Tower Resources (TRP)

Business description

Tower Resources is an AIM-listed, London-based, independent oil and gas exploration company with a regional focus on sub-Saharan Africa.

Frontier exploration play

Outlook | Oil & Gas | 13/01/2010

We see Tower Resources as an interesting Africa-focused frontier oil and gas exploration play. The company has a near-term project in Uganda’s Albertine Basin and a longer-term play offshore Namibia. Both are potential company makers. Tower is planning a new Albertine exploration well in February 2010 with the potential for a 100mm barrel discovery. A 30mm barrel discovery would, however, be commercial.

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Stock data

Market cap.£4.4m
Last close16.250p
High / Low (52 weeks)63.8p / 16.2p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamResources - Oil & Gas
SectorOil & Gas

Price performance

%1m3m12m
Actual(18.8)(38.1)(58.1)
Relative *(18.3)(38.7)(54.2)

* % Relative to local index

Company news

Tower Resources

Wed, 18 Dec 2013 14:51:42 GMT

Tower Resources

Fri, 12 May 2017 07:54:51 GMT

Tower Resources

Tue, 10 Oct 2017 08:15:00 GMT

Tower Resources

Tue, 24 Jan 2017 08:30:32 GMT

Tower Resources

Fri, 30 Jun 2017 14:17:21 GMT