News

December 23, 2009

Tower Resources Confirms February Spud Date For Its Second Well In Uganda

It’s certainly no guarantee of success but the superstitious might take heart from the news that the rig contracted to drill Tower Resources’ second well in Uganda has something of a pedigree in the country. The AIM-quoted explorer has hired the same land rig that has clocked up 15 wells across Blocks 1 and 2, delivering a spread of oil discoveries for Tullow Oil and Heritage Oil that has really put this Central African nation on the oil map.

Tower is exploring some 80 km to the north of the acreage held by Tullow and Heritage; its 6,000 sq km block lies at the northern end of the Albertine Graben.  Targets here are very shallow but seismic work has identified some geological similarities between Tower’s Block 5 prospects and some of the shallower Tullow and Heritage discoveries.

Of course, Tower’s first well on the acreage, Iti-1, failed to prove the northern extension of the Albertine fairway.  The well was drilled to a...