Plymouth Argyle believe that they will make the play-offs and possibly gain promotion.
The Pilgrims twice led against Port Vale in their third round replay but eventually lost 3-2.
John Sheridan has agreed 'in principle' to stay on as Plymouth Argyle manager. Here's a look at his tenure so far.
A 21st minute goal by Conor Hourihane gave Plymouth Argyle the lead in the "dockyard derby" against Portsmouth in the early kick off at Home Park. Pompey's Yassin Moutaouakil inadvertently chested a cross into Hourihane's path and he volleyed home..
Portsmouth equalised when Jed Wallace cooly placed his shot past McCormick in the 39th minute.
The draw for the second round of the Johnstone's Paint Trophy has been made.
The South West's last remaining side in the competition, Plymouth Argyle, will travel to League One side Swindon Town.
Argyle reached the second round after beating Cheltenham on penalties in the week.
The match will be played in the second week of October.
The £50m redevelopment of Plymouth Argyle's Home Park ground has come a step closer today (Wednesday) when Councillors approved a vital land deal.
They agreed to transfer an acre of land next to the ground to the developer.
The Council said it hoped in return, the redevelopment would create 400 new jobs as well as 600 building jobs.
Work on the major project could start this autumn.
Torquay United have been drawn at home to Portsmouth in the first round of the Johnstone's Paint Trophy.
The fallen giants, who were FA Cup winners in 2008, now find themselves playing in League Two after several seasons of financial turmoil.
Exeter City also have a home tie against Wycombe Wanderers, while Plymouth Argyle will travel up the M5 to play Cheltenham Town.
The games will be played in the first week of September.
Plymouth Argyle has won planning consent to redevelop Home and Central Park.
Work on the £50m scheme is due to start in the Autumn.
ITV News West Country Seth Conway was at the planning meeting and sent this report:
Plymouth Argyle have endured a miserable few years - but they're optimistic that it'll be different this time around.
Chris Spittles reports:
Plymouth Argyle have appointed Martyn Starnes as their new Chief Executive. The 58 year old joins Argyle from Championship side Yeovil Town, where he has carried out the same role for five and a half years.
Plymouth could receive a major jobs boost as the re-development of Home Park comes a step closer. Plans for the £50 million scheme have now been submitted to Plymouth City Council.
It includes an ice rink, multiplex cinema, a hotel, and a new grandstand for Plymouth Argyle. It is estimated over 600 construction worker jobs would be needed during the two-year build. 400 extra roles are envisaged once facilities are complete.
Plymouth Argyle has been holding cheerleading auditions today. It says it's looking for talented dancers and athletic performers to entertain the crowds at Home Park, and represent the club locally.
Richard Lawrence reports: