Tower Teams Up to Re-Evaluate Exploration Area 5 in Uganda

Tower has provided an update on activities in Uganda License EA5.

A number of specialist external consultants alongside the company's technical team are contributing to a re-evaluation of Exploration Area 5 following the drilling of the Iti-1 well.

This work includes a comprehensive evaluation of the Iti-1 well data; a re-evaluation of all geophysical data; and an update to basin modelling work which is ongoing and is expected to conclude in September. At that time a comprehensive update will be issued to the market which will include details of the future operational program.