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Operational Update

29 Jun 2010 07:00

RNS Number : 3803O
Tower Resources PLC
29 June 2010
 



PRESS RELEASE

Tower Resources plc

("Tower" or the "Company")

 

OPERATIONAL UPDATE

 

Tower Resources plc (AIM:TRP), the oil and gas exploration company with interests in sub-Saharan Africa, principally in Uganda and Namibia, is pleased to provide a brief update of its current operations in advance of its Annual General Meeting.

 

Uganda 

 

·; The aero gravity gradiometry survey, after collecting first data on 14th June, has, at the end of operations on Sunday 27th June, acquired 5586 kilometres (66%) out of the programmed 8437 kilometres of data.

·; Interpreted data should be available within 2-3 weeks of completion and this will be used to determine the proposed seismic programme.

 

Namibia 

 

·; The seismic vessel, "Geowave Master", arrived on location on Monday 28th June and is preparing to begin the 3-D seismic acquisition programme.

·; A Competent Person's Report, providing an independent assessment of the resources in Licence 0010, should be finalised within the next week.

 

 

For more information on Tower Resources, please visit; www.towerresources.co.uk

 

Contacts:

 

Tower Resources plc

Peter Kingston

 

0780 2804852

 

 

Astaire Securities (NOMAD and Joint Broker)

020 7492 4750

Jerry Keen (Broking)

Gavin Burnell / Toby Gibbs (NOMAD)

 

 

Westhouse Securities (Joint Broker)

020 7601 6100

Tim Feather

 

 

Walbrook PR

020 7933 8780

Bob Huxford / Leah Kramer

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCFMGZVVRNGGZM
Date   Source Headline
9th Sep 20087:00 amRNSInterim Results
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19th Jun 20084:02 pmRNSIssue of Equity
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8th Apr 20087:01 amRNSFinal Results to 31 Dec 2007
7th Apr 20082:27 pmRNSHolding(s) in Company
25th Mar 20087:01 amRNSChange of Registered Office
7th Dec 20077:00 amRNSUganda 2D seismic commences
19th Oct 20072:54 pmRNSTotal Voting Rights
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6th Jun 200712:41 pmRNSResult of AGM
3rd May 200710:10 amRNSGrant of Options
3rd May 20077:01 amRNSFinal Results
22nd Mar 20079:53 amRNSChanges to Uganda Licence
21st Mar 20073:28 pmRNSHolding(s) in Company
15th Mar 20074:11 pmRNSHolding(s) in Company
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8th Feb 20077:00 amRNSOperational Update & Placing
1st Feb 200711:47 amRNSResult of EGM
9th Jan 20077:01 amRNSNotice of EGM
21st Dec 20067:01 amRNSProposed Issue of Equity
19th Dec 200611:54 amRNSVoting rights and capital
5th Dec 20069:42 amRNSDirectorate Change
20th Sep 20067:01 amRNSInterim Results to 30 June 06
18th Jul 20067:00 amRNSCompany Activity Update
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12th Jan 20068:13 amRNSSch 1 Update- Tower Resources
21st Dec 20051:00 pmRNSAcquisition
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11th Aug 20057:00 amRNSAcquisition
11th Aug 20057:00 amRNSSuspension - Tower Resources

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