Drillship Arrival in Namibia

RNS Number : 5338B

Tower Resources PLC

05 March 2014

 



5 March 2014

Tower Resources plc

Drillship Arrival in Namibia

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM listed Africa focussed oil and gas exploration company, is pleased to confirm that the Rowan Renaissance drillship arrived, as expected, in Walvis Bay, Namibia, yesterday.

This new build drillship will now undergo the scheduled preparation and final acceptance testing by Repsol, to whom it is being hired on a three year contract. It is still expected to commence its operations for the Welwitschia-1 well, operated by Repsol and in which Tower has a 30% interest, on or around 11 April, with the spud being approximately one week later.

For further information please contact:

Tower Resources

Graeme Thomson (CEO)
Andrew Matharu (VP – Corporate Affairs)
[phone]

 

Peel Hunt LLP

(Nominated Adviser and Joint Broker)
Richard Crichton/Charles Batten 
[phone]

 

GMP Securities Europe LLP (Joint Broker)

Rob Collins/Liz Williamson
[phone]

 

Vigo Communications

Chris McMahon/ Peter Reilly
[phone]

 

 

END

 

 

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