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Tower appoints new chief to spearhead development
Posted 30.05.2012 10:57:45 av John Bradbury
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UK-based African explorer Tower Resources has appointed a new chief executive who previously co-founded another independent E&P company..

Graeme Thomson is appointed as the new chief executive of Tower Resources after previously co-founding Sterling Energy which he left as chief executive in 2009.

He has also worked as finance director at Dragon Oil and chair's the audit committee for Falkland's explorer Desire Petroleum.

Tower's chairman Jeremy Asher said Thomson will help spearhead the company's future development including assets in Namibia, and Thomson himself says he is joining at a “pivotal time” in the company's development. “This is a great moment to be in the oil sector in Africa, and especially in Namibia.”

Currently the company is gearing up to drill and exploration well in 2013 in Namibian licence 0010, operated by Arcadia Namibia Expro, where an independent report has identified five targets within a structure designated “Delta” which if oil bearing, is thought to contain up to 9.3 bn barrels of recoverable oil and 14.trillion cubic feet of gas.
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