Background on Assaka

From SubseaIQ website:

"The Assaka Prospect is delineated by 2-D seismic data and targets an Upper Jurassic four-way dip closure extending from southwest of the MO-1 well to northeast of the MO-4 well and beyond. Below the Upper Jurassic Kimmeridgian-5 seismic horizon an anticlinal structure approximately 40 miles long by 6 miles wide is developed. The MO-1 and MO-5 wells near the southern areas of the anticline intersected 2,736 and 1,896 feet of Upper Jurassic, respectively, and reached total depth in the Tithonian carbonates without penetrating the Kimmeridgian-5 depth. NSAI estimates the un-risked prospective resources for the Assaka Prospect ranges from a low side case of 26 million barrels of oil to a high side volume of 796 million barrels of oil with a best estimate of 144 million barrels of oil."

From the NSAI Report on the Tarafaya Block from May 2011, the Assaka Prospect is in the Kimmeridgian-5 seismic horizon ... which the previous wells did not test. That's encouraging!! This report is worth a look that's for sure .. long, detailed with plenty of seismics and graphics.

The NSAI Report in May 2011 and the Competent person's Report from November 2011 can be found on the Tangiers website Home/Investor Centre/Financial Report/Other.

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