Tower Resources

Tower, via its Neptune subsidiaries, currently owns interests in two exploration projects in sub-Saharan Africa. One, a 15% carried working interest, consists of three contiguous exploration licences offshore Namibia and the other, a 100% working interest in an onshore exploration block in Uganda.  

Namibia Project

Blocks 1910A, 1911 and 2011A cover an area of approximately 22,000 sq km offshore Namibia, in water depths ranging from 200 to 3,000 metres.
It is thought that the basins were formed in response to a thermal subsidence and shift in plate location, preceding the separation of the tectonic plates of Africa from South America. 
Few wells have been drilled in the area to date, but the presence of oil-prone source rocks, potential reservoirs and the totally unexplored nature of the deeper water suggests this could be an attractive frontier play. The results of detailed studies indicate that potential reserves could be commercially significant.

Namibia Project detail >>> 

Uganda Project

Block 5 covers an area of approximately 6,000 sq km. The area is onshore covering the northern part of the East African Rift Valley, located in the northwest of Uganda at the northern end of the Albertine Graben.
The main exploration objectives are in the acreage to the South. The Tertiary rift sediments have been found to be oil and gas bearing and with the area being fairly flat savannah terrain, exploration activity should be relatively straight forward.

Uganda Project detail >>>