31st Mar 2021 22:05
Tower Resources PLC - Africa-focused oil and gas company - Says Government of the Republic of Cameroon has notified its subsidiary that the president of the Republic has approved a further extension of the First Exploration Period of the Thali license. Company is now awaiting a formal confirmation from the Minister of Mines, Industry & Technological Development of the details of the extension.
"We are grateful to the Republic of Cameroon for their continued support of the Thali project, and in particular to the President of the Republic, the Secretary General of the Office of the Presidency, and the Prime Minister for taking a direct interest in our activity, as well as the Minister of Mines, Industry and Technological Development and his staff and all the staff at the Societe Nationale de Hydrocarbures who have supported us during this First Exploration Period. We are looking forward to seeing the NJOM-3 well drilled as soon as possible, and we will notify investors when we have more material developments," says Chair & CEO Jeremy Asher.
Current stock price: 0.30 pence
Year-to-date change: 21% lower
By Arvind Bhunjun; [email protected]
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