Ann: Drilling Starts on Cormorant-1 Well, PEL37 Offshore Namibia, page-107

Namibia is hotting up even more, l

ooks like Repsol might be coming back​

​

Some months ago Tower Resourses (TRP) replied to me confirming they had relinquished PEL10 and were looking to apply for new blocks​

Here is their new presentation NOTICE they are re-applying for PEL10 and new blocks​

I have noticed on a recent presentation describing new comers to Namibia including Repsol and thought it old news, but are they coming back ?​

PEL10 is next door to GBP's PEL29, both are hugely prospective​

Peter Taylor holds 4% TRP and 20% GBP​

https://www.towerresources.co.uk/_site/wp-content/uploads/2018/09/TRP-Corporate-Presentation-Sept-2018-v4.pdf​

Here is the ECO presentation just a couple of days old (click on the two small arrows in the middle of the picture. Page 15 New entries includes Repsol​

http://www.ecooilandgas.com/investors/reports-presentations/#presentations​

I thought it a big downer Repsol and TRP walking away from PEL10, as the licence had run out, but it is back on​