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.

Tower Resources - On schedule

Flash note | Oil & Gas | 13/04/2011

Tower’s 13 April operational update confirms that the work programme in Uganda and Namibia is on schedule. Significantly, Tower has indicated that a well to drill the potentially huge Delta prospect offshore Namibia remains a target within a year. Drilling is also a distinct possibility in Uganda in Q411. We continue to see Tower as an exciting frontier exploration play. Namibia, in particular, has company maker potential.

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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