Tangiers Petroleum provides TAO-1 operational update

7/15/2014

Tangiers Petroleum provides TAO-1 operational update

WEST PERTH -- Tangiers Petroleum Limited (Tangiers) provided an update on the drilling of the TAO-1 exploration well, located offshore Morocco. No major operational issues have occurred to date and the well is expected to intersect the Assaka and Trident objectives within 60 days from spud, as previously stated.

As the well has been designated as “tight”, no information related to depth or formation will be provided during the drilling, beyond what is required by the ASX and AIM continuous disclosure obligations.

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