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.

  • 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.
  • 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.