galp farm-in -- overlooked?, page-16

Contacted company yesterday and was advised they are hoping for the agreement to be ratified within the next few weeks, not sure if this is wishful thinking but company spokesperson sounded mildly confident. He also believes momentum will build once agreement is complete and that institutional investors will be more positive about tangiers prospects as GALP in his view has the runs on the board in regards to discoveries in recent times. And for them to only be involved with Tangiers in Morocco says something for the quality of the blocks we hold.

Company also advised once money is in the bank from the farm-in they will be looking in earnest at other opportunities. He didn't explain to where they will be looking but did advise that there are plenty of companies which are in need of money at this present time and hopefully Tangiers can take advantage of this.