Everything You Need to Know About Tower Resources

About Tower Resources

Tower Resources is an oil and gas exploration and production company focused on Africa. The company's primary asset is the Thali license offshore Cameroon, which contains the Njonji oil field. Tower Resources also has interests in licenses in Namibia, Botswana, and Madagascar.

Tower Resources' Financial Performance

Tower Resources has been profitable in recent years. In 2021, the company reported revenue of $235 million and net income of $45 million. The company's financial performance has been driven by strong oil prices and production from the Njonji oil field.

Tower Resources' Outlook

Tower Resources' outlook is positive. The company has a number of promising exploration prospects in Africa, and it is expected to continue to benefit from high oil prices. The company is also looking to expand its operations into new countries.

Risks to Tower Resources

Tower Resources faces a number of risks, including:

• The price of oil is volatile and could decline in the future.
• Tower Resources' operations are concentrated in Africa, which is a politically and economically unstable region.
• Tower Resources has a limited track record of success.

Conclusion

Tower Resources is a small but promising oil and gas exploration and production company. The company has a number of promising exploration prospects in Africa, and it is expected to continue to benefit from high oil prices. However, the company also faces a number of risks, including the volatility of the oil price and the concentration of its operations in Africa.