I decided to contact the company to find out why the lack of news and received a very nice reply today.I will copy below so as individuals can judge the content for themselves.
Dear Mr XXXXXX
I'm sorry that there has been little news of late. We have been somewhat preoccupied with the completion of some important technical evaluations; preparation for field operations in both Uganda and Namibia; and some necessary corporate activities. I do intend to prepare an update in the next month or so which will be posted on our website. There will be some administrative news next week in connection with the introduction of a new investor and some additional information will accompany that release. Overall, the news is positive and we shall be raising our public profile throughout the next year as a growing amount of news, hopefully positive, will be coming out of Uganda from ourselves but mainly from other operators. We are planning seismic programmes in both of our Licences from early summer on.
I certainly expect more regular information on Tower's activities this year compared to last year when there was comparatively little to report. Thank you for your continuing support.
Peter Kingston - Chairman
To me this sounds like very good news is on it's way.
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