About us
Company strategy
Tower Resources targets exploration licences, currently focused on Africa, where potential is thought to exist by analogy to similar hydrocarbon provinces elsewhere. This is a high risk high reward strategy. The aim is to secure Licences before they attract the interest of larger oil industry players.
Uganda Licence EA5 was signed not long before the first oil discovery was made and Namibia Licence 0010 was signed at a time when it was thought to be too far from existing discoveries to warrant early exploration activity.
Tower aims to facilitate the early stages of exploration by seeking most of the investment commitment from third parties and, in the event of success, to secure value for its shareholders before major development expenditure is required.
