Brief: Tower Resources Applies For One-Year Extension Of Initial Exploration Period Of PSC

Tower Resources

27/04/2023 07:33

April 27 (Reuters) - Tower Resources PLC  TOWR.L :
    * CAMEROON UPDATE
    * APPLIED FOR A ONE-YEAR EXTENSION OF INITIAL EXPLORATION
PERIOD
OF PSC
    * DISCUSSIONS CONTINUE WITH RIG OWNERS AND OPERATORS WITH
AIM TO
SECURE RIG AVAILABILITY IN THIRD AND Q4 OF THIS YEAR TO DRILL AT
NJOM-3
    * DISCUSSION FOR A TERM LOAN OF APPROXIMATELY $7 MILLION
WITH BGFI
BANK GROUP IS ONGOING
    * COMPANY IS ALSO ACTIVELY DISCUSSING ASSET-LEVEL FINANCING
WITH
SEVERAL PARTIES

Source text for Eikon:  ID:nRSa6149Xa 
Further company coverage:  TOWR.L 

 ((Reuters.Briefs@thomsonreuters.com;))