Tower Resources maintains 2025 target for first oil from Thali licence in Cameroon [Yahoo! Finance]
Borr Drilling Limited Common Shares (BORR)
Company Research
Source: Yahoo! Finance
Tower Resources has received formal notification from the Minister of Mines, Industry, and Technological Development in Cameroon regarding the extension of the First Exploration Period of the Thali production-sharing contract until 2025. Asher explained that the company's primary obligation during this extended period is the drilling of a single well, which Tower intends to fulfill through the drilling of the NJOM-3 well. Tower Resources is actively engaged in discussions with multiple parties regarding asset-level financing for the NJOM-3 well. The company has already contracted the Norve jack-up rig with Borr Drilling for this purpose. According to Borr Drilling's latest advice, the Norve rig is expected to be mobilized to Cameroon between June and August 2024, subject to existing contractual commitments. In Namibia, comprehensive analysis of potential structures, including stratigraphic traps, is underway, with plans for 3D seismic acquisition. Asher expressed optimism for a
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News
- Borr Drilling Limited - Contracting UpdatePR Newswire
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- Borr Drilling sinks as rig suspends operations in Saudi Arabia [Seeking Alpha]Seeking Alpha
- Borr Drilling Limited - Contracting update [Yahoo! Finance]Yahoo! Finance
- Borr Drilling Limited - Contracting updatePR Newswire
BORR
Analyst Actions
- 2/23/24 - Evercore ISI Group
BORR
Sec Filings
- 4/9/24 - Form 6-K
- 4/4/24 - Form 6-K
- 3/27/24 - Form 20-F
- BORR's page on the SEC website