18

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...

on 1/11/18

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...

on 28/9/18

Tower Resources launches South Africa partnering process

The process sets up new exploration which could ultimately lead to new drilling in the future...

on 21/9/18

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...

on 17/9/18

Tower Resources looks forward to September reserves report for Thali

"We are happy with the progress being made on the Njonji well,” said Jeremy Asher, Tower chief executive...

on 20/8/18

Tower Resources boss hails “substantial progress” made in 2017 as he eyes drilling at Thali

Life has been tough in the oil sector in recent years, but things started to pick up towards the end of 2017...

on 8/5/18

Tower Resources hires Oilfield International to assess Thali reserves

Following recent technical work the firm has commissioned a new assessment of the Thali asset's potential...

on 10/4/18

Tower Resources issues share warrants to directors

The warrants are being issued in lieu of cash payments, in order to preserve working capital...

on 2/1/18