Tower Resources is building an African-based exploration and production group, which intends to have a balanced portfolio ranging from exploration through appraisal to production, primarily through its own origination of opportunities and their organic development.

The company aims to achieve this through:

  • Originating high-potential, entry stage, exploration and appraisal licences with large equity interests (50-100%) that provide the flexibility to farm-out whilst retaining a material exposure in the event of success;
  • Holding smaller equity stakes or royalty interests in production or potential production, whether developed internally or acquired;
  • Maintaining the capacity to operate throughout the exploration and appraisal phase of a licence.