Jeremy Asher, Chairman and CEO

Jeremy Asher BSc (Econ), MBA, MEI

Chairman and Chief Executive Officer

Jeremy, in addition to his role in Tower, is Chairman of Agile Energy Limited, a privately held energy investment company, and Senior Independent Director at Block Energy Limited, an AIM-listed exploration and production company with operations in the Republic of Georgia. Until November 2018 he also served as a Director of NYSE-listed Pacific Drilling SA, where he chaired the Remuneration Committee and was a member of the Restructuring Committee. He has also served as Deputy Chairman of LSE-listed Gulf Keystone Petroleum Ltd (until June 2014) and TASE-listed Oil Refineries Ltd (until December 2014). Following several years as a management consultant, he ran the global oil products trading business at Glencore AG and then acquired, developed and sold the 275,000 b/d Beta oil refinery at Wilhelmshaven in Germany. Between 1998 and 2001 he was CEO of PA Consulting Group, and since that time has been an investor and Director in various public and private companies.

Dr Mark Enfield BSc(Hons), PhD

Executive Exploration Director

Mark is a geoscientist with over 40 years’ experience in the oil and gas E&P industry, and a doctorate in structural geology from the Royal School of Mines, Imperial College, London. Mark has been an advisor to the Company’s board since 2013, was a non-executive director of the Company since 2020 and became an executive director, with the role of Exploration Director in 2024.

After an early career working for a large US independent operator in various exploration roles in Central and Eastern Europe and East Africa, and development projects in the Gulf of Mexico in the 1980’s and 1990’s, Mark founded P.D.F. Ltd in 1994 and ran this highly successful UK-based international E&P consultancy for 25 years. PDF specialised in delivering successful exploration and new ventures projects and operating exploration assets on behalf of companies across the E&P industry spectrum, from small independents to super-majors, focusing on delivering technical success and commercial value. Mark and his team at PDF developed the model of partnering with oil and gas companies in collaborative ventures as the ‘Outsourced E&P Department™ (OExD®)’, where PDF provided a full spectrum, subsurface geoscience function to support their partner clients’ exploration efforts, where PDF acted as sub-surface operator for the assets.

PDF was acquired by the larger international energy consultancy EPI Group in 2016 and now continues as the Geoscience function within EPI. He remains in an advisory role as CEO of Geoscience at EPI. Mark also founded TerraMod Ltd, a specialist basin modelling and oil generation simulator software and consultancy provider to the exploration sector. He founded the PDF Fellowship (for collaborative research within the oil and gas industry) based at Plymouth University in 2005, which provided a forum for global experts to participate in active exploration and development projects and apply their cutting-edge geoscience specialisations to these projects.

Paula BrancatoPaula Brancato MBA, FINRA, CFP

Independent Non-Executive Director

Paula is an investment advisor with Barnum Financial Group in New York, where she works with clients and also in new venture and market development. Paula holds an MBA from Harvard Business School and FINRA qualifications in the US as both a broker and investment advisor, as well as being a member of the CFA Society New York. Paula is chair of the Audit Committee.

Stacey KivelStacey Kivel JD, BS

Independent Non-Executive Director

Stacey has more than two decades experience in senior E&P management including Head Corporate Counsel, and Company Secretary, working across business development and investor relations for oil exploration operators with assets in Africa. As a California qualified lawyer with a degree in Finance, she assisted these entrepreneurial companies with their commercial activities, including the raising debt and equity finance. Stacey is also familiar with both Cameroon and Tower, having served as consultant corporate counsel to Tower between 2013 and 2016 where she was mandated with securing the successful acquisition of the Thali block in Cameroon and assisted the Company with its other African interests. Stacey is a partner at the city firm, McCarthy Denning, volunteers as Co-Chairperson of the Geoscience Energy Society of Great Britain and is a non-executive Director of Gcorp Strategies Incorporated, a Canadian critical minerals company with assets in Burundi and Cameroon. Stacey is Chair of the Remuneration Committee.

Stacey will also serve as the Chair of the Renumeration Committee.