Tower Resources Secures New Funding to Strengthen African Operations

Investment to Fuel Growth and Exploration in Key Markets

Lagos, Nigeria - March 8, 2023

Tower Resources, a leading independent oil and gas exploration and production company, has announced securing substantial new funding to accelerate its growth and exploration activities across Africa. The investment will support the company's strategic initiatives in key markets, including Nigeria, Cameroon, and Namibia.

Expanded Exploration and Production Capabilities

The funding will enable Tower Resources to expand its exploration and production activities, leveraging its proven expertise and technological capabilities. The company plans to enhance its seismic data acquisition and interpretation, increasing its chances of identifying and extracting oil and gas reserves.

Commitment to Sustainable Development

Tower Resources is committed to sustainable development and environmental stewardship. The company operates in full compliance with international standards and regulations and actively supports local communities through social investment programs. The new funding will allow Tower Resources to further integrate sustainability into its operations, minimizing its environmental impact and maximizing its positive contributions to host communities.

Experienced Leadership and Proven Track Record

Tower Resources is led by an experienced management team with a proven track record in the oil and gas industry. Under their guidance, the company has established a strong operational base in Africa, with a focus on maximizing value for stakeholders while upholding the highest standards of safety and sustainability.

Unlocking Africa's Energy Potential

The investment in Tower Resources is a testament to the growing importance of Africa in the global energy landscape. Africa holds significant untapped oil and gas reserves, and Tower Resources is well-positioned to play a vital role in unlocking this potential. The company's commitment to exploration and sustainable development aligns with the continent's aspirations for energy security and economic growth.

About Tower Resources

Tower Resources is an independent oil and gas exploration and production company focused on Africa. With a portfolio of assets in Cameroon, Namibia, and Nigeria, the company leverages its expertise and technological capabilities to identify and develop oil and gas reserves. Tower Resources is committed to sustainable development and operates in full compliance with international standards and regulations.