Tower Resources PLC (LON:TRP) told investors it wants to drill the hotly anticipated NJOM-3 well in June.
Offshore Cameroon the company has just completed a well site survey and equipment is now being sourced for the planned drill programme.
READ: Tower Resources completes well site survey
Tower also said that it has made “considerable progress” in its farm-out discussions with a number of parties, who may fund some or all of the well costs.
“The company believes that it will be able to complete a farm-out within its desired timeframe for the NJOM-3 well although there can be no certainty as to timing or eventual outcome of such discussions,” it said.