Tower Resources Regulatory News (TRP)

10 Oct 2008 12:00



10 October 2008

Tower Resources plc (AIM: TRP)

('Tower' or 'the Company')

Appointment of Fox-Davies Capital as Co-broker

Tower Resources plc, the oil and gas exploration company with interests in sub-Saharan Africa, principally in Uganda and Namibia, announces it has appointed Fox Davies Capital, as its co-broker with immediate effect.

Blue Oar continues to act as broker and nominated adviser for Tower.

Fox-Davies Capital is a Member of the London Stock Exchange and specialises in providing Corporate Finance advisory, broking and capital raising services to international resource companies. Fox-Davies provides its corporate clients with access to investors in the UK, European and North American capital markets and has an established track record with specialist resource investors.

Tower Executive Chairman, Peter Kingston, said, "We are very pleased to appoint Fox-Davies Capital as co-broker to Tower. Fox-Davies' oil & gas expertise and relationships with resource investors both in the UK and internationally, make it an ideal addition to our advisory team."

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Notes to Editors

Tower Resources Plc is an AIM-listed, independent oil and gas exploration company based in London.

The company is focused on sub-Saharan Africa, holding exploration licences in Namibia and Uganda through its two operating subsidiaries Neptune Petroleum (Namibia) Ltd and Neptune Petroleum (Uganda) Ltd.

The company's assets include; blocks 1910A, 1911 and 2011A offshore Namibia and onshore block 5 in Northern Uganda.

Tower also has through its 100% ownership of Comet Petroleum a 50% interest in two exploration licences (Guelta and Bojador) in the Saharawi Arab Democratic Republic.