TG World Energy Corp.

TG World Energy Corp.

March 29, 2005 09:35 ET

TG World Energy Corp.: Tenere Concession Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TG WORLD ENERGY CORP.

TSX VENTURE SYMBOL: TGE

MARCH 29, 2005 - 09:35 ET

TG World Energy Corp.: Tenere Concession Update

CALGARY, ALBERTA--(CCNMatthews - March 29, 2005) - TG World Energy Corp.
(TSX VENTURE:TGE):

- Seismic Acquisition Nearing Halfway Mark; Data Quality Excellent

- CNPC and Geophysical Subsidiary, BGP, Worldwide Desert Experience
Benefiting Program

- CNPC In-House Processing Centre Complete in Niamey; Processing to
Begin Immediately

TG World Energy Corp. (TGE-TSXV) ("TG World") is pleased to advise that
Operator, CNPC International (Tenere) Ltd. ("CNPCIT"), is making
excellent progress in the seismic acquisition program currently underway
in its Tenere Project in Niger, West Africa.

CNPCIT, a unit of the China National Petroleum Corporation ("CNPC"),
advised TG World at the recent Technical Committee Meeting (TCM) held in
Niamey, Niger, March 15-16, that approximately 40% of the 1,500 km, 2D
acquisition program had already been acquired, amounting to more than
600 km of data to date. The data is being acquired by CNPC's geophysical
contracting subsidiary, BGP Inc., taking advantage of CNPC's and BGP's
extensive experience in seismic acquisition in desert conditions around
the world.

Initial results indicate that the new data being acquired by CNPCIT is
of very high quality and superior to reprocessed vintage data.

In addition, through BGP, CNPCIT has now completed the establishment of
its in-house geophysical processing centre and will initiate production
processing of the data immediately in preparation for interpretation to
be conducted "back-to-back" in Niamey and Beijing. The centre will
additionally enable the Operator to process and interpret up to 7,000 km
of vintage data existing on the block.

TG World will also process a portion of the new data independently in
Calgary, and will conduct independent interpretation in support of the
partnership's technical co-operation on the Block.

"TG World is extremely impressed by the pace and quality of the
operations being conducted in Tenere by CNPCIT," said TG World President
and CEO, Mr. Clifford James. "The establishment of the processing centre
in conjunction with their acquisition program demonstrates how
aggressively they are pursuing this project. This is a world-class
operation, being conducted under difficult conditions."

Operator CNPCIT holds an 80% interest in the 71,000 sq. km Tenere Permit
in Niger. TG World Energy Corp. holds the remaining 20% interest and
will be carried by CNPC for all except minor elements of the Minimum
Work Program, under which the partnership will acquire a minimum of
1,500 km of 2D seismic data and drill three exploratory wells.

For more information on TG World Energy Corp and the Tenere Block
Project, please visit the Company's website at
http://www.tgworldenergy.com

The statements herein that are not historical facts are forward-looking
statements. These statements address future events and conditions and so
involve inherent risks and uncertainties. Actual results could differ
from those currently expected. The various risks associated with the
Tenere Block are more fully described in the Corporation's most recent
Material Change Report, which was filed on SEDAR on September 7, 2004
and which is available at www.SEDAR.com.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    TG World Energy Corp.
    Clifford M. James
    President & CEO
    (403) 265-4506
    (403) 264-7028 (FAX)
    Website: www.tgworldenergy.com
    TSX Venture Exchange does not accept responsibility for the adequacy or
    accuracy of this release.