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	[e-mail]
Astaire Securities Plc (Nominated Adviser and Broker)
William Vandyk	Tel	[phone]

 

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