Tower Resources: Award of Reserves Report Contract to Oilfield International Ltd
Tuesday 10 April 2018
Tower Resources plc, the AIM listed oil and gas company with its focus on Africa, announced the award to Oilfield International Ltd (“OIL”) of a contract to act as Competent Person (“CP”) and prepare a Reserves Report in respect of Tower’s Thali license in Cameroon.
The contract, awarded following a competitive tender, will cover a review of Tower’s work on the Thali license to date, including historical well data and regional datasets. The preliminary reprocessed 3D seismic data, which Tower has now received from DMT Petrologic, together with the final dataset to be received over the next couple of weeks, will also be incorporated into the Reserves Report. OIL expects to complete its work during May 2018, with the report expected to be completed and available reasonably soon after.