Tangiers Petroleum Limited is an Australia-based. The Company is engaged in oil and gas exploration and the continued review of opportunities available to the Company. The Company�s project ATP-587-P is located in onshore Queensland. The permit consists of 12 graticular blocks comprising an area of approximately 946 square kilometers. The Tarfaya Block, offshore Morocco includes eight permits covering 15,041 square kilometers and is situated approximately 600 kilometers southwest of Morocco�s capital Rabat, inshore from the Canary Islands on Morocco�s Atlantic Margin. In January 2012, the Company acquired 670 square kilometer Three Dimensional (3D) seismic survey over primary prospects Trident, TMA, and Assaka.