RE: Top up7 Aug 2025 12:12
Chatgpt: For Tower Resources to begin drilling in October, the Presidential farmout approval would ideally need to occur well before October, with enough buffer to allow for:
Finalizing the farmout agreement (post-approval).
Securing and mobilizing a rig.
Logistics, permitting, and other operational readiness tasks.
Realistically, what's the latest approval date?
Farmout approval by late August to early September 2025 would be the absolute latest for Tower to have a shot at drilling in October.
Even this is very tight and assumes:
The farminee is ready to act immediately.
Tower has other prep (e.g., rig negotiation, well planning) nearly complete.
No delays in rig availability or equipment logistics.