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Tower Resources Updates Uganda Operation, August 2011

Source: www.gulfoilandgas.com 8/23/2011, Location: Africa

Tower Resources, the AIM-listed oil and gas exploration company with assets in Uganda and offshore Namibia, is pleased to provide an operational update in Uganda.

The high resolution aero gravity gradiometry survey over the Company's Exploration Area 5 was completed in June 2010 and the interpreted data clearly indicated an area expected to be favourable for the generation of hydrocarbons. It also highlighted a clearly defined structural high in the vicinity of the newly defined hydrocarbon kitchen. This interpretation provided the basis for a focused 187 km 2D seismic programme, which was completed on 4 August 2011 and the final data is being processed and interpreted. Once interpretation is complete, this high quality data will enable the choice of a suitable well location within the next month. Proposals from rig contractors and other service providers are being finalised and it is envisaged that a well can be drilled in the fourth quarter of 2011.

Peter Kingston, Executive Chairman of Tower Resources, said: "With the recently acquired seismic data we should be in a position to spud a well in Uganda in the fourth quarter of this year."

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Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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