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About Tower Resources
Its shares trade on LSE under the ticker TRP.L. It has been listed since 17 January 2006.
Tower Resources Plc engages in exploration and development of oil and gas resources. The firm has exploration projects in Cameroon, South Africa, Zambia, and Sahawari Arab Democratic Republic (SADR). The firm has two segments: Africa and Head Office. The firm is an operator of international licenses with a focus on projects in Africa. The company holds an interest in Thali Production Sharing Contract (PSC) in Cameroon, which covers an area of approximately 120 square kilometers (kms) and lies in the prolific Rio del Rey basin, in the eastern part of the Niger Delta. The company holds an interest in Algoa-Gamtoos license, South Africa, which covers an area of approximately 11,800 square kms. The company also holds an interest in the offshore Guelta and Imlili blocks, and the onshore Bojador block in the SADR, which covers an area of approximately 72,700 square kms. The company has interests in blocks 40 and 41 of the frontier Zambezi Basin, which covers an area of approximately 6,950 square kms. The firm has no revenues.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 17 Jan 2006
- Employees
- 7
- Website
- towerresources.co.uk ↗
Leadership
Pay as last reported
- Mr. Jeremy AsherChairman of the Board, Chief Executive Officer, since 2007$77,525
- Dr. Mark EnfieldExecutive Director, since 2020$38,457
- Ms. Paula BrancatoNon-Executive Independent Director$38,292
- Ms. Stacey KivelNon-Executive Independent Director$19,338
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Tower Resources PLC boasts a strong financial position, which provides them with the necessary resources to make strategic investments and secure innovative technologies for exploration and production purposes. This financial strength enables the company to withstand market fluctuations and seize opportunities promptly.
- Tower Resources PLC maintains a diversified portfolio of oil and gas assets across multiple geographical locations. This diversification helps mitigate risk and reduce the impact of geopolitical and economic factors on their overall performance. It allows the company to adapt to changing market dynamics and capture opportunities in various regions.
Weaknesses
- Tower Resources PLC is highly dependent on external factors such as oil prices, government policies, and regulatory frameworks. Fluctuating oil prices pose a significant risk to their profitability, and changes in regulations can impact their operations. This reliance on external factors exposes the company to uncertainties and potential vulnerabilities.
- Tower Resources PLC faces challenges in terms of limited market presence compared to some of its larger competitors. This can hinder their ability to compete for major projects and secure lucrative partnerships. The company needs to invest in strategic marketing efforts and expand its visibility in the industry to effectively capture market share.
Opportunities
- Tower Resources PLC can leverage the increasing global demand for energy resources. As the population grows and economies develop, there is a continued need for oil and gas. The company can explore untapped markets and focus on expanding their production capabilities to meet this rising demand.
- Rapid technological advancements present an opportunity for Tower Resources PLC to enhance their exploration and production processes. The company can invest in innovative technologies such as advanced seismic imaging and drilling techniques to improve efficiency, reduce costs, and boost extraction rates, thereby enhancing their competitive edge.
Threats
- Tower Resources PLC faces the constant threat of volatile oil prices, which can significantly impact their profitability and cash flow. Factors such as global supply and demand imbalances, geopolitical tensions, and economic downturns can lead to rapid price fluctuations, potentially affecting the company's financial stability and investment decisions.
- Tower Resources PLC operates in multiple jurisdictions, and changes in political landscapes and regulatory frameworks pose inherent risks. Political instability, resource nationalization, and stringent environmental regulations can affect the company's operations and profitability. Close monitoring and adaptability to evolving political and regulatory environments are crucial for mitigating these risks.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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