Tower Resources PLC announced it expects to start drilling the NJOM-3 appraisal well offshore Cameroon in early Q2 2027. This follows government approvals progressing for the extension of its Thali licence and a 42.5% farm-out to Prime Global Energies, which has committed $15 million to the project. The company is also advancing a 25% farm-in deal in Namibia, pending ministerial approval. Despite narrowing its first-half operating loss, Tower faces financial uncertainty and needs to complete the farm-out or secure further funding to support its drilling plans.
Tower Resources' plans for the NJOM-3 appraisal well in 2027 provide context for energy sector activity. For readers following energy stocks, here is Pluang's market snapshot as of Sep 28, 2026 13:21 WIB: Among 38 priced US energy stocks, 21 rose and 15 fell today. Notably, Sunrun Inc (RUN) traded at USD 7.99 with a 1-day change of -1.48%, Tidewater Inc (TDW) at USD 84.74 down 1.36%, and Centrus Energy Corp (LEU) at USD 145.07 also down 1.36%. Typical hold times ranged from 15 to 31 days, contrasting with the 52-week price ranges not provided here.
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