TPT 0.00% 0.9¢ tangiers petroleum limited

Crows not sure why you got moderated...was a very informative...

  1. 776 Posts.
    Crows not sure why you got moderated...was a very informative post.

    With regards to the Herald Sun article regarding TPT, its a step in the right direction with marketing the company appropriately.

    I've been hollering about this for a while now...

    "It is not hard to see why all of the activity is happening with a very large billion barrel oil discovery off the Canadian coast neatly lining up with Morocco as a "conjugate margin" - a more sophisticated version of cutting out the continents and joining them back together to find similar rocks.

    The offshore Cap Juby oil field was discovered in Morocco in the 1960s but the area is still relatively unexplored with only one well drilled for every 10,000 square kilometres compared to the global average of 80.

    Only eight wells have been drilled since 2000 so the availability of modern 3D seismic mapping should also greatly improve the selection of likely drill targets and the chances of at least one of the drills encountering some oil.

    Tangier's large Tarfaya field is certainly in there with a chance, being in the same Jurassic carbonates that hosted Cap Juby and with the potential to host up to 867 million barrels of recoverable oil in four reservoirs"
 
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