Uganda Update

RNS Number : 9275V
Global Petroleum Ltd
20 July 2009
 



20 July 2009

RNS AIM release

UGANDA UPDATE

Global Petroleum Limited advises that its joint venture partner, Tower Resources plchas provided an update in relation to activities in Uganda Licence EA5. A copy of the release is below:



Enquiries:


Global Petroleum Limited

Shane Cranswick

Tel

+ 61 8 9322 6322


Email

global.info@globalpetroleum.com.au

Astair Securities Plc (Nominated Adviser and Broker)

William Vandyk

Tel

+44 20 7448 4400



PRESS RELEASE


20 July 2009


Uganda Update


Tower Resources plc ('Tower' or the 'Company')


Tower is pleased to give the following update on activities in Uganda 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 includes a comprehensive evaluation of the Iti-1 well data; a re-evaluation of all geophysical data; and an update to basin modelling work which is ongoing and is expected to conclude in September. At that time a comprehensive update will be issued to the market which will include details of the future operational programme. 


In accordance with AIM guidelines, Peter Kingston, who is a petroleum reservoir engineer with over 40 years experience in technical, executive and advisory roles 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. 



Contacts:


Tower Resources plc 

www.towerresources.co.uk 

Peter Kingston, Chairman

07802 804852



Astaire Securities (NOMAD and Broker)


Andrew Raca (NOMAD)

020 7448 4400

Jerry Keen (Corporate Broking)

020 7448 4492



Fox Davies Capital


David Poraj-Wilczynski / Oliver Stansfield

020 7936 5230



Aquila Financial Limited (PR)

www.aquila-financial.com 

Peter Reilly

0118 979 4100



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