Tower Resources plc provided Cameroon Operational Update. Tower is in the final stages of planning the NJOM3 well, which will be drilled to a total depth of 1,100 metres intersecting at least three reservoir zones already identified by the NJOM1B and NJOM2 discovery wells drilled on the Njonji structure by the previous operator Total. The well is designed to confirm the greater reservoir thicknesses observed on the reprocessed 3D seismic in the up-dip area of the structure and also evaluate additional reservoirs that were not present in the areas where Total's wells are located. The NJOM3 well is designed to supplement Total's well data with a suite of measurement and logging tools and drill stem test flows to surface. The Company's intention is then to suspend the well with a view to subsequent completion as one of four initial production wells on the structure, as envisaged in the Reserve Report prepared by Oilfield International Limited on 31 October 2018. This first phase of development envisaged by the Reserve Report, aiming to exploit the 2C contingent resources already identified in the structure, aims to provide significant production to Tower in 2020. Since the Company's last update, the following operational progress has been made: The Topaz Driller, the Vantage rig which Tower has contracted to drill the NJOM3 well, is currently expecting to complete operations for its current charterer in Gabon in mid-May, which should make it possible to spud the NJOM3 well in the last week in May 2019; The final location of the NJOM3 well has been agreed with Société Nationale des Hydrocarbures; A full drilling team is now in place and operating from the Company's offices in Douala and the AMT logistics base there; All long lead items have now been acquired and all services contracted on the basis of a late-May spud date, though this date is still subject to slippage depending on the operations of the current charterer of the Topaz Driller; A debris survey and other site preparation work are underway; and Anticipated cost of the well remains in previously disclosed ranges of around $10 million dry hole cost and around $14 million including well planning and testing. As previously disclosed, the Company is planning to use a combination of bank financing and own or partner equity to fund the first phase of development at Njonji, including the proposed NJOM3 well. The Company has for several months been discussing a loan facility with a prominent African bank, for the Njonji development of $15 million which could be extended to $50 million, and the Company is still hopeful that such a facility may be in place by mid-May. With or without such a facility, the Company has also been holding discussions with several possible partners for the Thali license, which the Company also hopes may be concluded in that time frame. Any one of these options, or a combination of them, could provide the additional funds required to complete the current well.