Tangiers Halts Trading

Monday, August 4, 2014

Tangiers Petroleum requested a halt to the trading of its shares on both ASX and AIM pending results from the TAO-1 exploration well offshore Morocco. The decision follows the company’s announcement that the TAO-1 exploration well in the Tarfaya Block failed to find hydrocarbons in the secondary target.

Tangiers has a 25% participating interest in the Tarfaya Offshore Block, which is being operated by Galp Energia with a 50% interest. The remaining 25% interest is held by ONHYM (Morocco’s National Office of Hydrocarbons).

The company expects the securities to recommence trading on August 4.

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