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Last checked at 
20 Jul 2009 07:00
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PRESS RELEASE
20Β JulyΒ 2009
UgandaΒ Update
Tower Resources plc ("Tower" or the "Company")
Tower is pleased to give the following update on activities in UgandaΒ Licence EA5.
A number of specialist external consultants alongside our technical team are contributing to a re-evaluation of Exploration Area 5 following the drilling of the Iti-1 well. This work includesΒ a comprehensive evaluation of the Iti-1 well data; a re-evaluation of all geophysical data; and an update to basin modelling workΒ whichΒ is ongoing and is expected to conclude in September. At that time a comprehensive update will be issued to the marketΒ which will include details of the future operational programme.Β
In accordance with AIM guidelines, Peter Kingston, who is aΒ petroleum reservoir engineer with over 40 years experienceΒ in technical, executive and advisory rolesΒ in the oil exploration and production industry, and is Executive Chairman of the Company, is the qualified person that has reviewed and approved the technical information contained in this announcement.Β
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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AstaireΒ Securities (NOMAD and Broker) |
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Andrew Raca (NOMAD) |
020 7448 4400 |
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Jerry KeenΒ (Corporate Broking) |
020 7448 4492 |
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Fox Davies Capital |
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David Poraj-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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