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/

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

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6599207

Tangier Petroleum issues equity
StockMarketWire.com
Oil explorer Tangiers Petroleum (LON:TPET) announces that it has completed a private placement book build to raise approximately AUD$0.85 Million through the issue of approximately 2.57 Million shares at AUD$0.33/GBP£0.22.

Investors from the United Kingdom and Australia participated in the offer. The proceeds of the placement are intended to be used for general working capital.

Application will be made for the placement shares to be admitted to trading on both the ASX and AIM. Trading in new shares is expected to commence on AIM/ASX on or around 14 August 2012.

At 10:32am: (LON:TPET) share price was +0.75p at 23p


Story provided by StockMarketWire.com

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6599619

News due soon, on the rise

INVESTMENT EXTRA: Under-explored Morocco on the radar of oil companiesBy Ian Lyall
PUBLISHED: 22:32, 10 August 2012 | UPDATED: 15:18, 11 August 2012


AIM and ASX-listed Tangiers believes the Atlantic waters off Morocco could harbour a rich bounty.

It estimates the recoverable resource from its concession on the Tarfaya block could be anywhere from 156million barrels to an eye-popping 5billion barrels of oil.


http://www.thisismoney.co.uk/money/investing/article-2186720/INVESTMENT-EXTRA-Under-explored-Morocco-radar-oil-companies.html

New Petroleum Exploration Permit Granted
PRNW


14 August 2012

TANGIERS PETROLEUM LIMITED

Tangiers Granted New Petroleum Exploration Permit NT/P83, offshore Australia

Highlights

* Tangiers' awarded Petroleum Exploration Permit NT/P83 following successful
work program bid.

* Approximately 15,000 km2 added to Australian exploration portfolio.

* Permit is believed to be highly prospective for hydrocarbons based on
source and reservoir rocks of several age units.

Tangiers Petroleum Limited (ASX:TPT, AIM:TPET, "Tangiers" or "the Company") is
pleased to announce that it has received written confirmation from the National
Offshore Petroleum Titles Administrator (NOPTA) that the Company had been
successful in its work program bid and has been granted Petroleum Exploration
Permit NT/P83 (NT/P83). It is anticipated that NOPTA will cause a notification
of the grant to be published in the next edition of the Commonwealth Gazette.

NT/P83 (formerly Release Area NT P11-1) lies in the Arafura Sea to the north of
Melville Island and the Coburg Peninsula of the Northern Territory and is
approximately 100 kilometres north of Darwin (Figure 1), Australia. It
comprises and area of approximately 15,000km2 and is in waters shallower than
200 m.

A number of exploration wells have been drilled in the vicinity of the permit
with gas discoveries to the west in the wells Caldita-1, Lynedoch-1 and ST-1,
Lynedoch-2; and gas shows in the Beluga-1 well. Oil shows were encountered to
the east of the permit in the Kulka-1 and Tasman-1 wells. The large Evans
Shoals and Abadi gas fields are located to the west and northwest of the permit
in the Malita Graben-Darwin shelf area.

The permit lies in the Money Shoals Basin, a relatively undeformed Jurassic to
Cainozoic sequence that unconformably overlies the mainly Paleozoic rocks of
the Arafura Basin. Part of the acreage extends into the Arafura Basin with
folded and faulted Palaeozoic to lower Mesozoic rocks. The Golburn Graben is
also present in a portion of the permit and is a dominant northwest to
southeast Palaeozoic intra-cratonic rift basin. With several age units of
source and reservoir rocks, this permit area is expected to be highly
prospective for hydrocarbons.

The Company's proposed exploration program will initially focus on performing
geotechnical studies and the acquisition of 500km of 2D seismic data.

Mark Ceglinski, Executive Chairman of Tangiers Petroleum, commented, "The grant
of NT/P83 is a exciting step in furthering the Company's strategy to expand its
exploration portfolio and leveraging the Company's technical expertise to
identify potential leads and plays in areas believed to be highly prospective
for hydrocarbons. NT/P83 is an excellent complement to the company's existing
Moroccan and Australian acreage."

Qualified Person

The information in this announcement was produced by Mrs Margaret Hildick-Pytte
who is the Director of Exploration for Tangiers and Mr Brent Villemarette who
is an Executive Director of Tangiers. Mrs Hildick-Pytte holds a BSc and MSc in
Geology and is undertaking a MSc in Petroleum Engineering. She is a member of
SPE, AAPG, the SPWLA and PESA. Mr Villemarette is a petroleum engineer with
over 30 years of experience and is a member of the Society of Petroleum
Engineers. Mrs Hildcik-Pytte and Mr Villemarette have reviewed this
announcement and consent to its release. Terminology and standards adopted by
the Society of Petroleum Engineers ("SPE") "Petroleum Resources Management
System" have been applied in producing this document.

Under these standards:

"Undiscovered Oil Initially in Place" is that quantity of oil which is
estimated, on a given date, to be contained in accumulations yet to be
discovered. The estimated potentially recoverable portion of Undiscovered Oil
Initially in Place is classified as Prospective Resources, as defined below;
and

"Prospective Resources" are those quantities of oil or gas which are estimated,
on a given date, to be potentially recoverable from undiscovered accumulations