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/

Rumours that Range resources has sold its 5% holding in Tangiers petroleum.

Hmmmm.........PL must want to buy shares in Range..........To get the SP up?

I still have to question why Range would want to sell shares in a company about to head North?...........Interesting

Await news, very interesting.

I'm not thinking straight........PL has probably made more on this Share than he has on his own company share........What price did Range buy Tangiers at?

Good question

Range Resources Limited announced that it has made a strategic investment in Tangiers Petroleum Limited. Tangiers Moroccan assets include the prospective offshore Tarfaya block. Range has subscribed for 5 million shares at AUD0.40 for a placement of AUD2 million, representing 5.7% of Tangiers expanded issued share capital.

$0.40 = 26 pence

Sounds like he paid 26 pence another great deal not mr pl. Thats if he has sold ofcourse

His management skills thus far are in question.............So who knows what he will say or do next.

Anyway, sorry for discussing PL.....We should be discussing how far North is Tangiers going?

Good article in this weeks investors chronicle about Morocco attracting attention from large industry players. Both Cairn energy and General energy have signed farm - in agreements this month with a consortium of smaller explorers for two deep water blocks offshore morocco. The consortium being san leon energy, serica energy and longreach oil and gas.
Tangiers petroleum seemed to have a large seller/sellers last week. Need some news on their farm- in agreements to recover the sp and to start to gain interest from investors.

Former Woodside Vice President appointed
Executive Chairman of Tangiers Petroleum

http://clients2.weblink.com.au/clients/tangierspetroleum/article.asp?asx=TPT&view=6603146

Mark Ceglinski and Graham Anderson have resigned as Executive Chairman and Non-executive
Director of Tangiers respectively, effective immediately.


Sounds like there has been management problems. We have had no news of the farm out drills, leaving the sp under pressure. Getting late for two drills this year. Just hope
the company gets its self in order and we do not have another Australian company like
Range resources with delayed time frames.

STOP KEEP TALKING THEN AND GET ON WITH IT!!!!!!!!!!!!!!!!

http://www.proactiveinvestors.co.uk/companies/news/47818/tangiers-petroleum-appoints-eve-howell-as-executive-chairman-47818.html

From the above -

Prior to joining Woodside in 2006, Howell was a senior executive with Apache.

“We intend to grow by using our combined skills, experience and contacts to acquire, explore and develop African assets,” said Howell.

Perhaps they are not going to develope the Australian assets ?

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

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