Northern Uganda block subject of farmout effort

July 18, 2006
Tower Resources PLC, London, was starting farmout activities on 1.5 million acre Block 5 in the Albert graben of northern Uganda near the border with Sudan.

By OGJ editors
HOUSTON, July 18 -- Tower Resources PLC, London, was starting farmout activities on 1.5 million acre Block 5 in the Albert graben of northern Uganda near the border with Sudan.

The company has gravity and magnetic data and a geochemical study to assess basin maturity but no seismic data on the block. Initial results indicate that sediments as thick as 3.5 km should be mature for hydrocarbon generation below about 2,000 m in an unexplored graben area known as the Rhino Camp basin.

Tower Resources, which acquired the license in January in a merger with Neptune Petroleum Ltd., plans to gather more gravity and magnetic data in the September-October dry season.

Block 5 is 100 miles northeast of Block 2, where the Hardman Resources Ltd.-Tullow Oil PLC combine has given Uganda its first substantial oil discovery at the Waraga-1 well (OGJ Online, July 5, 2006).