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1 March 2010RNS AIM release UGANDA - AVIVI-1 COMPLETED AND...

  1. dexter1
    855 Posts.
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    01/03/10
    19:15
    Post #: 6391925
    1 March 2010

    RNS AIM release


    UGANDA - AVIVI-1 COMPLETED AND ABANDONED

    Tower Resources plc (AIM: TRP) has advised that it has completed operations on the Avivi-1 exploration well in Uganda Licence EA5. The well was plugged and abandoned and the rig released.

    The well, which was drilled to a total depth of 764 metres, did not encounter oil, despite persistent methane gas traces, and tested water from the target reservoir interval using a wireline fluid sampler. Electric logging confirmed the absence of oil and gas.

    Enquiries:



    Global Petroleum Limited

    Shane Cranswick
    Tel
    +61 8 9322 6322

    Email
    [email protected]

    Astaire Securities Plc (Nominated Adviser and Broker)

    William Vandyk
    Tel
    +44 20 7448 4400




    GBP Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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