Member Info for passiton

Been in for the long Haul for some time Mag
when it was just Gold and big plans

Q4 2023 Q1/Q2
MOPU – contract, mobilise

Q3/Q4
MOPU to conduct initial production under Temporary Production Authorisation

H2 2024 ANTICIPATED OIL (From 4 wells)

all labels made up , all guesses not fact

Cameroon, now until end of year, planning and prep's to drill

Q1
NJOM-3 Drilling

Q2
NJOM 4 , 5 and 6 Decision time

Q3/Q4
Admin/prep/procurements for NJOM 4-6

Q1/Q2 2024
NJOM 4 , 5 and 6 Drilling

Cameroon license in first exploration period, but block already holds two discovery
wells

Both Namibia and South Africa preparing for new 3D seismic data acquisition

someone posted that first up this morning
it does suggest , we are owed our late news

30th Sept rns , Today or shortly after

not worth reading , all labels are guesswork and anything in the
middle could all be wrong

After NJOM-3 drilled a further 3 quick wells planned to

Increase production from Njonji 1 fault block
Provide production from Njonji 2 fault block
Test/allow production from upper reservoir in
Njonji South fault block and test lower
reservoirs in Njonji South fault block
With no need for further subsurface infrastructure

Thali license , could pay for its own expansion.

Njonji can return capital and support exploration of the Northern fault blocks at little
or no risk, even with poor reservoir performance and outcomes

Smaller levels of oil production from Northern fault blocks could also be handled
through an existing MOPU at Njonji

Larger levels of production could be handled through an upgraded production unit
or tied into existing pipeline network

Can be explored at little or no risk using Njonji cost recovery pool

Potential to add $100s of millions of NPV

https://www.towerresources.co.uk/wp-content/uploads/2022/10/Jeremy_Asher_Tower-Resources_AOW_2022-v4.pdf

https://www.towerresources.co.uk/wp-content/uploads/2022/10/Duncan_Rushworth_Tower-Resources_Thali_AOW_2022-v3.pdf

https://www.towerresources.co.uk/wp-content/uploads/2022/10/Duncan_Rushworth_Tower-Resources_Namibia_FFF_AOW_2022-v3.pdf

His 3 briefings at AOW today

Mohammed Amin Adam, Ghana's Deputy Minister of Energy in charge of petroleum, is confident
that the country's energy sector is on the brink of something big. He says the country can expand
oil production from 180,000–-200,000bl/d now to 500,000bl/d within six years

in the medium deep waters of the prolific Tano Basin, offshore Ghana. Following the success of this
round, a second licensing round is being planned.

JA
has plenty to talk abut to a large audience

event figures

1,800+
Senior delegates

30+
Ministers

500+
Companies

80+
Countries

even a deaf , blind, fisherman with no worm, should get a bite

OB
not come across a live link , just bits on YouTube like

https://www.youtube.com/watch?v=NbkbFGoiIrA

https://www.youtube.com/watch?v=cSlSTGGWa8M

https://www.youtube.com/watch?v=NbkbFGoiIrA

https://www.youtube.com/watch?v=u2J0tHbivro

and some bits and bobs being posted on their own Twitter

@africaoilweek

he rns'd the presentations x3 available on the Tower website , first thing
this morning, someone posted earlier the section on finance

30th September rns - today (30th sep or shortly after) for Bank documents

Every day a day closer, or later , which ever way you look at it

his part of a panel group , should have recently finished , the Tower presentation
1.20pm our time.

OB
as posted yesterday evening, South Africa times , all 1 hour ahead

SNH Cameroon
The National Hydrocarbons Corporation of Cameroon (SNH)

https://africa-oilweek.com/Speaker-list/christopheatangana

JA has two slots tomorrow

https://africa-oilweek.com/Speaker-list/jeremy-asher

more importantly , does he have an update rns , to deliver
before his speech

Also event on Twitter

@africaoilweek

https://africa-oilweek.com/Articles/increased-production-sees-ghana-raise-its-hyd

Production is expected to grow rapidly in the next five years

30th September rns , CEO Statement, confirmation very soon, could be anytime

We have also made progress with the financing of the NJOM-3 well. We received and agreed a
non-binding term sheet for around US$7 million of debt financing from BGFI, the largest bank
in Cameroon.

In June, and BGFI tell us that they are still expecting to have their board's binding approval and
draft documentation in September (today) or shortly after.

In the meantime, we also received a non-binding term sheet for around US$10 million of debt
financing from another bank, the Cameroon branch of one of the largest and oldest banks on
the African continent, which we are presently reviewing.

Today

SNH Cameroon
The National Hydrocarbons Corporation of Cameroon (SNH)

https://africa-oilweek.com/Speaker-list/christopheatangana

JA has two slots tomorrow

https://africa-oilweek.com/Speaker-list/jeremy-asher

more importantly , does he have an update rns , to deliver
before his speech

In addition to the expected financial closure for drilling of the NJOM-3 well on the Thali license
offshore Cameroon, website indicates much upside, away from the Njonji area

Gross mean prospective resources of 111 MMbbls of oil across four identified prospects located
in the Dissoni South and Idenao areas in the northern part of the Thali licence