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Tower Resources updates drilling operations for the Welwitschia-1 well


Published May 22, 2014
Tower Resources plc

Tower Resources plc provides an update on drilling operations for the Welwitschia-1 well. In summary, there has been a delay to the drilling schedule. It presently appears that the financial consequence for the Company will not be material, but the Company does not expect drilling operations to recommence until the end of May.

On 23 April 2014, through its wholly-owned subsidiary, Neptune Petroleum (Namibia) Limited (Neptune), Tower announced that it had received formal notification from Repsol Exploration (Namibia) (Pty) Limited (Repsol), the operator of Namibia PEL0010 (Neptune 30% working interest), that the Rowan Renaissance Drillship spudded the Welwitschia-1 well at 14:40 GMT.

Tags: Tower Resources plc




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