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Results for 12 Months Ended 31 Dec. 2010 in Uganda

Source: www.gulfoilandgas.com 5/18/2011, Location: Africa

Tower Resources plc, the AIM-listed oil and gas exploration company, announces its final results for the 12 months ended 31 December 2010 in Uganda.

These results are as follows:
· Prospectivity of EA5 has been enhanced by the results of an aero gravity gradiometry survey
· A probable oil generation kitchen has been identified
· A large high structural area has also been identified where reservoir quality may be productive
· A seismic survey is ready to begin so that a well can be drilled before the end of 2011

Commenting on the results, Peter Kingston, Executive Chairman of Tower said: "I am pleased that Uganda may still deliver substantial shareholder value from a well in the second half of this year. The next year promises to be one of the most exciting of my professional career."

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