Tower Resources appoints Paula Brancato to its Board as Independent Director and Chair of the Audit Committee

– UK, London –  Tower Resources plc (LON: TRP), the AIM-listed oil and gas company with its focus on Africa, today announced that Paula Brancato has agreed to join the board as an Independent Non-Executive Director, and will also serve as Chair of the Audit Committee.

Paula is an investment advisor with Barnum Financial Group in New York, where she works with clients and also in new venture and market development. Paula holds an MBA from Harvard Business School and FINRA qualifications in the US as both a broker and investment advisor, as well as being a member of the CFA Society New York.

The Company also announced that David Thomas, Non-Executive Director, has decided to step down from the board to pursue his other business interests, notably his interest in Orion Energy plc.

The board would like to thank David for his contribution to Tower since joining in 2017, during which time Tower completed its G&G work on the Njonji structure, planned and designed the NJOM-3 well, and prepared the drilling site for the well itself, in addition to obtaining the PEL-96 license in Namibia. The board wishes him the very best in his future endeavours.

Jeremy Asher, Chairman and CEO, commented: “We are delighted to welcome Paula to the board, even as we are sorry to say goodbye to David. Paula will fill a gap left by Graeme Thomson last year, for a well qualified financial professional to oversee our audit committee, and she will also bring a fresh set of eyes to all of our commercial and risk management. We anticipate further additions to the board as we ramp up operations again after the pandemic, which we hope will be soon.”

For more information: https://www.towerresources.co.uk/