Tower Resources says gas discovery made near its South Africa prospect

Writer, Stock Market Wire
Friday, February 8, 2019 - 08:01

Tower Resources noted that a joint venture led by Total had made a significant gas and condensate discovery proximate to one of its assets offshore South Africa.

The Brulpadda well encountered 57 metres of net pay in Block 11B/12B.

The block was located adjacent to the Algoa-Gamtoos licence, 50%owned by operator New Age Energy Algoa and 50%-owned by Tower.

At 8:01am: (LON:TRP) Tower Resources PLC share price was +0.08p at 0.98p

Related content

Tower Resources seeks bridging loan as it negotiates wider funding package

Tower Resources said it would raise short-term financing of up to $750k via a bridging loan as it attempts to bed down funding for prospects...

Tue, 16/04/2019 - 08:20

Tower Resources hires rig for new well offshore Cameroon

Tower Resources said it had hired a rig from Vantage Drilling International for a new well at its Thali licence offshore Cameroon.

The NJOM-3 well...

Fri, 07/12/2018 - 07:19

Tower Resources signs agreement with Namibian for three offshore oil blocks

Tower Resources said it had signed a petroleum agreement with the Namibian government related to its interest in three offshore oil blocks.

The company has...

Wed, 07/11/2018 - 09:36

Tower Resources JV seeks new investor for South Africa mining prospect

Tower Resources said its partner in South Africa had appointed an adviser to conduct a sale process for a material share in their Algoa-Gamtoos licence...

Fri, 21/09/2018 - 09:44

Tower Resources granted Thali licence extension in Cameroon

Tower Resources said it had been granted a one year extension to the expiration date of the Thali licence in Cameroon.

The extension was granted...

Mon, 17/09/2018 - 09:29