Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Operational Update

29th Jun 2010 07:00

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 14th June, has, at the end of operations on Sunday 27th 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 28th 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

 

 

 

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

Related Shares:

Tower Resources
FTSE 100 Latest
Value8,180.53
Change-294.21