Tower Resources PLC (LON:TRP) told investors that the well site survey is now complete at the Thali licence, offshore Cameroon.
The Geoquip Marine survey vessel MV Investigator completed the survey of the NJOM-3 well site and, whilst analysis is underway, initial findings have led the company to state that the data is “consistent and in line with pre-survey expectations.”
READ: Tower to finalise NJOM-3 well schedule later this month
Tower is expecting to finalise its drill schedule later this month for the NJOM-3 well.
Last month, the Cameroon authorities communicated a decision to approve the company’s plans for NJOM-3. It extended the initial exploration period of the Thali licence (which hosts NJOM-3) for an extra year (it had an expiration date in September 2019).
China Oilfield Services Limited (COSL) is contracted to carry out the well drilling programme.