Operational Update

RNS Number : 3803O

Tower Resources PLC

29 June 2010

 



PRESS RELEASE                                                                                                                                                                           

Tower Resources plc

("Tower" or the "Company")

OPERATIONAL UPDATE

Tower Resources plc (AIM:TRP), the oil and gas exploration company with interests in sub-Saharan Africa, principally in Uganda and Namibia,  is pleased to provide a brief update of its current operations in advance of its Annual General Meeting.

Uganda 

·     The aero gravity gradiometry survey, after collecting first data on 14^th June, has, at the end of operations on Sunday 27^th June, acquired 5586 kilometres (66%) out of the programmed 8437 kilometres of data.

·     Interpreted data should be available within 2-3 weeks of completion and this will be used to determine the proposed seismic programme.

Namibia 

·     The seismic vessel, "Geowave Master", arrived on location on Monday 28^th June and is preparing to begin the 3-D seismic acquisition programme.

·     A Competent Person's Report, providing an independent assessment of the resources in Licence 0010, should be finalised within the next week.

For more information on Tower Resources, please visit; www.towerresources.co.uk

Contacts:

Tower Resources plc Peter Kingston	0780 2804852
Astaire Securities (NOMAD and Joint Broker)	020 7492 4750
Jerry Keen (Broking) Gavin Burnell / Toby Gibbs   (NOMAD)
Westhouse Securities (Joint Broker)	020 7601 6100
Tim Feather
Walbrook PR	020 7933 8780
Bob Huxford / Leah Kramer

 

END

 

 

MSCFMGZVVRNGGZM