StockMarketWire.com - Tower Resources, the AIM-listed Africa-focussed oil and gas exploration company, has issued an update on drilling operations for the Badada-1 well, Block-2B, onshore Kenya.

Tower said it had received formal notification from Lion Petroleum Inc, the wholly-owned Kenya-based subsidiary of Taipan Resources, and operator of Block-2B (Tower 15%, Premier Oil 55% and Taipan 30% working interests) regarding the status of the Badada-1 well as at 24:00 GMT on 17 February 2015.

The Badada-1 well was spud at 14:00 GMT on 7 January and has been drilled to a total depth of 3,372 metres MDBRT (measured depth below the rotary table) intersecting the Neogene sequence.

Preparations are under way for the logging of the 12¼-inch hole section from the 13⅜-inch casing point, located at 1,644 metres MDBRT, to a drilled depth of 3,500 metres MDBRT and is expected to be completed in the next few days. The well is planned to be drilled to a total depth of between 3,000 and 4,000 metres in order to test Tertiary age primary targets.

It is the company's intention to provide operational updates when Badada-1 has progressed further.

A comprehensive update will also be provided once operations on the Badada-1 well have been fully completed and analysed.




At 2:06pm: [LON:TRP] Tower Resources PLC share price was +0.06p at 0.53p



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