Cameroon: Tower finds Thali partner
Issue 411
- 12 Mar 2020
| 1 minute read
AIM-listed Tower Resources has identified a farm-out partner for the Thali Block in the Rio del Rey Basin, where a well is planned for June. Tower said on 2 March that it had executed binding heads of terms for Australia’s OilLR Pty Ltd to take a 24.5% working interest. The farm-out covers $7.5m towards the Njom-3 well, which is expected to cost $15m-$16m, of which some $3m has been spent.
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map
Register