Tower Resources begins drilling Avivi-1 exploration well in...

Tower Resources begins drilling Avivi-1 exploration well in Uganda

15 February 2010

Africa focused oil and gas explorer Tower Resources today reported that drilling was underway on the Avivi-1 exploration well on licence EA5 in Uganda. The well is expected to take two to three weeks to reach its estimated depth of 853 metres.

Avivi-1 follows Tower?s first exploration well on the licence in June last year, Iti-1, which has since been judged to have missed its target because of an unlucky choice of well location.

The Avivi-1 well has a primary stratigraphic target interval below 702m and a secondary target interval which is immediately above expected basement at a depth of 833m. The higher interval is targeted to encounter high quality fluvial sandstones, similar to those found in the successful wells in licence EA1, adjacent to EA5, but which were absent in the Iti-1 well. The deeper prospective interval may have alluvial sandstones similar to those encountered in the basal reservoir at Iti-1, but of improved quality.

Global Petroleum, the Australian explorer which shares Peter Blakey, Peter Taylor and Mark Savage as directors with Tower, is set to maintain its option to earn a 25% interest in EA5 by funding 25% of the cost of the second exploration well.

http://www.smallcapnews.co.uk/article/Tower_Resources_begins_drilling_Avivi1_exploration_well_in_Uganda/8388.aspx

JB