Tower Resources

Namibia’s Ministry of Mines and Energy has agreed to extend the initial exploration period of Tower Resources’ offshore PEL96 through Oct. 31.

Tower Resources says Borr Drilling has agreed to make its Norve jackup available for a drilling program offshore Cameroon through October.

The main obligation during the extended term is to drill a well.

Tower Resources has executed a contract with Borr Drilling for use of the jackup Norve to drill the NJOM-3 well next year on the Thali license offshore Cameroon in 2024.

Tower Resources has issued a progress report on recent basin modeling studies over the PEL 96 license offshore Namibia.

Tower Resources is monitoring the litigation concerning Shell's proposed seismic survey off South Africa due to the potential impact on its own plans for the offshore Algoa-Gamtoos...

Tower Resources has negotiated a $7.1 million loan from BGFI Bank Group to support its development program offshore Cameroon.

Tower Resources has issued updates on its exploration activities offshore southern Africa in its latest trading statement.

Tower Resources is close to completing a letter of intent with Shelf Drilling for drilling and testing of the NJOM-3 well offshore Cameroon in fourth-quarter 2022.

Tower Resources expects to drill the NJOM-3 well offshore Cameroon during 1Q 2022, depending on rig negotiations.