TG World Energy Corp.
TSX VENTURE : TGE

TG World Energy Corp.

April 25, 2008 09:00 ET

TG World Files NI 51-101 And Year-End Documents

CALGARY, ALBERTA--(Marketwire - April 25, 2008) - TG World Energy Corp. (TSX VENTURE:TGE) ("TG World" or "the Company") announced today it has filed its Form 51-101F1 - Statement of Reserves Data and Other Oil and Gas Information, Form 51-101F2 - Report on Reserves Data by Independent Qualified Reserves Evaluator and Form 51-101F3 - Report of Management and Directors on Oil and Gas Disclosure with certain securities regulatory authorities in Canada under National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. Such filings can be accessed electronically from the SEDAR website at www.sedar.com.

The Company has also SEDAR filed its audited consolidated Financial Statements and Management's Discussion and Analysis for the years ended December 31, 2007 and 2006, which can also be accessed on the Company's website at www.tgworldenergy.com.

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 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 Alaska Joint Venture includes a 25 - 35% working interest in approximately 340,000 gross acres of lease lands and an Area of Mutual Interest under which additional lands may be acquired. In February 2008, the North Shore #1 well tested 2,092 barrels of oil per day of 34 degree API oil from the Ivishak formation. In April 2008, the JV announced that the Tofkat #1 well discovered oil-bearing sandstone reservoir in the primary Kuparuk formation, and that the well is suspended for possible re-entry and twinning as a future production well.

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 kilometres (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 (drilled earlier in 2007), were dry holes. The third exploration well, named Facai-1, is expected to be spud in the latter half of 2008.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release and the TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • TG World Energy Corp.
    Clifford M. James
    President and 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