soap drama, page-8

Morocco heating up

Less risk thanks to exciting drilling schedule this year, major catalyst heavy period has started now.

Current drilling under way
Cairn/Genel.......1 appraisal at Cap juby, results early march

Circle Oil...........1 well to commence shortly
Longreach........1 offshore well to start shortly, pay day at Koba

Genel................2 wells, H1/H2 2014, next to tarfaya licence
Galp/Tpet.........1 well July 2014
BP, Kosmos, Fast...2 wells H1 2014
BP, Kosmos,...........1 well 2014
PVD.................2 wells 2014
GPX.................2 wells 2014
Chevron...........tba
Total.................tba
First Sahara.....tba

14 explorations wells by various companies including BP, Chevron, Kosmos, Genel and Cairn. With Cairns/Genel drilling programme currently targeting Cap Juby, TPT is the one to watch, any positive result will be major positive catalyst.

TPT is currently the most undervalued Morocco play

$1.60 by end of this year
GLA