Tower Resources has secured a one-year extension to the exploration period for its Thali licence in Cameroon, now valid until October 2027. This extension keeps the project on track for a planned drilling campaign in the second quarter of 2027. The company is working towards final approvals and completing a farm-out deal of 42.5% interest to Prime Global Energies. If drilling results are positive, Tower Resources plans further production wells and oil output starting in 2028 using a mobile production unit.
Tower Resources' licence extension news is presented here with relevant market data for context. For readers following the energy sector, of 38 priced US energy stocks tradable on Pluang, 12 rose and 26 fell today. Notable movers include Canadian Natural Resources Ltd. (CNQ) at USD 48.34 with a +2.70% change and a typical hold time of 71 days, Noble Corporation plc (NE) at USD 40.70 with a -2.49% change and a typical hold time of 25 days, and Suncor Energy Inc. (SU) at USD 69.55 with a +2.48% change and a typical hold time of 57 days. Data is as of Oct 05, 2026 13:41 WIB.
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