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The latest update is out from Tower Resources ( (GB:TRP) ).
Tower Resources has issued a Letter of Award to ADES for a jack-up rig to drill the NJOM-3 well on its Thali license in Cameroon, scheduled for Q4 2025. This strategic move, facilitated by the rig’s existing commitments in Cameroon, is expected to enhance Tower’s operational efficiency and align with its broader strategy of leveraging favorable commercial terms and coordinating with other regional operators.
More about Tower Resources
Tower Resources plc is an AIM-listed energy company focused on building a balanced portfolio of energy opportunities in Africa, particularly in the oil and gas sector. The company is advancing its operations in Cameroon to generate cash flow through short-cycle development and rapid production, while also de-risking exploration licenses in Namibia and South Africa through the acquisition of 3D seismic data.
Average Trading Volume: 281,260,416
Technical Sentiment Signal: Strong Sell
Current Market Cap: £5.86M
See more data about TRP stock on TipRanks’ Stock Analysis page.
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