Operations
Operations overview
Tower, via its Neptune subsidiaries, currently owns interests in two active exploration projects in sub-Saharan Africa. One, a 15% carried working interest, consists of three contiguous exploration licences offshore Namibia and the other, a 100% working interest in an onshore exploration block in Uganda.
While the main focus is currently on Uganda and Namibia, the Company has acquired Comet Petroleum Limited which is the 50% holder of two exploration licences in the Saharawi Arab Democratic Republic. Operations cannot begin before sovereignty of the region has been finally resolved and there are no signs currently that this will be achieved in the foreseeable future.
