Tower Resources PLC looks forward to NJOM well as extension details are confirmed
“We are looking forward to seeing the NJOM-3 well drilled as soon as possible,” said CEO Jeremy Asher
() has received formal confirmation from the Cameroon authorities of the details for the extension to the Thali license out to May 2022.
In a statement it said that the Minister of Mines, Industry and Technological Development (MINMIDT) confirmed the details of the extension to the first exploration period, which allows the company to proceed to finalise its schedule for the drilling and testing the NJOM-3 well.
“We are once again grateful to the Republic of Cameroon and to the Minister of Mines, Industry and Technological Development and his staff for their continued support of the Thali project, and also 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 all the staff at the Societé Nationale de Hydrocarbures who have supported us during this first exploration period,” said Tower chief executive Jeremy Asher.
“We are looking forward to seeing the NJOM-3 well drilled as soon as possible, and we will have more news for investors about the schedule in due course.”
Amidst the pandemic the company declared force majeure as COVID-19 restrictions prevented it from advancing the well programme.
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