Tower’s Comet buy out

AIM-listed Tower Resources has bought out Comet Petroleum, a related company which owns 50% of two exploration licences in the disputed Western Sahara (AE 97/19). The Guelta and Bojador licences were awarded in March 2006, following a licensing round organised by the Polisario Front liberation movement’s government-in-exile the Sahrawi Arab Democratic Republic (SADR).