Tower Resources (LSE:TRP) has expanded its Bridge Loan by £250,000, raising the total facility to £1,000,000. The additional funds will provide working capital for drilling the NJOM-3 well on the Thali license in Cameroon. This financing aligns with the company’s strategy to keep its drilling schedule on track while ongoing license extension and farm-out approvals are processed, underlining its commitment to advancing energy operations in Africa.
About Tower Resources
Tower Resources plc is an AIM-listed energy company focused on building a diversified portfolio of oil and gas assets across Africa. The company is advancing operations in Cameroon to generate cash flow through short-cycle development and rapid production, while mitigating exploration risks in Namibia and South Africa through the acquisition of 3D seismic data.
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