Tower Resources Uganda Survey Collects 66% Of Programmed Data

29th Jun 2010 07:27

LONDON (Dow Jones)--Tower Resources PLC (TRP.LN), an oil and gas exploration company with interests in sub-Saharan Africa, principally in Uganda and Namibia, said Tuesday that in Uganda, the aero gravity gradiometry survey, after collecting first data on June 14, has, at the end of operations on June 27, acquired 5586 kilometers (66%) out of the programmed 8437 kilometers of data. MAIN FACTS: -Interpreted data should be available within 2-3 weeks of completion and this will be used to determine the proposed seismic program. -In Namibia, the seismic vessel, "Geowave Master", arrived on location on June 28 and is preparing to begin the 3-D seismic acquisition program. -Shares closed Monday at 1.5 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 29, 2010 02:27 ET (06:27 GMT)