14 May 2009 07:00
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PRESS RELEASE
14 May 2009
UgandaΒ -Β Drilling Project Update
Tower Resources plcΒ Β ("Tower") (AIM:TRP)Β is pleased to confirm that theΒ MBU-125Β drilling rigΒ importedΒ from SouthernΒ Sudan forΒ the Iti-1 well is on site and is being rigged up.
TheΒ roadΒ conditionsΒ andΒ proceduresΒ inΒ Southern SudanΒ for exporting the rig and campΒ in three convoysΒ have proven to be challenging but the challenge is being met. AnΒ additional two convoysΒ containingΒ the balance of the camp,Β drill pipe and other peripheral drilling equipmentΒ will beΒ loaded and en routeΒ to the siteΒ early nextΒ week.Β Β Β
TowerΒ nowΒ anticipates theΒ commencementΒ of drillingΒ to beΒ on or shortly after 25thΒ May.Β AΒ furtherΒ announcement will beΒ made onceΒ drilling begins.
Contacts:
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Tower Resources plc |
www.towerresources.co.ukΒ |
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Peter Kingston, Chairman |
07802 804852 |
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Blue Oar Securities (NOMAD and Broker) |
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Jerry Keen/Andrew Raca |
020 7448 4400 |
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FoxΒ DavisΒ Capital (Joint Broker) |
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David Porak-Wilczynski / Oliver Stansfield |
020 7936 5230 |
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AquilaΒ Financial Limited (PR) |
www.aquila-financial.comΒ |
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Peter Reilly |
0118 979 4100 |
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