Tower Resources PLC saw its shares increase by 9% following updates on regulatory approvals for its exploration projects in Cameroon and Namibia. In Namibia, the final ministerial signature is pending for a farm-out deal involving a 25% interest in PEL96. In Cameroon, formal approvals for a license extension and a 42.5% farm-out interest are expected soon, with drilling readiness for the NJOM-3 well planned for Q2 2027. Despite a weak cash position, the company raised funds recently and expects no further equity financing in 2026 for current commitments.
Tower Resources shares rose 9% amid updates on regulatory approvals in Cameroon and Namibia. For readers following the Energy sector, here is Pluang's market snapshot as of Sep 28, 2026 16:21 WIB: out of 38 priced US stocks, 30 advanced and 6 declined. Notable movers include Occidental Petroleum Corporation (OXY) at USD 58.00 with a 1-day change of +2.00% and Diamondback Energy Inc (FANG) at USD 190.34 with a 1.97% increase.
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