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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 that its subsidiary Rift Petroleum Ltd ("Rift"), together with Operator and 50% partner New Age Energy Algoa (Pty) Ltd ("New Age"), has now formally agreed to enter the Second Exploration Period of the Algoa-Gamtoos license offshore South Africa. The Company also notes the recent announcements from Total S.A. ("Total") and Africa Energy Ltd ("Africa Energy") regarding the results of the Luiperd-1X well, which has reported a further significant gas condensate discovery in...

South Africa: Tower Resources enters Second Exploration Period of the Algoa-Gamtoos license offshore South Africa 16 Dec 2020 Rift Petroleum, together with Operator and 50% partner New Age Energy Algoa, has now formally agreed to enter the Second Exploration Period of the Algoa-Gamtoos license offshore South Africa. The Company also notes the recent announcements from Total and Luiperd-1X well, which has reported a further significant gas condensate discovery in Block 11B/12B (Total 45% and Operator, Qatar Petroleum 25%, CNR International 20% and Main Street 1549 Proprietary Ltd 10%) loc...

Dec 16, 2020 1:25:pm Summary by: Joe Murphy Junior partners New Age Energy and Tower Resources have agreed to extend their licence for the Algoa-Gamtoos area off South Africa, taking... Posted in:

16 December 2020 | 09:23am StockMarketWire.com - Oil company Tower Resources said it and partner New Age Energy Algoa had agreed to progress to the second exploration phase for the Algoa-Gamtoos license offshore South Africa. The second exploration period would run for two years from 17 November 2020, with a work programme that included a further 300 square kilometres of 3D seismic data acquisition in the license area. Tower Resources also noted that French oil giant Total and Africa Energy had made a further significant gas and condensate discovery at a block adjacent to the Algoa-Gamtoos li...