- Tower Resources issued an update on drilling of the Badada-1 well on Block-2B, onshore Kenya.

Tower said it had received formal notification from Lion Petroleum Inc, the wholly-owned Kenya-based subsidiary of Taipan Resources Inc and operator of Block-2B regarding the status of the Badada-1 well as at 24:00 GMT on 3 February.

The Badada-1 well was spud at 14:00 GMT on 7 January and has been drilled to a total depth of 1,647 metres MDBRT (measured depth below the rotary table). A 13⅜-inch casing has been successfully run to 1,644 metres MDRT and cemented in the 17½-inch hole and the well is currently preparing to drill ahead with the 12¼-inch hole section to the next casing point which is expected to be at TD.

The well is planned to be drilled to a total depth of between 3,000 and 4,000 metres in order to test primary targets in Tertiary age reservoirs. The Operator expects the well to take up to 70 days from spud to complete.

At 2:26pm: [LON:TRP] Tower Resources PLC share price was +0.03p at 0.5p

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