Tower Resources Plc (TRP)
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Tower Resources Plc Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. Jeremy Benjamin Gerald Asher B.Sc., BSc (Econ), M.B.A., MEI CEO | LSE Exchange | - ISIN |
| United Kingdom Country | 6 Employees | - Last Dividend | 7 Apr 2016 Last Split | - IPO Date |
Overview
Tower Resources Plc is an established player in the oil and gas exploration sector with a focused geographical footprint in Africa. Since its incorporation in 2004, the company has dedicated its resources to identifying and developing oil and gas reserves across the continent, leveraging its expertise in the field to secure significant interests in various exploration blocks. Headquartered in London, United Kingdom, Tower Resources has cultivated a portfolio that includes key assets in offshore Cameroon, South Africa, and Namibia, positioning itself as a significant entity within the African oil and gas exploration landscape.
Products and Services
- Thali Production Sharing Contract in Cameroon
Holding a 100% interest in this project, Tower Resources oversees exploration activities in an area covering 119.2 square kilometers within the Rio del Rey basin, offshore Cameroon. This strategic asset underscores the company's commitment to extracting value from high-potential regions, leveraging the rich hydrocarbon reserves situated beneath the Cameroon coastline.
- Algoa-Gamtoos License in South Africa
With a 50% interest, Tower Resources is co-venturing in the exploration of the Algoa-Gamtoos license. This expansive zone spans 9,369 square kilometers, positioned in the waters off South Africa. The collaboration in this venture highlights Tower's strategic partnerships and its capacity to undertake large-scale exploration efforts in the quest for new oil and gas fields.
- Walvis Basin and Dolphin Graben Exploration in Namibia
This operation showcases Tower's 80% operating interest in the northern segments of the Walvis Basin and the Dolphin Graben. The exploration covers an area approximately 23,297 square kilometers large, placing Tower Resources at the forefront of tapping into Namibia's emerging oil and gas potential. This substantial engagement reflects the company's ability to manage extensive exploration projects and its ambition to be a leading explorer in Africa.
