Tangiers Petroleum Limited has received written confirmation from the National Offshore Petroleum Titles Administrator (NOPTA) that the Company had been successful in its work program bid and has been granted Petroleum Exploration Permit NT/P83 (NT/P83). It is anticipated that NOPTA will cause a notification of the grant to be published in the next edition of the Commonwealth Gazette.

NT/P83 (formerly Release Area NT P11-1) lies in the Arafura Sea to the north of Melville Island and the Coburg Peninsula of the Northern Territory and is approximately 62 miles (100 kilometers) north of Darwin, Australia. It comprises and area of approximately 5,792 square miles (15,000 square kilometers) and is in waters shallower than 656 feet (200 meters).

Tags: Tangiers Petroleum Limited