Tower Resources Company Page

May 2008 Presentation on Uganda and Namibia

VSA Capital Analysis November 2007

Tower Resources Interim Results September 2008

Global Petroleum Farm In Agreement RNS

Hoodless Brennan Research Note 23/10/2008

Hoodless Brennan Note 12/01/2009

Fox Davis Research Note 6th Febraury 2009

Tower comes up dry in Uganda
Business Financial Newswire


Tower Resources has abandoned its Iti-1 exploration well in the West Nile region of Uganda after drilling produced only limited quantities of oil.

The company says re-evaluation of the data will be undertaken to determine a more prospective location for a second well. 'The lack of reservoir at this location could not justify further testing or the immediate move to drill a second well.'

Tower chairman Peter Kingston said, 'The result is very disappointing for everyone involved, not least the people of West Nile. However, this is a very large licence and there is every chance that far better reservoir sand quality can be found elsewhere in EA5.'

So much for the low risk well !....time to put these to one side for some time until they decide to drill again or farm out the Namibia assets...

I must congratulate TRP for keeping the result a secret until this morning....I like the way that the market had no idea at all that this was a dud well......a few things to look into here !.

As you say RF, will have to put these away for a while, thats life... onward and upward. :((

No news was bad news.

This is not the time to sell....large area still to explore with seismic plus Namibia potential...if anything this is the time to buy and be patient....this is not the end by any means.....a small gamble on recovery could be worth a punt for those with the idea of risk....selling now is bonkers ! well in my view anyway.....this is anyway just a fraction of my porfolio !.

Business Financial Newswire
"African-focused oil and gas explorer Tower Resources says it is unaware of any reason for the recent movement in its share price directly related to the company's activities.

The company says re-evaluation of its Exploration Area 5 in Uganda following the drilling of the Iti-1 well is expected to conclude in the second half of September, when an update will be issued to the market."

Starting to perk up again after RNS.

halifax my old mucker, what on earth are you doing investing in uganda oilies - unless these guys also have access to spaceship supertankers

cynic hoping your favourite "oily" might like to expand their estate and make a bid for TRP after all they will need a landing ground for the "space tankers"!

lol! .... VLCCs in correct parlance

Apart from TLW "flavour of the month chinese" might also be in the frame to buy TRP "we note that well known mandarin EK is long!

but is he not also short GKP?

closed his position when the sp fell below 80p.

hmm! ...... on that basis, he should have reopened same this afternoon, but does not look that way!

for every TLW share you could have 400 shares in TRP!

very tempting, but i think i'll manage to resist!

fibber...... lol

Building some momentum today?

Surprising as spud date is 1st Feb I think.