Africa-focused Tower announced in July theconditional acquisition of private exploration company Wilton Petroleum, which holds a 20% interest in the Marovoay Block 2102, for an initial consideration of $1.75 million in cash and 120 million in Tower shares. At Tuesday’s closing price, Wilton valued the shares at $4.2 million.
Wilton was being carried by the block operator, Ophir Energy, for one firm exploration well, which was scheduled to be drilled by mid-April 2014.
However,
