Last checked at 8 Sep 2010 07:00
PRESS RELEASE
8th September 2010
Tower Resources plc
("Tower" or the "Company")
OPERATIONS 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 an update on its current operations in Namibia and Uganda.
The Board of Tower is pleased to announce that the Namibian 3-D seismic survey, undertaken by the "Geowave Master", was completed on 6th September. The data quality is excellent and it is expected that processing and interpretation can be completed as planned in early 2011.
Processing of data gathered during the Uganda aero gravity gradiometry survey, which completed in mid June 2010, is near completion and a final interpretation is expected around the end of September when planning for a subsequent seismic survey can then be finalised.
Peter Kingston, Chairman of Tower Resources plc commented: "This update confirms that current operations are on schedule and that the quality of information being obtained is likely to enhance interpretation of both the Namibia and Uganda Licences."
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 |
| Gavin Burnell / Toby Gibbs (NOMAD) Charles Vaughan (Broking)
|
|
| Westhouse Securities (Joint Broker) | 020 7601 6100 |
| Tim Feather
|
|
| Walbrook PR | 020 7933 8780 |
| Bob Huxford |
|