TPT 0.00% 0.9¢ tangiers petroleum limited

Other prospects, page-6

  1. 1,425 Posts.
    I went to an AGM a few years ago and spoke with the geologist at the time. The cretaceous plays are believed to be bigger in volume than the current plays they are drilling. They estimated a 21% to 24% cos at that time but were only covered by 2D seismic. So what are they worth...who knows. TAN Tan formations were also discussed at the time but not as much work had been done on them, back then.

    As a side note, looking at average drill rates per day, industry average is about 60 metres per day so Assaka could be expected to hit TD around 45 days, therefore about 10th August from spud date 26th June. Total depth of trident 3600m so fits in with 60 days as per GALP
 
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