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Tower Resources completes well site survey ahead NJOM-3 drilling

Tower is expecting to finalise its drill schedule for the NJOM-3 well this month.

Tower Resources PLC - Tower Resources completes well site survey ahead NJOM-3 drilling

Tower Resources PLC (LON:TRP) told investors that the well site survey is now complete at the Thali licence, offshore Cameroon.

The Geoquip Marine survey vessel MV Investigator completed the survey of the NJOM-3 well site and, whilst analysis is underway, initial findings have led the company to state that the data is “consistent and in line with pre-survey expectations.”

READ: Tower to finalise NJOM-3 well schedule later this month

Tower is expecting to finalise its drill schedule later this month for the NJOM-3 well.

Last month, the Cameroon authorities communicated a decision to approve the company’s plans for NJOM-3. It extended the initial exploration period of the Thali licence (which hosts NJOM-3) for an extra year (it had an expiration date in September 2019).

China Oilfield Services Limited (COSL) is contracted to carry out the well drilling programme.

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Price: 0.465 GBX

AIM:TRP
Market: AIM
Market Cap: £5.14 m
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