TG World Energy Corp.
TSX VENTURE : TGE

TG World Energy Corp.

June 12, 2007 11:07 ET

TG World Announces Webcast Details for Annual and Special Meeting

CALGARY, ALBERTA--(Marketwire - June 12, 2007) - TG World Energy Corp. (TSX VENTURE:TGE) ("TG World" or the "Company") announces that it will be webcasting the corporate presentation portion of TGE's Annual and Special Meeting of Shareholders which will be made by Clifford M. James, President and CEO of the Company. The presentation will provide commentary on the Company's exploration endeavours in its Alaska and Niger projects. TG World's Annual and Special Meeting will be held on June 19, 2007, at the Calgary Petroleum Club (319-5th Ave. SW), with the formal part of the meeting starting at 3:00 pm MT.

Webcast:

The live webcast will start at approximately 3:10 pm MT on June 19, 2007. To listen to this event, please enter the following link in your web browser a few minutes prior to the start time. Information links will also be provided for any software needed and system requirements.

http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=1902780

For those who are not able to listen to the live event, the webcast will be archived for 90 days and can be accessed using the same link above.

An electronic copy of TG Worlds's corporate presentation will be made available on the Company's website under the heading "Presentation" (http://www.tgworldenergy.com/presentations.html) at approximately 3:00 pm MT on June 19, 2007. Listeners are encouraged to follow along with the slides during the webcast.

Corporate Profile

TG World is a Calgary-based, junior international oil and gas exploration company. On March 18, 2006, TG World Energy Inc., a wholly-owned subsidiary of TG World, entered into a major exploration project through the formation of a joint venture with Brooks Range Petroleum Corporation. The BRPC / TG World Joint Venture ("JV") was formed as an exploration strategic alliance covering a large area of mutual interest on the Alaskan Central North Slope. The Company's indirect interest in the Central North Slope Alaska Joint Venture includes a 25 - 35% working interest in approximately 309,384 net acres of lease lands and an AMI under which additional lands may be acquired. The Company has a 35% working interest in the Gwydyr Bay Prospect Area. The North Shore #1 well was cased as a potential oil producer in the 2006/07 winter drilling season. The well is approximately 1,100 feet west of and appears to be comparable to the 1974 Mobil Gwydyr Bay South No.1 well, which flowed at an average rate of 2,263 bopd on production test from the same formation. The potential size and economic viability of this discovery will be evaluated using 3D seismic data which the JV Partners acquired over the prospect area during this winter season. A full testing program of the North Shore #1 well will be undertaken during the 2007/08 winter season.

Through a wholly-owned subsidiary, TG World holds a 20% carried interest in the Tenere Block, an oil and gas concession in the Republic of Niger, Africa, measuring 71,155 square kilometers (17.3 million acres). The Tenere Block contains the northern half of the Termit - Tenere Rift. The southern half is adjacent to the Agadem Block, where six oil discoveries and one gas discovery have been announced. CNPCIT, a unit of CNPC, holds the other 80% of the Tenere concession and acts as operator of the project. The first two wells to test the Tenere Block, Saha-1 and Fachi West-1, were recently drilled as dry holes. The selection of the location for the third prospect is expected to be finalized as soon as possible for drilling in 2007.

Contact Information

  • TG World Energy Corp.
    Clifford M. James
    President & CEO
    (403) 265-4506
    or
    TG World Energy Corp.
    Paul Moon
    Director, Corporate Communications
    (403) 265-4506
    (403) 264-7028 (FAX)
    Email: info@tgworldenergy.com
    Website: www.tgworldenergy.com