03 May 2007
Tower Resources Plc: Final Results for the 18 Months Ended 31 December 2006
Tower Resources plc (Tower" or "the Company"), the AIM-listed oil and gas exploration and production company today announces its final results for the 18 months ended 31 December 2006.
Highlights:
Uganda
 Encouraging results from gravity and magnetic data
2D seismic shoot to commence in September 2007
Two wells anticipated early in 2008
Namibia
Very large structures identified from seismic
One structure coincident with strong gas indications
Farm out discussions underway
Commenting on the results, Peter Kingston, Executive Chairman of Tower said:
"The evaluation programmes under way since the beginning of 2006 have yielded very encouraging results in both Uganda and Namibia and the Board's optimism about prospectivity in both Licences has steadily increased over the review period. The success achieved by other operators in Uganda has raised awareness of what promises to be an exciting new oil production province The year ahead will see significant tangible development."
For further information, please contact:
Tower Resources plc
www.towerresources.co.uk
Peter Kingston, Executive Director 01985 211780
Blue Oar Securities*
Olly Cairns 020 7448 4400
Aquila Financial Limited
www.aquila-financial.com
Peter Reilly 020 7202 2600
Yvonne Fraser
*Blue Oar Securities was formerly Corporate Synergy Plc and acts as Nominated Advisor and Broker for the Company.
Download press release (including Financial Statements)
[PDF, 132KB]
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