SOURCE: Transworld Oil and Gas

November 21, 2005 16:05 ET

Transworld Oil and Gas Ltd Announces Negotiations for Purchase of the Company

HOUSTON, TX -- (MARKET WIRE) -- November 21, 2005 -- Transworld Oil and Gas Ltd. (OTC: TWOG) is pleased to announce that it has entered into negotiations for the purchase of the company. The company has received an unsolicited offer for the purchase of Transworld Oil & Gas Ltd. Management values the company at .03 per share. The company believes further pursuit on this purchase offer is warranted and has actively entered into the early stages of negotiations.

About Transworld Oil and Gas Ltd.

Transworld Oil and Gas Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasizes production, cash flow and reserve value by exploring for, developing, and purchasing oil and gas properties worldwide.

Safe Harbor Statement

The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. Forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.

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