Operations
Tower, via its Neptune subsidiaries, currently owns interests in two active 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.
While the main focus is currently on Uganda and Namibia, the Company has acquired Comet Petroleum Limited which is the 50% holder of two exploration licences in the Saharawi Arab Democratic Republic. Operations cannot begin before sovereignty of the region has been finally resolved and there are no signs currently that this will be achieved in the foreseeable future.
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.
The Alpha, Gamma and Delta structures collectively have the potential to contain up to 10 billion barrels of recoverable reserves.
CGGVeritas has been contracted to shoot a 1,600 square kilometre 2-D seismic programme across the Delta prospect starting towards the end of 2009.
Uganda Project
Block EA5 covers an area of approximately 6,000 sq km. The area is onshore covering the northern part of the Albertine Graben, part of the East African Rift Valley, located in the northwest of Uganda. EA5 is called the Rhino Camp Basin
An exploration well, named Avivi-1, located 3 kms west of Rhino Camp is scheduled to be drilled in February 2010. At this location the prospective interval is below 665 metres and projected basement is at 795 metres. The presence of well developed fluvial sandstone reservoirs is likely and Rhino Camp is where the strongest oil micro seeps were encountered.
Uganda Project detail >>>
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