Tower Resources focuses on near-term opportunity in South Africa (Scandinavian Oil-Gas Magazine)

Tower Resources focuses on near-term opportunity in South Africa

Published Feb 17, 2016

Tower Resources updates with regards to its interests in the SW Orange Basin Technical Co-operation Permit ('TCP') and the Algoa-Gamtoos Exploration Right ('Algoa-Gamtoos ER') offshore South Africa.

Tower's wholly-owned subsidiary, Rift Petroleum Limited ('Rift', 50% interest) and its partner, New African Global Energy SA (Pty) Ltd ('New Age', 50% interest, operator), have agreed not to proceed with an application to convert the TCP for this ultra deep-water frontier area into an exploration right.

Tags: Tower Resources plc

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