Tarfaya Offshore Block – Morocco (25%)

can someone who knows the tpt story well please give me a ballpark figure on what these eight contiguous permits covering an area of 11,281 sq km are worth. 3D seismic has been completed on The La Dam prospect. thanks.

frosty


Tarfaya Offshore Block – Morocco (25%) The Tarfaya Offshore Block (“Block”), Morocco comprises eight contiguous permits covering an area of 11,281 sq km. The Block is situated approximately 600 km southwest of Morocco’s capital, Rabat, inboard of the Canary Islands on the Atlantic Margin. The Block contains multiple prospects and leads within Jurassic sediments as well as potential within the Tertiary, Cretaceous and Triassic Formations.

During the quarter, the TAO-1 exploration well site survey was completed confirming compatibility for the use of a jack-up rig. Detailed planning and procurement for the exploration well is progressing. The Ralph Coffman rig was secured by Galp Energia, as Operator, to drill the exploration well TAO-1 in 2Q 2014. The Assaka 3D seismic data covers the Trident, Assaka and TMA prospects, certified by Netherland, Sewell & Associates, Inc (NSAI). The La Dam prospect in the south of the Tarfaya Block is covered by a 580 sq km 3D seismic survey acquired in 2006 and reprocessed in 2011 by the Company.