Tangiers Petroleum reveals oil potential at Trident prospect in Morocco

Tangiers Petroleum on Monday said seismic data confirmed its Trident prospect in offshore Morocco contained an estimated 750m barrels of recoverable oil.

Tangiers Petroleum on Monday said seismic data confirmed its Trident prospect in offshore Morocco contained an estimated 750m barrels of recoverable oil.

The company has also upgraded the geological chance of success of the well from the previously advised 14% to 23%. The mean potential reserves are in line with estimates.

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