The country’s national oil company (NOC), NAMCOR, has finished the due diligence on Prime and is only waiting for some further documentation to complete its file. The first renewal period for PEL96 has already been secured; thus, Tower is confident that these approvals will now be documented reasonably quickly, though it remains cautious about predicting a precise date.

Asher continued: “We are still looking forward to drilling the NJOM-3 well in Cameroon as soon as possible this year, ideally in Q3, but, as usual, this will depend on rig schedules. We will update investors both when the formal documentation has been received and also when we have finalised the rig schedule together with our partners and SNH.

“We are also working with Prime on an application for a further block in Cameroon during the current license round, and we are continuing to work on further data acquisition on PEL96.”