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Share Price: 0.019

Bid: 0.018

Ask: 0.02

Change: -0.0015 (-7.32%)

Spread: 0.002 (11.111%)

Open: 0.0205

High: 0.0205

Low: 0.019

Prev. Close: 0.0205

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UPDATE: Tower Resources CEO stake in company falls amid placing

Wed, 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.

Current stock price: 0.046 pence, down 5.0% on Wednesday

12-month change: down 83%

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

30 Jun 2020 20:49

IN BRIEF: Tower Resources Says Date For Thali Deal Pushed Back

30 Jun 2020 09:47

Tower Resources makes further progress on Thali farm-out

(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on the farm-out process at the Thali production sharing contract (PSC) in Cameroon on Tuesday, which was being conducted through its wholly-owned subsidiary, Tower Resources Cameroon.

29 Jun 2020 16:03

UK Shareholder Meetings Calendar - Next 7 Days

10 Jun 2020 15:13

Tower Resources narrows losses in preliminary results

(Sharecast News) - Africa-focussed oil and gas company Tower Resources reported a narrowed loss before tax in its preliminary results on Wednesday, of $2.66m (£2.09m), compared to $3.82m in the prior year.

10 Jun 2020 11:07

Tower Resources Reports Tough 2019 Before Virus Hit 2020

30 Mar 2020 18:50

Tower Resources Declares Force Majeure At Thali Project In Cameroon

13 Mar 2020 15:05

Tower Resources shares rise on updated Thali reserves report

(Sharecast News) - Africa-focussed oil and gas company Tower Resources has received an updated independent reserves report from Oilfield International (OIL) on behalf of its wholly-owned subsidiary Tower Resources Cameroon, it announced on Friday, covering its Thali production sharing contract, offshore Cameroon.

13 Mar 2020 12:28

Tower Resources Backs Thali Asset In Cameroon Despite Oil Price Slip

9 Mar 2020 13:20

Tower Resources To Raise GBP500,000 Through Share Placing

2 Mar 2020 15:58

Tower Resources agrees Thali farm-out with OilLR

(Sharecast News) - Africa-focussed oil and gas company Tower Resources has executed binding heads of terms over a farm-out to OilLR of a 24.5% working interest in its Thali production sharing contract in Cameroon, it announced on Monday.

2 Mar 2020 13:28

Tower Resources Signs Thali Farm-In Agreement With OilLR

19 Feb 2020 11:20

Tower Resources Expects To Spud Cameroon Well In June

19 Feb 2020 10:07

Tower Resources planning next steps at Thali

(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on the Thali licence in Cameroon on Wednesday, reporting that it was presently preparing plans for drilling for NJOM-3 well, now that the site survey was complete.

10 Feb 2020 11:39

Tower Resources Optimistic After Friday's NJOM-3 Well Site Survey

4 Feb 2020 15:38

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