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New Tangiers Petroleum boss explains why its Morocco well is not like the others

Published: 05:46 15 May 2014 EDT

There have been a few dusters offshore Morocco. But David Wall, the new managing director of Tangiers Petroleum (LON:TPET, ASX:TPT), explains what separates the company’s upcoming TAO-1 well from the pack.

Wall says the disappointing well results may as well have been drilled “on the other side of the world” in terms of their relevance to TAO-1.

He talks investors through the recent fundraising, which covers its share of the well costs, as well as the potential of the Tarfaya block in which Tangiers has a 25% working interest – unusually large for a company of its size.

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