Investments held by the Company as at 31/03/17.

Name

Number of shares

Share price

Valuation

African Pioneer PLC

59,529,532

(see note 2)

150,450

Anglo American PLC

11,500

12.1950

140,243

Ascent Resources PLC

482,142

0.0227

10,945

Duke Royalty Limited

20,000

0.4550

9,100

ETFS Physical Platinum

2,250

72.1900

162,428

ETFS Copper

1,760

20.5600

36,186

Galileo Resources plc

6,516,667

0.0725

472,458

Jersey Oil and Gas Plc

3,300

2.8750

9,488

Jubilee Platinum PLC

1,169,600

0.0525

61,404

MX OIL PLC

400,000

0.0113

4,520

New World Oil and Gas PLC

5,000,000

-

-

Northern Petroleum PLC

294,118

0.0425

12,500

PanContinental Oil and Gas NL

885,714

0.0018

1,594

Papua Mining PLC

230,000

0.0085

1,955

Revelo Resources Corp.

216,667

0.0329

7,128

Rex Bionics PLC

6,250

0.0950

594

Rockrose Energy Plc

100,000

0.4462

44,620

Sovereign Mines of Africa Plc

2,000,000

0.0037

7,400

Sunrise Resources PLC

665,000

0.0011

732

Tertiary Minerals PLC

1,330,000

0.0078

10,374

Total Investments

 

 

1,169,004


Notes:

  1. The above PV calculation is based on 138,331,939 Ordinary shares with anominal value of 0.1 pence each ("Ordinary shares") being the Company'sissued share capital of 142,831,939 Ordinary shares less 4,500,000 Ordinary shares held in treasury.
     
  2. African Pioneer PLC ("APP") has now been delisted from ISDX Marketsand this investment is valued on the basis of Tiger's share of APP's assets (cash and investments) as at 31 March 2017 for the purpose of computing the quarterly PV.
     
  3. New World Oil and Gas Plc ("NWOG") shares are suspended fromtrading and this investment is carried at nil valuation at 31 March 2017.
     
  4. Rockrose Energy Plc shares were suspended from trading on 14 September 2016 pending the company's proposed acquisition of the non-operated interests in the Wytch Farm (7.43%), Scott (5.16%) and Telford (2.36%) fields from Maersk Oil North Sea UK Ltd. This investment is carried atthe prevailing share price prior to suspension from trading.
     
  5. Cash funds held by the Company at 31 March 2017 amounted to £488,262.97.
     
  6. All future reporting will be made on a quarterly basis and accordingly thenext announcement will disclose the PV per share and investments as at 30 June 2017. The Company will disclose its investments on a quarterly basis when disclosing its PV.