Oil explorer Tower Resources said it planned to start drilling an exploration well offshore Cameroon in June. The company said it was presently preparing drilling plans for the NJOM-3 well, located on its Thali licence. 'Management's present view, subject to further work and confirmation of equipment availability, is that it would like to spud the well in the course of June 2020,' Tower Resources said. Long lead items were already at the company's base in Douala. However, some testing equipment would still need to be mobilised prior to spudding the well, along with personnel, and so the intended start date was still subject to change, it added.
Sign up to our
Subscribe to the latest investing news by entering your email address below
You can opt out at any time.
For five days a week you will get
- The latest company news
- Insight into investment trends
- Round-up of director's buys and sells
- Articles from Shares magazine
Plus more useful investment content and occasional promotional offers.
UK 350 Risers and Fallers
Tweets not available.