Tangiers Petroleum Obtains Extended Structural Closure Over Zeus

Wednesday, September 7, 2011
  • Latest seismic interpretation over the Zeus and Little Zeus Prospect has appreciably extended the area of the mapped closure of Zeus at the primary objective Top Jurassic dolomite interval
  • An additional 6 prospects have been mapped at this horizon across the Tarfaya block

Tangiers Petroleum Limited (ASX: TPT) today announced that the latest 2-D seismic interpretation over the Zeus Prospect has produced a significantly larger structural closure than previously mapped.

Highlights

  • Latest seismic interpretation over the Zeus and Little Zeus Prospect has appreciably extended the area of the mapped closure of Zeus at the primary objective Top Jurassic dolomite interval
  • An additional 6 prospects have been mapped at this horizon across the Tarfaya block
  • With a high side of approximately 1030 square kilometres closure at Zeus, the broad anticlinal structure is interpreted to be larger than each of Tangiers Petroleum's four previously identified prospects (Trident, TMA, Assaka, and La Dam)
  • Total area covered by the eight prospects is approximately 1640 square kilometres
  • The largest of the four prospects in the underlying Jurassic section is Trident, which was assessed by global petroleum consultants, Netherland Sewell and Associates Inc. (NSAI) to have an unrisked best estimate prospective resource of 423 million barrels of oil
  • NSAI will be engaged to produce an independent probabilistic evaluation of prospective resources for Zeus, Little Zeus, and the additional six prospects at the Upper Jurassic
  • In addition, multiple leads recognized within shallower Lower Cretaceous intervals are being matured into prospects and prospective resource volumes will be determined in the upcoming months

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

Related News

Join 70,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Your details are never shared or sold. We hate spam too.

» More Jobs       » Upload a free Job       » Upload your CV

More Europe Jobs

More Global Jobs

Opinion & Commentary

  • Eight pieces of our oil price predicament
    A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so ...
  • Give us a break...
    I see that Oil & gas UK has been talking again about the need for George Osborne to ‘put his money where his mouth is’ (I paraphrase!) and change the fiscal terms operati ...
  • Why it's different this time
    Is this downturn in oil prices going to be different for investors? I think it might. In fact, I think North American energy companies have a good chance of withstanding th ...

» More Opinion & Commentary         » Write for us             RSS RSS

Oil & Gas Training

Mastering 4D Seismic
Ian Jack, London, 06 Nov 2014

Petroleum Geology of West Africa
Duncan Macgregor, London, 12 Nov 2014

Introduction to Contingency Planning: The value to oil and gas companies in high-risk areas
Mark Theobald, London, 18 Nov 2014

All Upcoming Training


Opinions & Commentary

Oil price, Total, Ophir, Madagascar, Lamprell, Northern, Sundry-BP-Egdon-Xcite-Faroe, And finally...

by Malcolm Graham-Wood

Read More »