Last checked at 29 Jun 2010 07:00
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:
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Tower Resources plc Peter Kingston |
0780 2804852
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| Astaire Securities (NOMAD and Joint Broker) | 020 7492 4750 |
| Jerry Keen (Broking) Gavin Burnell / Toby Gibbs (NOMAD)
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| Westhouse Securities (Joint Broker) | 020 7601 6100 |
| Tim Feather
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| Walbrook PR | 020 7933 8780 |
| Bob Huxford / Leah Kramer |
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