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/

HALF-YEAR FINANCIAL REPORT
30 JUNE 2012

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6603984

Tangiers Petroleum Limited (the "Company") wishes to announce that its shares
have been placed in a trading halt on the Australian Securities Exchange
("ASX") pending the release of an announcement. The shares in the Company will
continue to trade on the AIM market during this period.



http://www.moneyam.com/action/news/showArticle?id=4448401

Perhaps raising of equity due to the halt on the ASX . Lets hope this then leads on to a farm in partner and get the show on the road with an annoucement date of drilling.
Look forward to the share price recovery.

Tangiers Undertakes $5 Million Capital Raising

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6604835

If this company can get its house in order, the interest in the area is now huge with big players moving in.

UPDATE: Pura Vida's Mazagan permit estimated to contain 7 billion barrels

http://www.proactiveinvestors.co.uk/companies/news/48294/update-pura-vidas-mazagan-permit-estimated-to-contain-7-billion-barrels--48294.html

sp (market) tells you more than dream-on's wishful thinking

.

you mean you are attempting the falling knife trick

more like the indian rope trick.

Lol , Lets see.

I'm playing my flute loud so they should rise with news soon.

that's for spitting cobras!

And spitting investors at the current sp price.

Tangiers to Raise up to $5.8m to Launch
Growth Strategy

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6605007

A new investor Investor Presentation on the company site today -
September 2012


http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6605104

Tangiers vows to "hit ground running" as investors snap up fund raising


http://www.proactiveinvestors.co.uk/companies/news/48336/tangiers-vows-to-hit-ground-running-as-investors-snap-up-fund-raising-48336.html

Issue of Equity
PRNW


26 September 2012

TANGIERS PETROLEUM LIMITED

ISSUE OF SHARES

Tangiers Petroleum Limited (the Company) announces that it has issued 5,792,722
fully paid ordinary shares at a price of GBP£0.18 per share which makes up part
of the first tranche of the private placement announced on 24 September 2012.
The Company has applied for the new shares to be admitted to trading on both
the ASX and AIM markets. Trading in the new shares on AIM is expected to
commence on or around 27 September 2012.

Following the placement, the Company has the following securities on issue:

Number Class

113,089,582 Fully paid ordinary shares

44,149,645 ASX-listed Options (TPTOA) exercisable at A$0.16 on or before 31
October 2013

1,000,000 Unlisted options exercisable at A$0.22 on or before 19 July 2014

6,000,000 Unlisted options exercisable at A$0.60 on or before 16 December
2014

1,000,000 Unlisted options exercisable at A$0.22 on or before 16 December
2014

500,000 Unlisted options exercisable at A$0.50 on or before 2 April 2015

3,274,124 Unlisted options exercisable at A$0.60 on or before 2 April 2015

3,500,000 Unlisted options exercisable at A$0.70 on or before 2 April 2015

300,000 Unlisted options exercisable at A$0.70 on or before 10 April
2016

Price and volume query

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6605603

Near term plans are to complete the farm-in process for its Moroccan and Australian assets,expected in the fourth quarter of this year and to move forward with the acquisition of approx 500 sq kilometer 3D seismic survey over its Australian WA-442-p and NT/p81 exploration permits. Additionally Tangiers is seeking opportunities to expand its presence in Africa.

Tangiers was a early mover to Morroco. As a result the management has been able to negotiate exceedingly favourable fiscal terms with the government. These include
a 10 year corporate tax holiday for each exploration discovery, no value added or goods and services tax, and the company will only pay 10% royalty on oil and 5% on gas.
Global offshore well density is approx 8o wells per 10,000 sq kilometres, while in Morroco its 1 well per 10,000 sq kilometres. There has been only 36 offshore wells drilled to date and just eight since 2000.

Tangiers Tarfaya block is located in the East Atlantic margin offshore north west Morocco and comprises of eight contiguous permits covering 11,282 sq kilometres with the average water depth of less thaan 200 metres. The block is situated within a proven petroleum system that contain all the essentials for hydrocarbon exploration,
source,trap,seal, migration and reservoir.

Tarfaya contains multiple prospects and leads including -

Four jurassic -aged prospects - Assaka,Trident,TMA and La Dam

Two prospects in the upper Jurassic - Little Zeus and Zeus

Emerging potential within the tertiary ,Cretaceous and Triassic formations.

Of the portfolio of prospects Trident is the largest with a best estimate of in excess of 400mm bbls


In Morocco international petroleum consultant Netherland, Sewell and Associates inc. have identified 4 prospects in Tangiers block and believes they contain unrisked best estimate resources of 867 million barrels . Thre high case estimate puts the prospective resource potential of all four prospects at over 4.5 billion barrels of oil.

In Australia , isis consultants have to date provided an independent assesment of the resource potential which currently stands at 200 million barrels of oil and multi trillion cubic feet of gas potential.

Share Purchase Plan

#http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6606613