Uganda Update

RNS Number : 9154V

Tower Resources PLC

20 July 2009

 



PRESS RELEASE

20 July 2009

Uganda Update

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

Tower is pleased to give the following update on activities in Uganda Licence EA5.

A number of specialist external consultants alongside our technical team are contributing to a re-evaluation of Exploration Area 5 following the drilling of the Iti-1 well. This work includes a comprehensive evaluation of the Iti-1 well data; a re-evaluation of all geophysical data; and an update to basin modelling work which is ongoing and is expected to conclude in September. At that time a comprehensive update will be issued to the market which will include details of the future operational programme. 

In accordance with AIM guidelines, Peter Kingston, who is a petroleum reservoir engineer with over 40 years experience in technical, executive and advisory roles in the oil exploration and production industry, and is Executive Chairman of the Company, is the qualified person that has reviewed and approved the technical information contained in this announcement. 

Contacts:

Tower Resources plc	www.towerresources.co.uk
Peter Kingston, Chairman	07802 804852
Astaire Securities (NOMAD and Broker)
Andrew Raca (NOMAD)	020 7448 4400
Jerry Keen (Corporate Broking)	020 7448 4492
Fox Davies Capital
David Poraj-Wilczynski / Oliver Stansfield	020 7936 5230
Aquila Financial Limited (PR)	www.aquila-financial.com
Peter Reilly	0118 979 4100

 

END

 

 

MSCCKFKQPBKDAOD