Last checked at 1 Mar 2010 07:00
RNS Number : 8093H
Global Petroleum Ltd
01 March 2010
1 March 2010
RNS AIM release
UGANDA - AVIVI-1 COMPLETED AND ABANDONED
Tower Resources plc (AIM: TRP) has advised that it has completed operations on the Avivi-1 exploration well in Uganda Licence EA5. The well was plugged and abandoned and the rig released.
The well, which was drilled to a total depth of 764 metres, did not encounter oil, despite persistent methane gas traces, and tested water from the target reservoir interval using a wireline fluid sampler. Electric logging confirmed the absence of oil and gas.
Enquiries:
| Global Petroleum Limited | ||
| Shane Cranswick | Tel | + 61 8 9322 6322 |
| | global.info@globalpetroleum.com.au | |
| Astaire Securities Plc (Nominated Adviser and Broker) | ||
| William Vandyk | Tel | +44 20 7448 4400 |
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