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Tower Resources (TRP) Share News

UPDATE: Tower Resources CEO stake in company falls amid placing

31st May 2023 11:58

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

IN BRIEF: Tower Resources CEO and chair reduces stake to 7.2% from 16%

30th May 2023 19:48

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

IN BRIEF: Tower Resources shares plunge after discounted placing

16th May 2023 14:14

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

AIM WINNERS & LOSERS: Rurelec jumps on Argentinian assets sale

16th May 2023 11:03

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More

TRADING UPDATES: Volex wins contract; Engage XR revenue jumps

27th Apr 2023 14:34

(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

AIM WINNERS & LOSERS: Engage XR jumps on quarterly revenue growth

27th Apr 2023 10:43

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More

IN BRIEF: Tower Resources to issue USD150,000 in shares to EECP

30th Mar 2023 14:35

Tower Resources PLC - Africa-focused oil and gas company - Says Energy Exploration Capital Partners LLC requests it issue 102.5 million shares for the price of 0.12 pence each, worth GBP123,000. EECP has pre-paid USD150,000 amid a wider placing of USD6 million in shares by Tower Resources with EECP in mid-January. Says application for placing shares to be admitted to trading on AIM in London has been made, with admission expected to take place on or around Tuesday next week. Read More

IN BRIEF: Tower Resources announces placing of up to USD6 million

16th Jan 2023 11:44

Tower Resources PLC - Africa-focused oil and gas company - Announces institutional share placing worth up to USD6 million with Energy Exploration Capital Partners LLC. Initially the placing will raise USD1.3 million at a premium price of 0.36p, after which EECP will invest up to USD1.8 million in aggregate for shares worth up to USD1.9 million. If required, Tower may raise a further USD3.0 million from Energy Exploration Capital Partners via a shares issue. Read More

TRADING UPDATES: Okyo Pharma files IND; Reabold Co-CEOs buy shares

21st Nov 2022 21:59

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

EARNINGS SUMMARY: Echo Energy, Enwell Energy, Sivota revenue rises

30th Sep 2022 22:02

(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

Tower Resources raises GBP1.5 million to prepare NJOM-3 well

2nd Aug 2022 14:16

(Alliance News) - Tower Resources PLC on Tuesday said it has raised GBP1.5 million through a placing and subscription of around 857.1 million new shares. Read More

TRADING UPDATES: Aquila closes acquisition; Mila's "impressive" assays

29th Jun 2022 21:29

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More

UK shareholder meetings calendar - next 7 days

23rd Jun 2022 16:02

TRADING UPDATES: Sportech, GYG trade well, Supply@ME loss widens

31st May 2022 16:18

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

IN BRIEF: Tower Resources amends financing plans for Cameroon well

9th May 2022 20:16

Tower Resources PLC - Africa-focused oil and gas company - Says Cameroon government agrees to further extension of exploration to May 2023. However, Tower Resources is redrawing its funding plans for drilling the NJOM-3 well at the Thali project, offshore Cameroon. Tower Resources says it has yet to receive approval from the government of Cameroon regarding its farm-out to Beluga Energy of a 49% non-operating working interest in its Thali production sharing contract. The farm-out to Beluga Energy Ltd covers USD15 million towards the expected USD16.8 million cost of the NJOM-3 well that Tower is planning to drill. Company has now informed Cameroon's minister of mines, industry & technological development it will no longer be seeking approval of the farmout in its current form. Read More

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