88 Energy Limited (formerly Tangiers Petroleum Limited) is an ASX listed exploration exploration company that has recently announced the acquisition of a new, potentially world class oil asset located in Alaska. It also has a 25% stake in the Tarfaya Offshore Block is located on the Moroccan Atlantic margin and was acquired by the company in 2009.

Alaska-project-icewine

morocco

http://88energy.com/

Want to load up on these at some point,how far will they drop is the question.

Waiting as well, the company has been very thin on news. Early days yet. A very good looking company for the future.

Totally agree there DC some great prospects,farm out news at some point i hope in the near future.

Very good time in the near future to take a position. Tend to think Range resources has not taken a position for nothing. Keeping a watch. News cannot be to far away
if they hope to drill this year. You had better not get them cheaper than me markymar.
:-))

Tangiers Petroleum's Mark Ceglinski discusses farm in opportunities in Morocco at One2One Forum
Thursday, May 17, 2012 by Proactive Investors
Mark Ceglinski, non-executive chairman of Tangiers Petroleum, presented at the One2One Forum in Melbourne on Wednesday. Proactive Investors brings you the Question and Answers between Mark and the audience. Tangiers Petroleum (ASX: TPT) is actively carrying out exploration on its Tarfaya block offshore Morocco and studies on its Bonaparte Basin permits off northern Australia.

Mark Ceglinski, non-executive chairman, fielded answers during Question Time at Proactive Investors’ One2One Forum in Melbourne, Wednesday 16th May.

The presentation on the night can be ACCESSED HERE.

The company recently completed a 670 square kilometre 3D seismic survey over the primary prospects at its Tarfaya block and is continuing analysis of 2D data over multiple leads within the shallower Lower Cretaceous intervals.

Tangiers has also revealed it is in discussions with potential farm-in partners including supermajors and large independents, for its projects in both Morocco and Australia.


Question from the audience

How junior are you going to go on your partner?

Mark Ceglinski

Just to give you some idea of both of these projects, we’re probably looking at two wells and some seismic in Morocco.

The wells are relatively cheap for offshore wells at $25 million per well so we’re looking at about a $60 million commitment there.

In Australia the shallow wells are about $25 million but we’re going to drill all the way down so that’s about a $60 million well, two wells, so you’re looking at in excess of $100 million drilling program. So if you don’t have a $100 million sheet that you can comfortably write out today don’t bother ringing us basically.


Question from the audience

How small would you go?

Mark Ceglinski

The sort of standard farm out terms that we’re throwing out there are two for one essentially. So we’d be comfortably happy to dilute about half our relevant interest so 75 to 37.5. We’ve got 90% of that major project in Australia down to 45. 37.5 or 45% of those projects is an extraordinary opportunity for us.


Question from John Phillips, chief operating officer of Proactive Investors

Just with Morocco, you’ve already secured the first mover advantage and we can see you have a very large acreage there and we do know major players are moving into Morocco. Do you already have any of those major players speaking to you about a farm-in?

Mark Ceglinski

Because of confidentiality agreements I can’t say who, but I can say we’ve got Tier 1 companies in our data room. So we have supermajors, majors, national oil companies and large independents, when I say large independents, billion dollar companies basically.


Question from John Phillips, chief operating officer of Proactive Investors

Great so you’re having a talk with the majors, can you please provide us with some further details?

Mark Ceglinski

We’ve got people in the data room working through all the information. We have some timelines in terms of when we’ll come to the bidding process.

The finalisation of the bidding obviously we’ll have to paper the deals and then we’ll actually be able to talk about them. But we’re engaged at the highest level, we’ve got tremendous reception to our projects.


Question from John Phillips, chief operating officer of Proactive Investors

Would we here an announcement about this in the next six to 12 months?

Mark Ceglinski

Oh absolutely. Sooner.


Question from the audience

The area in Morocco is so large, are you looking to split it up so you can get different farm-in partners for different areas?

Mark Ceglinski

That’s a possibility. When you look at the current projects or prospects that we have we’ve really only focused on the western side of our permit area.

There is certain prospectivity in here and this part of the block we don’t even know anything about it at this point in time, we’ve not spent any time looking at it. There’s just so many opportunities.

Stratigraphically, the tertiary triassic, there’s also many opportunities that we have not even looked at at this point in time. So theoretically it’s possible that we could have several partners. It’s more likely that we would have one partner who would want to have an interest in the entirety of the block.





http://www.proactiveinvestors.com.au/companies/news/29032/tangiers-petroleums-mark-ceglinski-discusses-farm-in-opportunities-in-morocco-at-one2one-forum-29032.html

Anyone interested in Tangiers this is well worth spending 9 mins of your time.
Fox- davies capital -analyst -talks about the business of oil in morocco.


http://www.proactiveinvestors.co.uk/companies/stocktube/1157/fox-davies-capital-analyst-talks-about-the-business-of-oil-in-morocco--1157.html

Recovering well up 10.89% today.

Results of Annual General Meeting


http://www.moneyam.com/action/news/showArticle?id=4379941

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6591801

Riding out the bad economic news well to date.

TopStocks Interview : Tangiers Petroleum Ltd. : Mark Ceglinski and Tangiers
Andre Ferdinands, Managing Director of TopStocks Enterprises Pty. Ltd (TopStocks.com.au) interviews Mark Ceglinski, Executive Chairman of Tangiers Petroleum Ltd. - June 5, 2012.
No1 in a series of three videos . Next video 13th June - About the Morocco assets.

http://www.youtube.com/watch?v=utjxFxSisu0

Interview 2 In this interview (below), Mark talks about the Tangiers Petroleum Morocco Assets in detail and offers many charts and visuals to help with the story.
Interview 3 Will cover the assets Tangiers has in Australia and will be published in the week beginning June 18.

http://www.topstocks.com.au/stock_discussion_forum.php?action=show_thread&threadid=787884&postid=787884

Interview 3 Has Mark talking about the Tangiers Petroleum Australian Assets in detail and also offers many charts and visuals to help

http://www.topstocks.com.au/stock_discussion_forum.php?action=show_thread&threadid=790825#p790825

cheers Mr dreamcatcher.......still waiting to buy in at some point.

Early days yet
for this company.

http://www.proactiveinvestors.co.uk/companies/news/45803/morocco-a-magnet-for-savvy-oil-explorers-45803.html

http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20120721130565

Saturday, 21 July 2012
Morocco lures most savvy oil explorers




RABAT — Geologists, engineers and company executives are new visitors to Morocco. And they are part of the transformation of the country, which has become a magnet for some of the world’s most savvy oil explorers.



The country is host to Total, Anadarko, Kosmos and Repsol as well of some of the smaller, more entrepreneurial groups such as Tangiers Petroleum, Pura Vida and Longreach Oil & Gas.

Fastnet Oil & Gas, which is essentially the team behind Cove Energy’s huge successes in Tanzania, this week announced it had farmed into offshore acreage in Morocco.

Meanwhile, the acquisitive Genel Energy, which is active currently in Kurdistan, another of the world’s oil hotspots, is reported to be on the cusp of closing a deal there.

The country is chronically under-explored, although that is changing with the latest influx of oil companies.

Yet there is oil and gas onshore, and a ready market (Morocco is a huge hydrocarbon importer).

However, the real pull internationally seems to be the nation’s offshore assets.

Tangiers reveals the Atlantic waters off Morocco could harbor a rich bounty.

It estimates the unrisked recoverable resource from its concession on the Tarfaya block could be anywhere

Geologists, engineers and company executives are new visitors to Morocco.
from 156 million barrels to an eye-popping 5 billion barrels. Pura Vida’s Mazagan permit area, meanwhile, could contain 3.2 billion barrels.

It bought Mazagan for A$3.5 million last October, and in doing so acquired some of the last remaining open acreage. This was quite a coup.


"Morocco needs to develop its oil industry, particularly its deepwater potential," said Pura Vida managing director Damon Neaves.

"To do this they need to attract the big companies into the country. They saw us as having the technology and expertise to do this: the modern seismic reprocessing techniques in particular.

"They saw us as a conduit to bringing in the big, deepwater operators to make the big investments required to pursue deepwater drilling."

The country’s burgeoning hydrocarbon wealth is obviously a pull, but there are other reasons why companies are flocking to Morocco.

The unrest that has swept the rest of North Africa has singularly failed to threaten the country, which is a parliamentary constitutional monarchy.


Meanwhile, the fiscal terms there for oil and gas producers are amongst the most attractive anywhere in the world.

The state receives 25 percent of any project and a five percent royalty if gas is produced, which rises to 10 percent for oil.

An unprecedented 10-year corporate tax holiday is offered upon discovery.


This means the government take is never more than 35 percent. Contrast this with Algeria, where the authorities take 92 percent and you can see why foreign investment is flooding into Morocco.

And under this regime, the economics of the smaller projects look very attractive.

Tangiers Petroleum holds a 75 percent stake in the Tarfaya concession (the remaining 25 percent is held by the state national oil company).

It has an un-risked prospective resource of 867 million barrels, with a high-end estimate of almost 5 billion. "It is not one prospect, it is multiple prospects and they are different types of prospects," said chairman Mark Ceglinski. The major event in Morocco will be the farm-in deal, with the partner expected to drill two wells before the year-end at an estimated "$25 million per hole".

Longreach Oil & Gas was one of the first movers in Morocco and has five licenses covering seven offshore blocks and 21 onshore blocks. That adds up to a huge land position covering 13 million acres containing 70 leads and prospects with significant hydrocarbon potential. — Agencies

Thursday the 23rd August 2012,
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)



Proactive Investors One2One Hydrocarbon Investor Forum - London


http://www.proactiveinvestors.co.uk/register/event_details/157

31 July 2012
Report on Activities for the Quarter ended 30 June 2012

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6598691

ASX Trading Halt
PRNW


1 August 2012

TANGIERS PETROLEUM LIMITED

Tangiers Petroleum Limited (the "Company") wishes to announce that its shares
have been placed in a trading halt on the Australian Securities Exchange




http://www.moneyam.com/action/news/showArticle?id=4419338



Tangiers Petroleum start survey on prospect in Morocco
StockMarketWire.com
Tangiers Petroleum is carrying out a seismic survey on its primary prospects within the Tarfaya Block, offshore Morocco.

The work is being undertaken by CGG Veritas. Work began in June and is expected to be completed by late October.

Rock properties utlised for the analysis are to be used to further evaluate prospective intervals in the Cretaceous and work will then begin on the Jurassic carbonate sections.

At 8:41am: (LON:TPET) share price was 0p at 23.75p