Tanganyika Oil Company Ltd.

Tanganyika Oil Company Ltd.

April 03, 2007 10:02 ET

Tanganyika Files Audited Year End 2006 Financial Statements, Annual Information Form and Notice of AGM to be Held on May 10, 2007

CALGARY, ALBERTA--(CCNMatthews - April 3, 2007) - Tanganyika Oil Company Ltd. (the "Company") (TSX VENTURE:TYK)(OMX:TYKS) reports that it has filed today the Company's Annual Information Form, Audited 2006 Year End Financial Statements and Notice of Annual General and Special Meeting to be held May 10, 2007 in accordance with Canadian securities regulations. Copies of these documents may be obtained through SEDAR at www.sedar.com.

The Annual General and Special Meeting will be held in the President's Room at the Calgary Petroleum Club, 319 - 5th Avenue S.W., Calgary, Alberta, on Thursday, the 10th day of May, 2007 at 10:00 a.m. (Calgary time) for the following purposes:

- To receive and consider the audited financial statements of the Company for the year ended December 31, 2006, and the report of the auditor thereon.

- To fix the Board of Directors of the Company at seven (7) members.

- To elect directors to hold office until the next Annual Meeting of the Company.

- To appoint PricewaterhouseCoopers LLP, Charted Accountants, Calgary Alberta, as the auditors for the Company to hold office until the next Annual Meeting, at a remuneration to be fixed by the directors of the Company.

- To approve amendments to the Company's Stock Option Plan.

- To consider amendments to or variations of any matter identified in this Notice of Meeting.

- To transact such further or other business as may properly come before the meeting and any adjournment thereof.

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 and its Swedish Depository Receipts trade on Stockholmsborsen.

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

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