Tower Resources Share News (TRP)

UK WINNERS & LOSERS: Evraz Leads FTSE 250; Ex-Dividends Weigh In

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
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FTSE 100 - WINNERS
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Kingfisher, up 2.1%. UBS has upgraded Kingfisher to Buy from Neutral and i

Tower Resources Shares Slide On Placing To Fund Acquisition, Farm-In

LONDON (Alliance News) - Tower Resources PLC Wednesday said it will raise GBP19.3 million in a placing and subscription, buy Rift Petroleum Holdings Ltd by issuing the sellers 550 million Tower shares, and has agreed a farm-in to an oil exploration block in Kenya. In a statement, the compan

Tower Resources Notes Arrival Of Drillship To Namibia

LONDON (Alliance News) - Tower Resources PLC Wednesday said its Rowan Renaissance Drillship arrived to Walvis Bay in Namibia on Tuesday. The independent oil and gas exploration company focused on Africa said the drillship will now undergo scheduled preparation and final acceptance testing b

Tower Resources Moves Closer To Sale Of Interest In Namibia

LONDON (Alliance News) - Tower Resources PLC Friday said considerable progress has been made regarding its sale of a 10% interest in the PEL0010 site in Namibia. The independent oil and gas exploration company focused on Africa, said a number of interested parties have conducted a full revi

UK MORNING BRIEFING: Shares Open Higher On Interest Rate Assurance

LONDON (Alliance News) - UK shares have opened higher Friday, as Bank of England Governor Mark Carney backed off of forward guidance and said there is "no immediate need" to raise interest rates.

Royal Mail has reported a 2% increase in like-for-like revenues for th

DIRECTOR DEALINGS: Tower Resources CEO Gifts Shares

Tower Resources Say Key Drillship Arrival In Namibia Delayed

AIM IN BRIEF: Mattioli Woods Half-Year Revenue Up 20%; Eyes Acquisitions

Tower Resources Acquires Wilton Petroleum For USD4.3M In Cash, Shares

Tower Resources Acquisition Of Wilton Petroleum Moves Forward Again

Thursday broker round-up UPDATE

Afren: Westhouse Securities shifts target price from 160p to 165p and reiterates a buy recommendation. BAE Systems: Bank of America raises target price from 328p to 412p, while staying with its underperform rating. Cape: JP Morgan takes target price from 308p to 323p and stays with its overweight

Tower Resources to drill Namibian well in February

Tower Resources said it would start drilling a well in Namibia earlier than expected in February 2014. The Aim-listed oil and gas company said it had a firm rig in place at the Welwitschia-1 well in the Walvis Basin. Crucial components including well heads and casings have been ordered or are being

Friday broker round-up

Afren: Jefferies cuts target price from 155p to 140p and downgrades from buy to hold. Alpha Real Trust: Panmure Gordon shifts target price from 76p to 79p and retains a buy recommendation. Betfair Group: JP Morgan moves target price from 850p to 825p keeping a neutral rating. Borders & Southern P

Tuesday broker round-up UPDATE

Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum

Tower Resources completes Neptune farm-out agreement

Oil and gas company Tower Resources said Thursday all conditions relating to the farm-out agreement bewteeen its subsidiary Neptune Petroleum and Arcadia Expro Namibia and Repsol Exploration were completed. As part of the agreement, Neptune released escrow funds of $5.3m to reimburse Arcadia for 30