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Tower Resources ( (GB:TRP) ) has shared an announcement.
Tower Resources PLC has announced its interim results for the first half of 2025, highlighting significant progress in its operations in Cameroon and Namibia. The company executed farm-out agreements for its Thali license in Cameroon and PEL96 in Namibia, securing substantial investments from Prime Global Energies Limited. Despite delays in government approvals, Tower Resources remains confident in commencing drilling operations in Cameroon by early 2026. In Namibia, the company is advancing its seismic data acquisition plans, while in South Africa, ongoing discussions for a joint venture license are yet to yield significant progress.
More about Tower Resources
Tower Resources PLC is an Africa-focused energy company primarily engaged in the exploration and development of oil and gas assets. The company holds interests in licenses offshore Cameroon and Namibia and is involved in joint ventures in South Africa, focusing on expanding its footprint in the African energy market.
Average Trading Volume: 252,615,831
Technical Sentiment Signal: Sell
Current Market Cap: £9.82M
See more insights into TRP stock on TipRanks’ Stock Analysis page.