Tower Resources Advances African Energy Exploration

Tower Resources (GB:TRP) has released an update.

Tower Resources PLC, an Africa-focused energy company, has progressed in its energy exploration efforts with key developments in Cameroon and Namibia. In Cameroon, the company is reviewing a farm-out proposal to finance the drilling of the NJOM-3 well, which could lead to production earlier than anticipated. Meanwhile, in Namibia, the Ministry of Mines and Energy has agreed to extend seismic data acquisition timelines, supporting the company’s plans to further assess promising structures on its PEL 96 license.

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