(Alliance News) - Tower Resources PLC on Tuesday said it has issued a letter of award to secure a jack-up rig for drilling operations offshore Cameroon later this year. Read More
Tower Resources PLC - oil and gas company focused on Africa - pretax loss widens to USD983,621 in 2024 from USD454,196 a year prior. Total administrative expenses reach USD980,461 compared to a credit of USD91,330 a year ago. The prior year benefits from a VAT provision release of USD1.2 million. Chair & Chief Executive Jeremy Asher says: "2024 has been a very productive year, and we have already seen some of the results in 2025. We hope that the rest of 2025 will be even better, and in particular we hope to see the NJOM-3 well spudded before the current year-end, rig availability permitting." Company adds the recent volatility in the oil price remains in ranges that still provide "excellent economic outcomes for all of our projects; and the recent reduction in oil prices has coincided with an easier market for jack-up rigs and services, which is favourable for us." Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Tower Resources PLC - Africa-focused oil and gas company - Says that Energy Exploration Capital Partners LLC requests the issue of 317.6 million Tower Resources shares, in accordance with the investment deed announced in mid-January. Says the purchase price of 0.04p per share, which was previously prepaid by Energy Exploration Capital Partners. This is set by mutual agreement, given that the market price remains below the floor price set out in the deed. Admission of the placing shares is expected to take place on or around Monday next week. Read More
(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Pendragon PLC - Nottingham, England-based automotive retailer - Says Martin Casha will resign from his chief operating officer role after 42 years of being with the firm to become the chief executive officer of Marshall Motor Group Ltd. Marshall Motor is a car dealing company. Says he will continue as COO until November 7. Read More
(Jangada Mines issued a correction amending percentage interest in Blencowe Resources to 12% from previously stated 9.5%). Read More
Tower Resources PLC - Africa-focused oil and gas company - Swings to an annual pretax loss of USD1.0 million from a profit of USD196,547 the prior year. The company posts no revenue for the year nor does it declare a dividend, both unchanged from the prior year. Tower Resources says that the war in Ukraine has deteriorated the general economic and market conditions, with the company warning that this could reach a point where it becomes impossible to raise equity finance in UK equities markets to fund exploration projects, nor debt to develop projects. Read More
(Alliance News) - Tower Resources PLC on Friday said it undertook a basin and thermal maturity study within the license PEL 96 in Namibia. Read More
Tower Resources PLC - Africa-focused oil and gas company - Stake of Chair & Chief Executive Officer Jeremy Asher in company falls to 7.2% from 16%, as company placed 4.60 billion new shares, under which Asher subscribed for 100.0 million new shares. When it announced the placing on May 16, firm said it will use the funds for preparation of drilling of the Njom-3 well, including associated services payments, and as working capital. Read More
Tower Resources PLC - Africa-focused oil and gas company - Chair and Chief Executive Jeremy Asher lowers stake to 7.2% from 16%. No further details were provided. Read More
Tower Resources PLC - Africa-focused oil and gas company - Raises GBP2.3 million in a conditional placing of 4.6 million shares at a price of 0.05p each, a 56% discount to Monday's closing price in London of 0.11p. Says it will use the funds for preparation of drilling of the Njom-3 well, including associated services payments, and as working capital. "A portion of the funds raised will also be used to advance the company's other 2023 work programs in Namibia and South Africa, including the ongoing basin modelling work currently underway on the company's Namibian license PEL 96," Tower says. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More