Tower continues to maintain operational readiness towards drilling the NJOM-3 well in Cameroon in 4Q26 and progressing the Namibia PEL96 work programme.Despite delays to the approvals process, we think these types of projects look even more attractive in the current oil price environment to a free cash flow generating E&P targeting development opportunities and/or access to high impact exploration.We maintain our Speculative Buy rating and upgrade our 12-month target price to 0.11p/sh (from 0.10 ....
