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4. The Company has no explanation as to why there has been an increase in the price and
volume of trading in the securities of the Company. However, the Company refers to its
recent announcement on 21 December 2009 which confirmed the following in relation to the
Companys involvement in the drilling of a second exploration well in Uganda EA5:
a. Tower Resources had advised it has signed a contract for a land rig to drill the second
well, Avivi-1;
b. That drilling would begin once full environmental approval and consent to drill has
been received, likely to be early February 2010; and
c. The Company has elected to maintain its option to earn a 25% interest in EA5 by
funding 25% of the cost of the second well.
5. The Company confirms that it is in compliance with the listing rules, in particular, Listing Rule
3.1.