Last 0.90 GBp
Change Today -0.025 / -2.70%
Volume 4.2M
TRP On Other Exchanges
As of 11:30 AM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

tower resources plc (TRP) Snapshot

0.93 GBp
Previous Close
0.93 GBp
Day High
0.93 GBp
Day Low
0.90 GBp
52 Week High
03/7/14 - 7.23 GBp
52 Week Low
06/13/14 - 0.78 GBp
Market Cap
Average Volume 10 Days
-0.0015 GBp
Shares Outstanding
Dividend Yield
Current Stock Chart for TOWER RESOURCES PLC (TRP)

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tower resources plc (TRP) Details

Tower Resources plc operates as an independent oil and gas exploration company in Africa. The company principally holds 30% working interest in 3 contiguous exploration blocks covering an approximately 23,000 square kilometers of area located in offshore Namibia; 80% interest in 2 onshore blocks covering approximately 6,946 square kilometers of area in Zambia; and 20% carried interest in Marovoay Block-2102, covering approximately 8,444 square kilometers of area onshore Madagascar. It also has a 50% interest in 3 exploration licenses, including Guelta and Bojador blocks covering approximately 60,058 square kilometers of area; and Imlili block covering approximately 16,695 square kilometers of area in the Saharawi Arab Democratic Republic. The company is based in London, the United Kingdom.

tower resources plc (TRP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $309.8K
Compensation as of Fiscal Year 2013.

tower resources plc (TRP) Key Developments

Tower Resources PLC Provides Update with Respect to the Welwitschia-1A Well on PEL0010, Offshore Namibia

Tower Resources PLC provided update with respect to the Welwitschia-1A well on PEL0010, offshore Namibia. The Rowan Renaissance drillship commenced drilling operations on PEL0010 on 23 April 2014 and the Welwitschia-1A well spud on 1 May 2014. Repsol Exploration (Namibia) (Pty) Limited ("Repsol"), the Operator of Namibia PEL0010 (Repsol 44% working interest, Tower 30% working interest), has confirmed that the firm commitment well reached total depth of 2,454 metres TVDRT (Total Vertical Depth Below Rotary Table). Logging evaluations indicate that the Palaeocene, Maastrichtian and upper Campanian section reservoirs were less well-developed than prognosed and no hydrocarbons were encountered. Drilling has been behind schedule initially owing to late rig-delivery and operational issues during drilling and logging, including the onset of winter weather conditions. Current expectations from the Operator are that costs will now be around 10% in excess of the $91 million gross firm well budget.

Tower Resources PLC Presents at 11th Africa Independents Forum, Jun-03-2014 02:50 PM

Tower Resources PLC Presents at 11th Africa Independents Forum, Jun-03-2014 02:50 PM. Venue: Royal Institution, 21 Albemarle St, London W1S 4BS, United Kingdom. Speakers: Nigel Quinton, Head of Exploration.

Tower Resources PLC, Annual General Meeting, May 27, 2014

Tower Resources PLC, Annual General Meeting, May 27, 2014., at 15:00 GMT Standard Time. Location: offices of SGH Martineau LLP, 5th Floor.


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