Cameroon: Tower Resources provides update on the Thali licen

Cameroon: Tower Resources provides update on the Thali licence, offshore Cameroon


Cameroon: Tower Resources provides update on the Thali licence, offshore Cameroon
19 May 2021
Thali license in Cameroon held by its subsidiary Tower Resources Cameroon, and the
NJOM-3 well.
The Company has now received formal confirmation from the Minister of Mines, Industry and Technological Development ('MINMIDT') of the details of the formal
extension of the First Exploration Period of the PSC. 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, and on 31 March 2021 the Company announced that the President of the Republic had also approved a formal extension of the First Exploration Period.

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