Fortbridge Media ReleaseTangiers Petroleum [ASX: TPT] - Acceleration of Moroccan Exploration EffortsTangiers Petroleum Limited (ASX: TPT) has taken the opportunity to accelerate its Moroccan exploration program. The Company has reached agreement with Polarcus Samur Ltd to immediately commence an approximate 677 km2 3D seismic acquisition programme within its Tarfaya Block.
Highlights:
* Tangiers Petroleum Limited has commenced a 3D Seismic Acquisition program in its offshore Tarfaya Block, Morocco
* The 3D seismic survey has been designed to fully encompass 3 of the Companys most significant prospects, Assaka, Trident, and TMA which have a combined billion barrel potential
* The project will require approximately 25 days to complete acquisition
* By accelerating its seismic campaign the company should be able to accelerate its proposed Moroccan drilling campaign
This campaign will further delineate the areal extent of the structures for 3 of Tangiers most significant prospects identified to date, Assaka, Trident, and TMA, while reducing the geologic risk for each of these prospects.
Mark Ceglinski, Chairman of Tangiers Petroleum, commented, Tangiers is excited about having reached an agreement to fast track the acquisition of a 3D seismic program over such important assets as the Assaka, Trident, and TMA prospects. This will really accelerate Tangiers exploration efforts in Morocco, and enable us to drill our Billion Barrel prospects sooner.
Please find more in the attached announcement.
For further information, please contact:
Mr Mark Ceglinski
Chairman
+61 8 9263 5205
Media/investor relations:
Fortbridge
+612 9003 0477
Luke Dean
Mob: +61 414 535 433
Bill Kemmery
Mob: +61 400 122 449