Tower Awards Seismic Data Reprocessing Deal to DMT Petrologic

Tower Resources has awarded DMT Petrologic a contract to reprocess 3D seismic data over and around Tower’s Thali license in Cameroon.

The contract covers merging and reprocessing data from five existing surveys, to cover an area of approximately 500 km2.

The area includes Thali block and the surrounding region, encompassing both the three discovery wells on the Thali block itself, and additional key wells which will provide further data control, the company explained.

The reprocessing work will achieve higher resolution imaging and obtain additional information to upgrade the existing prospect inventory on the Thali block, which is located in the Rio del Rey basin, offshore Cameroon in water depths ranging from 8 to 48 meters.

Jeremy Asher, chairman & CEO of Tower Resources said: “This work will allow us to make a more detailed evaluation of the many prospects on the Thali block, including the existing discoveries at Njonji and Rumpi. We expect to crystallize greater confidence in the volumetric estimates of existing leads and prospects as well as identifying new ones. This will form the basis for our drilling plans, to be confirmed via a Competent Person’s Report (CPR) next year. We look forward to working with DMT Petrologic and will update shareholders as the work proceeds. We are also finalizing our plans for an environmental survey in advance of drilling on the Thali block, and will advise further when those arrangements are complete.”

 

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