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/

At long last the share has come alive. Good buying today.

Annual Report - http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6584026

up 24%

28% up

Having Some. Atrocity Exhibition





The more one reads the more one has to come to the conclusion that the anticpated news could very well be the "Company Making" news hinted at...

Old, but gets the blood pumping faster when read...

Tangiers Petroleum: Shore highlights the potential of explorer's assets
14th Mar 2012, 3:57 pm by Ian Lyall Tangiers recently completed its latest seismic campaign on the Tarfaya block, offshore Morocco City firm Shore Capital today initiated coverage on Tangiers Petroleum (LON:TPET, ASX:TPT), highlighting the potential of its assets.

Shore, which is joint broker to the group, didn't provide a price target for the stock.

However, analyst Craig Howie estimates the risked net asset value to be 126 pence a share.

At 3.30pm, Tangiers was changing hands for 33 pence a share.

Ahead of its listing on AIM last month the explorer raised US$6.35 million via a private placing, which leaves it well funded to pursue its near-term goals.

It owns potentially company-making assets in Morocco and Australia, where it also has a stock market listing. It is hoping to negotiate farm-in deals on both.

Tangiers recently completed its latest seismic campaign on the Tarfaya block, offshore Morocco.

The group holds a 75 per cent stake in the block, which has an un-risked prospective resource of 867 million barrels, with a high-end estimate of almost 5 billion.

In Australia, meanwhile, it owns 90 per cent of two potentially mega gas prospects in Australia’s Southern Bonaparte Sea, some 250 kilometres south-west of Darwin.

They are Nova and Super Nova and are sitting below already existing oil fields.

Based on work carried out by independent consultants Schumberger, Tangiers cites what it calls a “probabilistic estimate” of un-risked gas in place of 71 trillion cubic feet to 148 Tcf – which makes the pair potentially huge on anyone’s register.

“Tangiers is trading at a significant discount to our risked net asset value estimate of 126 pence a share, so we think that a tailwind of positive news flow could provide renewed share price momentum,” said Howie in a note to clients.

“Following the recent placing, a stable funding position mitigates concerns about potential dilution, to our minds, while the large number of prospects diversifies exploration risk and provides option value.”

dc keep pumping, when are you going to dump?

,

;

http://uk.finance.yahoo.com/q?s=TPET.L

Should know what the halt on the ASX is tonight. Good day today, very few sells.

http://www.proactiveinvestors.com/companies/news/27140/tangiers-petroleum-in-pre-open-pending-resource-results-announcement-27140.html

Also isable.....I bet not many people know that.......

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6584424



3 April 2012
MILLIGANS FORMATION OIL PLAY
Highlights
• Competent Persons Report completed on Tangiers’ Milligans Fan oil play in
the Bonaparte Basin Permit Areas WA-442-P and NT/P81 by ISIS Petroleum
Consultants.
• Significant oil potential confirmed in 14 identified leads, 8 of which are
structural traps with 6 being a combination structural/stratigraphic in nature.
• The Milligans Formation has been intersected in previous offshore wells
which confirmed the presence of an active petroleum system including oil
recovery in Turtle-2 and oil and gas recovery in Barnett-2.
• Portfolio contains a combined gross mean unrisked oil in place (STOIIP) of
683 million barrels of oil with a high case of 1,489 million barrels of oil in
place.
• Gross mean unrisked Prospective Resources are estimated to be 218 million
barrels of oil with the high side case of 505 million barrels of oil.

The above news has given a rise of 8.16% to the share on the ASX

Fall of 13.79% on the sp today, after very good news. Need a farm-in partner or to raise cash. Will see how much of a retrace over the next few days then a few in an isa.

http://www.oldplc.com/news/opl-increases-tangiers-petroleum-target-price-to-150p-per-share/


Posted on Apr 3, 2012

Tangiers has received a Competent Persons Report (CPR) in respect of the Milligans Formation oil play on its WA-442-P and NT/P81 permit areas in Australia. The report by independent expert, ISIS Petroleum Consultants, is focused on a portfolio of 14 leads which ISIS estimates to contain unrisked oil in place of 615 mmbbls net to Tangiers.

The Milligans Formation represents very attractive upside for Tangiers as the company continues to high grade its Australian portfolio. We believe that the Milligans Formation play represents an additional 76p of upside at this early stage. Given that we anticipate Tangiers to farm down its interest in its Australian permits from 90% to 45% to fund a sustained exploration programme, we are attributing an additional 38p per fully diluted share to our valuation of Tangiers and we are upgrading our price target to 150p per share. We reiterate our BUY recommendation for the shares.

dc have you dumped these yet?

No halifax

h take it you read post 36. :-))

http://www.moneyam.com/action/news/showArticle?id=4346596