Avivi Update

RNS Number : 8093H
Global Petroleum Ltd
01 March 2010
 



1 March 2010

RNS AIM release

 

UGANDA - AVIVI-1 COMPLETED AND ABANDONED

 

Tower Resources plc (AIM: TRP) has advised that it has completed operations on the Avivi-1 exploration well in Uganda Licence EA5. The well was plugged and abandoned and the rig released.

 

The well, which was drilled to a total depth of 764 metres, did not encounter oil, despite persistent methane gas traces, and tested water from the target reservoir interval using a wireline fluid sampler. Electric logging confirmed the absence of oil and gas.

 

 

 

Enquiries:

 

Global Petroleum Limited

Shane Cranswick

Tel

+ 61 8 9322 6322

Email

global.info@globalpetroleum.com.au

Astaire Securities Plc (Nominated Adviser and Broker)

William Vandyk

Tel

+44 20 7448 4400

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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