SOURCE: Tenguy World International, Inc.

November 05, 2012 07:14 ET

Tenguy World International, Inc. Provides Update on Oil and Gas Properties

HOUSTON, TX--(Marketwire - Nov 5, 2012) -  Tenguy World International, Inc. (PINKSHEETS: TGWI) provided an update today on the White 12-1 project. The project currently has one producing well and one salt water disposal well located in Pottawatomie County, Oklahoma. According to projections from the operations team, after the chemical stimulation and frac enhancements are completed on the White 12-1, production could go from 5 barrels per day to 20+ barrels per day. The enhancements are scheduled to be completed within the next forty five days. 

The unit contains 40 acres with all rights in addition to all of the rights to Sandston reservoirs. Production currently exists on 40 acres out of the Hunton Limestone. The Hunton Reservoir is on 320 acre spacing. This zone is producing in the area; once the evaluation is completed this zone should be able to add proved undeveloped reserves to the project.

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About Tenguy World International, Inc.

The Company was originally incorporated in 1923 in the state of Colorado. Tenguy World International is an independent oil and gas company engaged in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.

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