Things Hotting Up, page-88

We have new neighbours

Tower Resources plc

New Namibia Petroleum Agreement

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM listed oil and gas company with its focus on Africa, is pleased to announce that Tower Resources (Namibia) Limited, a wholly owned subsidiary of Tower, has signed a new Petroleum Agreement ("PA") with the Government of the Republic of Namibia covering an 80% operated interest in blocks 1910A, 1911 and 1912B, offshore Namibia, together with the National Petroleum Corporation of Namibia ("Namcor") (10%) and ZM Fourteen Investment CC (10%).

http://uk.advfn.com/p.php?pid=nmona&article=78629262

Jeremy Asher, Chairman and CEO commented:

"We are very excited about our new Petroleum Agreement in Namibia. As a company, we know Namibia very well, and the wells drilled in the Walvis Basin during the past few years have provided a much greater level of understanding of the regional geology. As a result, Namibia and the Walvis Basin and Dolphin Graben, in particular, are now attracting great attention from well-respected explorers, both large and small, and are also once more attracting considerable farm-in interest and investment".