Tanganyika Oil Company Ltd.
TSX VENTURE : TYK
OMX : TYKS

Tanganyika Oil Company Ltd.

September 11, 2007 09:00 ET

Tanganyika Denies Being in Discussions to Sell Syrian Assets

CALGARY, ALBERTA--(Marketwire - Sept. 11, 2007) - Tanganyika Oil Company Ltd. ("Tanganyika" or the "Company") (TSX VENTURE:TYK)(OMX:TYKS) today saw the trading of its shares on the OMX Nordic Exchange temporarily suspended after an article published in the Swedish daily business newspaper Dagens Industri.

Tanganyika is not in discussions to sell Company's assets in Syria, as described in the Dagens Industri article. As previously disclosed, the Company has entered into an agreement to sell the West Gharib assets in Egypt and the funds will be used for the active investment programs in Syria.

Tanganyika Oil Company Ltd. is a Canadian oil and gas company with production and exploration assets in Egypt and Syria. Its shares are traded on the TSX Venture Exchange under the symbol TYK and its Swedish Depository Receipts trade on the OMX Nordic Exchange under the symbol "TYKS".

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Tanganyika Oil Company Ltd.
    Gary Guidry
    President and Chief Executive Officer
    (403) 716-4051
    (403) 261-1007 (FAX)
    Email: gary.guidry@tykoil.com
    or
    Tanganyika Oil Company Ltd.
    Ian Gibbs
    Chief Financial Officer
    (604) 689-7842
    (604) 689-4250 (FAX)
    Email: ian.gibbs@tykoil.com
    or
    Tanganyika Oil Company Ltd.
    Robert Eriksson
    Investor Relations
    +46-(0)701-112615
    +46-(0)8-54501554 (FAX)
    Email: robert.eriksson@tykoil.com
    or
    Tanganyika Oil Company Ltd.
    Sophia Shane
    Corporate Development
    (604) 689-7842
    (604) 689-4250 (FAX)
    Email: sophias@namdo.com
    Website: www.tanganyikaoil.com