Tower Resources Share News (TRP)
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Tue, 30th Jun 2020 20:49
Tower Resources PLC - Africa-focused oil and gas company - Says first payment into escrow in relation to Thali, Cameroon production-sharing contract expected in late July or first half of August. Backstop date for completion of agreement with OilLR Pty Ltd moved to September 15.
Current stock price: 0.33 pence
Year-to-date change: down 18%
By Eric Cunha; ericcunha@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
Tower Resources awaits Cameroonian government farm-out approval
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(Sharecast News) - Africa-focussed oil and gas company Tower Resources announced on Tuesday that the documentation of its farm-out of a 49% non-operating working interest in its Thali Production Sharing Contract (PSC) in Cameroon to Beluga Energy, conducted through its wholly-owned subsidiary Tower Resources Cameroon, was now finalised.
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Read more(Sharecast News) - Africa-focussed oil and gas company Tower Resources has executed a binding heads of agreement over a farm-out to Beluga Energy, of a 49% non-operating working interest in its Thali production sharing contract in Cameroon, it announced on Tuesday.
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