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Tower Resources plc (TRP.L, TRP LN), the AIM listed oil and gas company with its focus on Africa, is pleased to announce an update regarding planned operations on the Thali license (the PSC ) in Cameroon held by its subsidiary Tower Resources Cameroon SA ( TRCSA ), and the NJOM-3 well.
The Government of the Republic of Cameroon has notified TRCSA that the President of the Republic has approved a further extension of the First Exploration Period of the PSC, and the Company is now awaiting a formal confirmation from the Minister of Mines, Industry and Technological Development of the details of the extension. As previously announced, the Company declared Force Majeure in March 2020 in respect of the First Exploration Period of the PSC, in light of the restrictions required to combat the Covid-19 pandemic.