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Drillship Arrival in Namibia

5th Mar 2014 07:00

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)+44 20 7253 6639
 
Peel Hunt LLP
(Nominated Adviser and Joint Broker)Richard Crichton/Charles Batten +44 20 7418 8900
 
GMP Securities Europe LLP (Joint Broker)
Rob Collins/Liz Williamson+44 20 7647 2800
 
Vigo Communications
Chris McMahon/ Peter Reilly+44 20 7016 9570
 
This information is provided by RNS
The company news service from the London Stock Exchange
 
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