Tower Resources Reports 2024 Progress with Strategic Farm-Out Agreements

Tower Resources ( (GB:TRP) ) has issued an announcement.

Tower Resources announced its preliminary results for 2024, highlighting significant progress in its operations across Cameroon and Namibia. The company secured extensions for exploration periods in both regions and made substantial advancements in its farm-out process, securing $15 million for the Thali PSC work program. Additionally, Tower Resources executed transformational farm-out agreements with Prime Global Energies, enhancing its financial position and operational capabilities. These developments are expected to positively impact the company’s operations and market positioning, providing a stronger foundation for future growth.

More about Tower Resources

Tower Resources plc is an AIM-listed energy company focused on building a balanced portfolio of energy opportunities in Africa, particularly in the oil and gas sector. The company is advancing operations in Cameroon for short-cycle development and rapid production, while also de-risking exploration licenses in Namibia and South Africa through acquiring 3D seismic data. Tower Resources operates in stable jurisdictions with favorable fiscal terms, leveraging decades of expertise and experience in these regions.

Average Trading Volume: 279,232,556

Technical Sentiment Signal: Hold

Current Market Cap: £7.92M

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