viewTower Resources PLC

Tower Resources CEO confident of success in Cameroon and Namibia

The chief executive of Tower Resources (LON:TRP), Graeme Thomson, talks through the company’s project plans in Cameroon and Namibia.

On Wednesday Tower has raised £5.2mln in a share placing to fund its new project offshore Cameroon, in the Niger Delta.

Thomson says this provides Tower with lower risk appraisal and exploration potential in a shallow water proven-producing region.

The proceeds raised mid-week will also fund ventures in Namibia, which the CEO describes as “an under-explored and highly prospective” area.

Quick facts: Tower Resources PLC

Price: 0.385 GBX

Market: AIM
Market Cap: £2.91 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Tower Resources PLC named herein, including the promotion by the Company of Tower Resources PLC in any Content on the Site, the Company...



Tower Resources' Jeremy Asher on the tantalising opportunities in Cameroon

Jeremy Asher, chairman and chief executive of Tower Resources PLC (LON:TRP), speaks to Proactive's Andrew Scott as the Africa-focused oil explorer resumed trading on AIM after raising £2.1mln through a placing backed by directors and financier Lansdowne. The money will be used for another...

on 17/11/17


Issue of Second Tranche Shares

17 hours, 29 minutes ago

Holding(s) in Company

4 days, 7 hours ago

Cameroon Operational Update

1 week, 5 days ago

Total Voting Rights

1 week, 6 days ago

Price Monitoring Extension

2 weeks, 1 day ago

Holding(s) in Company

3 weeks ago

Holding(s) in Company

3 weeks, 5 days ago

2 min read