NEW YORK–(BUSINESS WIRE)–S&P Capital IQ announced today that it has commenced Standard & Poor’s Factual Stock Report coverage on Tangiers Petroleum Ltd.
Tangiers Petroleum Limited (ASX:TPT) explores oil and gas resources in Australia and in the Kingdom of Morocco. It holds interest in the Tarfaya Offshore Block located in the Kingdom of Morocco; 90% interest in WA-442-P and NTP/81 exploration permits located in the Bonaparte Basin offshore in the Northern Australia; and 80% interest in ATP-587-P Cooper/Eromanga basins in the onshore Queensland.
The Tarfaya Block, offshore Morocco, includes eight permits totaling 15,041 square kilometers (approximately 3.7 million acres) situated on the Atlantic Margin, inboard from the Canary Islands. The Block is located within a proven petroleum system and contains multiple prospects and leads within Jurassic and Cretaceous sediments as well as emerging potential within the Tertiary and Triassic Formations. An independent report prepared by worldwide petroleum consultant Netherland Sewell and Associates Inc. (“NSAI”) on Tangiers Petroleum’s initial four Jurassic-aged prospects established an un-risked best estimate prospective resource of 867 million barrels of oil and a high side of 4,959 million barrels of oil.
TPT is the Operator and owns a 75% interest in the Block, with the Moroccan government (OHNYM) being carried for its 25% interest through individual exploration programs. OHNYM retains the option to convert to a 25% working interest in any hydrocarbon pool that is developed. The Tarfaya Offshore Block includes the La Dam, Assaka, Trident, Tarfaya Marin-A and Zeus and Little Zeus Prospects.
Standard & Poor’s Factual Stock Report coverage on Tangiers Petroleum Ltdwill also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visitwww.tangierspetroleum.com for additional information.
About Standard & Poor’s Factual Stock Reports
Currently profiling over 500 issuers, Standard & Poor’s Factual Stock Reports, produced by S&P Capital IQ, increase market awareness of issuers in the investment community with insightful commentary and key statistics and information. Standard & Poor’s Factual Stock Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information about covered companies to reach a wide investor audience of Buy and Sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is underwritten by the issuer, S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks.
Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of S&P Capital IQ or related organizations. S&P Capital IQ does not trade on its own account.
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