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Tower Commences ESIA Process for Drilling on Thali Licence

Source: 12/11/2017, Location: Africa

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Tower Resources plc, the AIM listed oil and gas company with its focus on Africa, is pleased to announce the award to CIME Services Sarl of Cameroon ("CIME") of a contract for support in preparing an Environmental and Social Impact Assessment ("ESIA") for the drilling of multiple wells on Tower's Thali licence in Cameroon.

The ESIA is a process governed by the Ministry of Environment, Nature Protection and Sustainable Development of Cameroon ("MINEPDED"). The contract has been awarded following a competitive tender among three companies, and covers the preparation and approval by MINEPDED of the terms of reference of the ESIA, the preparation of a stakeholder consultation report, and support through public hearings and the submission of the ESIA report to the MINEPDED for approval.

The completion and approval of the ESIA constitutes an important step before launching the drilling campaign on the Thali license.

CIME is a highly experienced firm in conducting oil and gas ESIAs in Cameroon. It is expected that the ESIA process will be completed by June 2018.

Jeremy Asher, Chairman & CEO, commented:

"Commencing the ESIA process now is important to enable Tower to be in a position to commence drilling in the second half of 2018. We look forward to working with CIME and MINEPDED on the assessment, and will update shareholders as the work proceeds. This represents a further step towards our goal of reaching oil production at Thali as soon as possible."

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