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Tower Resources has executed a binding heads of agreement (HoA) in respect of a farm-out to Beluga Energy of a 49% non-operating working interest in its Thali Production Sharing Contract (PSC) in Cameroon, conducted through its wholly-owned subsidiary Tower Resources Cameroon S.A (TRCSA)

Uganda’s sizeable reserves, enabling regulation and proactive national oil company is positioning the country as a regional hydrocarbon leader, and African Energy Week in Cape Town is set to promote it from 9-12 November 2021

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