29 Jun 2010 07:00
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PRESS RELEASE
Tower Resources plc
("Tower" or the "Company")
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OPERATIONAL UPDATE
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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.
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UgandaΒ
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Β·; 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.
Β·; Interpreted data should be available within 2-3 weeks of completion and this will be used to determine the proposed seismic programme.
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NamibiaΒ
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Β·; The seismic vessel, "Geowave Master", arrived on location on Monday 28th June and is preparing to begin the 3-D seismic acquisition programme.
Β·; A Competent Person's Report, providing an independent assessment of the resources in Licence 0010, should be finalised within the next week.
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For more information on Tower Resources, please visit; www.towerresources.co.uk
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Contacts:
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Β Tower Resources plc Peter Kingston |
Β 0780 2804852 Β Β |
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Astaire Securities (NOMAD and Joint Broker) |
020 7492 4750 |
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Jerry Keen (Broking) Gavin Burnell / Toby Gibbs (NOMAD) Β |
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Westhouse Securities (Joint Broker) |
020 7601 6100 |
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Tim Feather Β |
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Walbrook PR |
020 7933 8780 |
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Bob Huxford / Leah Kramer |
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