EXPLORATION

Global, Towner commit to second Ugandan well

AUSTRALIAN minnow Global Petroleum and its UK partner Towner Resources will drill a second well in the EA5 licence onshore Uganda after detailed evaluation of Iti-1 indicated significant hydrocarbon potential in the Iti structure.

Marija Stojkovic

Global, Towner commit to second Ugandan well

Towner said the evaluation of Iti-1, the first exploration well in EA5, found 15-20m of clean reservoir sands with significant potential to contain oil just above basement at 540-575m. The evaluation...

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