Stmnt re Share Price Movement

RNS Number : 7462T

Tower Resources PLC

11 June 2009

 

UPDATE ON ITI-1 DRILLING OPERATIONS

Tower Resources plc ('Tower' or the 'Company')

This release is in response to the recent move in the Company's share price.

The Iti-1 well, Tower's first exploration well in Uganda Licence EA5 has reached total depth of 592 meters in basement. Electric logging operations, including wireline formation pressure and fluid sampling are underway and the outcome of the well cannot be determined until the interpretation of this information has been completed. An announcement will be made as soon as clear results have been obtained.

For further information please contact:

Tower Resources plc                www.towerresources.co.uk

Peter Kingston, Chairman                07802 804852

Fox Davies Capital    

David Poraj-Wilczynski / Oliver Stansfield    020 7936 5230

Blue Oar Securities (NOMAD and Broker)

Andrew Raca /Jerry Keen                020 7448 4400

Aquila Financial Limited (PR)            www.aquila-financial.com

Peter Reilly                                           0118 979 4100

 

END

 

 

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