Metrics to compare | TOWR | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipTOWRPeersSector | |
|---|---|---|---|---|
P/E Ratio | −0.6x | −8.0x | 5.2x | |
PEG Ratio | 0.00 | 0.00 | 0.00 | |
Price/Book | 0.5x | 0.8x | 1.1x | |
Price / LTM Sales | - | 2.2x | 1.5x | |
Upside (Analyst Target) | - | 54.8% | 24.4% | |
Fair Value Upside | Unlock | 4.6% | 7.1% | Unlock |
Tower Resources plc engages in oil and gas exploration business in Africa. The company holds a 100% interest in the shallow water Thali production sharing contract that covers an area of 119.2 square kilometers located in the Rio del Rey basin, offshore Cameroon; and a 50% interest in the Algoa-Gamtoos license that covers an area of 9,369 square kilometers located in the offshore South Africa. It also holds 80% operating interest in Blocks 1910A, 1911, and 1912B covering an area of approximately 23,297 square kilometers located in offshore Namibia. The company was incorporated in 2004 and is headquartered in London, the United Kingdom.