Directorate Change

RNS Number : 8334Y

Tower Resources PLC

07 March 2012

 



PRESS RELEASE

07 March 2012

Tower Resources plc

("Tower" or the "Company")

Directorate Change

Tower Resources plc ("Tower"), LN: TRP, the AIM listed company with oil and gas exploration assets offshore Namibia, confirms that, in light of the earlier than anticipated completion of operations on the Mvule-1 exploration well in Uganda Licence EA5, Peter Kingston, Chief Executive, has stepped down from the Board of Directors with immediate effect.

Peter's intention to step down from the Board was previously announced by Tower on 28^th November 2011. The Board subsequently initiated a search for a suitable successor and will update the market on this matter in due course. 

Tower's Chairman, Jeremy Asher, commented:

"The Board would like to thank Peter for his contribution to the Company. Peter has left Tower in a strong position to pursue its interests offshore Namibia and we would like to wish him all the best in the future."

Contacts:

Northland Capital Partners Limited (Nominated Adviser and Joint Broker) Gavin Burnell,  Edward Hutton John-Henry Wicks / Alice Lane (Broking) 0207 796 8800 M Communications Patrick d'Ancona, Chris McMahon, Andrew Benbow 020 7920 2358

 

END

 

 

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