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IN BRIEF: Tower Resources gets further extension for Thali license Wed, 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 particul...

  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 detail...

Nzube Nlebedim, Nigeria Field Editor February 4, 2021 Image: YouTube Following the one-billion-dollar acquisition of OML 17from Shell last month, Heirs Oil & Gas Ltd. has pledged to boost production from the onshore block to 100,000 barrels per day (bpd).   Success in achieving the production target would not only restore the block to its peak production level, but also make Heirs Oil & Gas Ltd. one of the largest indigenous operators in the country by output, alongside Seplat Petroleum Development Company, Atlas Petroleum International and Oranto Petroleum, Ai...

ON THE GO Gbenga Daniel: I joined APC because it offers many options Gbenga Daniel, a former governor of Ogun, says he joined the All Progressive Congress (APC) because the party “offers too many options”.Advertisement Daniel spoke on Monday when he was received... Reps panel summons army chief, Emefiele over arms purchase A house of representatives committee has summoned Attahiru Ibrahim, chief of army staff (COAS), to clarify issues concerning arms purchase for the Nigerian army.Advertisement The ad hoc committee on arms... Akeredolu: Promoters of Oduduwa Republic are ...

Nigerian independent producer Heirs Oil & Gas Ltd. plans to restore an oil block acquired from Royal Dutch Shell Plc to its former output levels to make it one of the country’s biggest local operators. Heirs finalized last month its purchase of an operating stake in a permit known as Oil Mining Lease 17 in a deal worth more than $1 billion. The transaction is the latest in which Nigerian firms have bought onshore or shallow offshore licenses from international oil majors that are reducing their exposure to risks associated with community relations and increasingly focused on developing deep...