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Tower Resources

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Tower Resources plc
140 Buckingham Palace Road
Westminster
London SW1W 9SA

Tel: +44 20 7157 9625

Description

Tower Resources was first admitted to trading on the London Stock Exchange (AIM) on 13 January 2005. The Company was subsequently re-admitted to AIM on 17 June 2006 following its acquisition of Neptune Petroleum Limited whereby Tower Resources acquired its licenced area offshore Namibia.

Since the time of its listing Tower Resources has undertaken a number of acquisitions and farm-in transactions which have transformed the company’s portfolio to deliver an active and balanced Pan-African asset base with operations in Cameroon, Namibia and Zambia and an an over-riding royalty interest ranging from 5% – 10% in the Guelta, Imlili and Bojador blocks in the Saharawi Arab Democratic Republic.

The new management team have focused on delivering a new strategy and business development which also saw the Company enter into a long term strategic partnership agreement with P.D.F. Limited in July 2013. P.D.F. Limited are an international oil and gas exploration advisory group, who provide an Outsourced Exploration Department (OExD™) tailored to the expanding exploration and new ventures needs of the Company. This appointment has added a depth and breadth to the Company’s New Ventures efforts enabling a step-change in the resources necessary to short-list the vast array of opportunities that the Company is presented with in the exploration space.

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