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Tower Resources CEO updates on Cameroon farm-out and £500k fundraise

Tower Resources PLC's (LON:TRP) Jeremy Asher speaks to Proactive London's Andrew Scott soon after announcing they've raised £500,000 to provide working capital while waiting for a farm-out agreement for its Thali block in Cameroon to complete.

Asher also talks to the recent coronavirus outbreak and how he feels they're well positioned to ride out any uncertainty as well as this morning's dramatic fall in the oil price.

Quick facts: Tower Resources PLC

Price: 0.36 GBX

AIM:TRP
Market: AIM
Market Cap: £4.48 m
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Full interview: 'Major oil firm' expresses interest in Tower Resources'...

Tower Resources PLC's (LON:TRP) Jeremy Asher speaks to Proactive London's Andrew Scott after revealing they're advancing partnering efforts - sharing key technical and commercial information with 'a major international oil company'. Asher says they've shared the information to explore the...

on 4/10/19

2 min read