Tower Resources PLC (LSE:TRP) has reported its interim results for H1 2025, highlighting notable progress across its African operations in Cameroon and Namibia. The company finalized farm-out agreements for its Thali license in Cameroon and PEL96 in Namibia, attracting significant investment from Prime Global Energies Limited.
Although government approvals have experienced delays, Tower Resources remains optimistic about beginning drilling operations in Cameroon by early 2026. In Namibia, the company is moving forward with seismic data acquisition plans. Meanwhile, in South Africa, discussions for a joint venture license are ongoing, though no substantial progress has yet been made.
About Tower Resources
Tower Resources PLC is an Africa-focused energy company specializing in the exploration and development of oil and gas assets. The company holds interests in offshore licenses in Cameroon and Namibia and participates in joint ventures in South Africa, aiming to expand its presence in the African energy market.
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