Rumour of the day
Tower Resources is prospecting for oil in Uganda not far from Tullow Oils rich fields. Towers first exploratory well came up dry but a second, named Avivi-1, was spudded on February 13. Yesterday, Tower shares were chased 0.7p higher to 4.575p amid speculation that test results within a fortnight may be more positive.
http://business.timesonline.co.uk/tol/business/markets/article7037027.ece
