TG World Provides Update on Alaska Well

TG World Provides Update on Alaska Well

TG World Energy appoints Smith to board of directors

2007-06-20 12:23 MT - News Release

Mr. Clifford James reports

TG WORLD APPOINTS JAMES CAMERON SMITH AS DIRECTOR

TG World Energy Corp. has appointed James Cameron Smith as a member of the board of directors of the company. Mr. Smith is an established figure in the oil and gas industry and further complements the extensive experience of the TG World directors.

Mr. Smith is a chartered accountant with more than 35 years of experience in management functions, focusing on the financial and administrative areas. He has specific expertise and a background in financial analysis and reporting; financial markets; analyzing and financing corporate and property acquisitions and divestitures; selecting and developing high-performance teams; and operating in a controlled cost environment.

Mr. Smith has been involved in the oil and gas industry since 1983 and has served as a vice-president for Amoco Canada, Crestar Energy and Dome Petroleum. He also served as the chief financial officer of Crestar Energy from its formation in 1992, through its public offering in 1993, until 1998. In more recent years, Mr. Smith has acted as a CFO and/or consultant for a number of smaller oil and gas companies and has delivered professional development courses for chartered accountants. Mr. Smith currently serves as a director for Penn West Petroleum Ltd., Pure Energy Services Ltd., Grey Wolf Exploration Inc. and Grand Petroleum Inc.

"We are pleased Jim has joined TG World's board," noted Ted Best, TG World's chairman. "Jim is a seasoned business executive whose background in management and accounting will add further strength to the board of directors."

TG World to webcast meeting on Alaska, Niger projects

2007-06-12 09:36 MT - News Release

Mr. Clifford James reports

TG WORLD ANNOUNCES WEBCAST DETAILS FOR ANNUAL AND SPECIAL MEETING

TG World Energy Corp. (TGE) 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 chief executive officer 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 p.m. MT.

Webcast

The live webcast will start at approximately 3:10 p.m. MT on June 19, 2007.

For those who are not able to listen to the live event, the webcast will be archived for 90 days.

An electronic copy of TG World's corporate presentation will be made available on the company's website under the heading "Presentation" at approximately 3 p.m. MT on June 19, 2007. Listeners are encouraged to follow along with the slides during the webcast.

TG World JV comes up dry at Fachi West-1 well

2007-06-01 13:42 MT - News Release

Mr. Clifford James reports

TG WORLD PROVIDES TENERE (NIGER) PROGRAM UPDATE

- Receives Results Of Fachi West-1 Well

- Location Of Third Exploration Well (TG World Carried) To Be Selected After Evaluation Of Seismic And Results Of First Two Wells

TG World Energy Corp. has received confirmation from the operator of the Tenere concession, CNPC International Tenere, a unit of the China National Petroleum Corp., that the second exploration well on the Tenere block, Niger, has been plugged and abandoned as a dry hole.

CNPCIT has advised that Fachi West-1 reached a total depth of 3,400 metres in the Donga formation. No significant hydrocarbon shows were encountered while drilling and there were no significant indications of hydrocarbons on wireline logs. The well was plugged and abandoned on May 27, 2007, without testing. The well took 51 days to drill.

Fachi West-1 was the second of three exploration wells being drilled by operator CNPCIT and TG World on the Tenere concession, Niger.

The results of the Fachi West-1 well are being integrated into the data interpretation prior to finalizing the selection of the location for the third prospect, which is anticipated to be drilled as soon as possible in 2007.

TG World is carried by CNPCIT as to its 20-per-cent share in the concession for the first three exploration wells and for all seismic acquisition, processing and interpretation until the end of the second exploration well. To the end of 2006, approximately 3,965 kilometres of new 2-D seismic has been acquired and interpreted.

Hopefully we will hear something shortly.

I bought in yesterday and liquidated some other stocks including a few oilers. They have begun drilling on the second well in Niger, the Fachi West 1. Its worth a gamble at this price.

I am riding free shares here, looks like my warrants are worthless.

Any thoughts kd?

I guess Alaska is on hold until next winter and the market has little confidence in Mali.

TG World Energy drills one oil well in Alaska

2007-04-11 18:05 MT - News Release

Mr. Paul Moon reports

TG WORLD ANNOUNCES ALASKA OIL DISCOVERY

TG World Energy Corp. and its joint venture partners, Brooks Range Petroleum Corp. (BRPC or the operator), Ramshorn Investments Inc. and Bow Valley Alaska Corp., have released the results of a two-well exploration program on the North Slope of Alaska, resulting in one discovery and one dry hole.

The North Shore No. 1 well reached a final total vertical depth of 10,319 feet (13,309 feet measured depth) in the Ivishak formation. The next operation is to case the well as a potential oil producer. The well is approximately 1,100 feet west of and appears to be comparable with the 1974 Mobil Gwydyr Bay South No. 1 well, which flowed at an average rate of 2,263 barrels of oil per day on production test from the same formation. The potential size and economic viability of this discovery will be evaluated using three-dimensional seismic data, which the JV partners acquired over the prospect area during this winter season. A full testing program of the North Shore No. 1 well will be undertaken during the 2008 winter season.

BRPC has also informed the JV partners that Nabors Rig 27-E did not encounter any oil-charged sand formations while drilling the Sak River No. 1 well. The JV partners have suspended the Sak River No. 1 well, pending further evaluation, for the possibility of drilling an exploratory sidetrack during the 2008 winter drilling season. The JV partners expect to integrate the new well data with proprietary three-dimensional seismic data to evaluate the sidetrack opportunity. The operator has confirmed that the Sak River No. 1 well was drilled to a depth sufficient to test both Kuparuk and Ivishak sandstone formation targets. It reached a total vertical depth of 11,348 feet (13,110 feet measured depth).

In addition, the operator has informed the JV partners that field acquisition of approximately 130 square miles of data for the North Shore three-dimensional seismic survey was completed on schedule by Kuukpik Veritas on March 31, 2007. Both the North Shore No. 1 and Sak River No. 1 well locations are imaged by the new 3-D seismic data.

"TG World is pleased to announce the North Shore No. 1 discovery early in our North Slope, Alaska, exploration program," said Cliff James, TG World president and chief executive officer. "Clearly there is evaluation work still to be performed on the well to assess its potential. The partnership group is committed to developing this discovery as soon as possible. Our early success reaffirms our presence in the central North Slope exploration program. Based on our current prospect inventory and together with the additions we anticipate will emerge and firm up from our recent seismic acquisition and data gathering program, we expect to see a multiple-well program in the 2008 winter season and in the years to follow. With the results of North Shore No. 1 and the continuing multiyear exploration program covering approximately 309,000 acres of mineral rights the JV partners control, we are confident that we will be able to build significant production and revenue for TG World."

TG World has a 35-per-cent working interest in the North Shore No. 1 well and in all the JV leases covered by the recent proprietary 3-D seismic survey.

TG World Energy hears of spuded Fachi West-1 well

2007-04-09 09:16 MT - News Release

Mr. Clifford James reports

TENERE (NIGER) PROGRAM UPDATE: TG WORLD ANNOUNCES COMMENCEMENT OF SECOND NIGER EXPLORATION WELL

TG World Energy Corp. has been advised by CNPC International Tenere Ltd., operator of the Tenere block, Niger, that CNPCIT has spuded the second well in the Niger exploration program, Fachi West-1, on April 7, 2007. The drilling rig was released from the previous well, Saha-1 on Feb. 25, 2007. The operator has mobilized the rig northward across lateral dunes from the Saha-1 location approximately 27 kilometres to the second location.

CNPCIT is a unit of the China National Petroleum Corp. The Tenere concession is held 80 per cent by CNPCIT and 20 per cent by TG World Energy, a wholly owned subsidiary of TG World.

TG World also provided additional information on the results of the first well, Saha-1. The last announcement concerning the Saha-1 exploration well was reported in Stockwatch on Feb. 28, 2007, at which time preliminary information respecting drill-stem testing was reported. TG World has subsequently received more detailed technical information on the drill-stem testing operations from CNPCIT.

Analysis confirms that one interval flowed oil in non-commercial quantities, along with water, on test. Sufficient data was recovered to indicate that a second interval tested is a tight reservoir.

"The test results from Saha-1 confirm the existence of a working hydrocarbon system in the Tenere Block," said TG World president and chief executive officer, Cliff James. "While we would obviously have preferred a commercial discovery on the first well, this is frontier exploration and we'll definitely settle for this result.

"Importantly, analysis of the Saha-1 data suggests that the Fachi West-1 location remains a compelling prospect for the second well in the drilling program," Mr. James added.

TG World's analysis of the provided Saha-1 test data indicates the presence of the following oil exploration play system elements:

* a working petroleum system, as indicated by oil on test, is reinforced by the drilling of two potential source rock intervals. Laboratory testing is scheduled to assess the richness and maturity of these two zones; and
* reservoir sandstones were encountered in the primary objective Sokor and Madama formations. Sandstones were also encountered in the Donga formation.

TG World has been advised by the operator that integration of Saha-1 data into Tenere concession mapping has commenced. Once all the data collected from Saha-1 are analyzed and available for integration, the existing prospect inventory will be rerisked and reranked, and a selection is expected to be made for the third exploration well, scheduled for drilling after Fachi West-1.

The operator also advised that its seismic acquisition crew is currently acquiring data in its adjacent Bilma concession, to which TG World is not a party. Once the Bilma program is concluded, the operator has advised that it intends to return the crew to the Tenere block to begin acquisition of an additional 700 kilometres of 2-D seismic.

Perking up?

TG World spuds Sak River well March 16

2007-03-19 17:32 MT - News Release

Mr. Clifford James reports

CENTRAL NORTH SLOPE ALASKA UPDATE: TG WORLD ANNOUNCES COMMENCEMENT OF SAK RIVER #1

TG World Energy Corp. has provided an update on the Alaska Central North Slope winter 2006-to-2007 exploration drilling program, which is being carried out by the project operator, Brooks Range Petroleum Corp. (BRPC or the operator), a wholly owned subsidiary of Alaska Venture Capital Group (AVCG).

BRPC has informed its joint venture partners, TG World Energy, Bow Valley Alaska and Ramshorn Investments Inc. (JV partners), that the Sak River No. 1 well was spud on March 16, 2007. The well is being drilled with the Nabors Alaska Drilling Rig 27-E. This is the second Nabors rig under contract to BRPC; the Nabors Rig 16-E is currently drilling the North Shore No. 1 well. The Sak River No. 1 well will test oil prospects on State of Alaska oil and gas lease ADL390431 which was acquired by AVCG LLC at the 2003 Beaufort Sea area-wide sale. TG World's working interest in the Sak River No. 1 prospect is 35 per cent.

The surface location of the Sak River No. 1 well is an onshore ice pad accessed via a six-mile ice road, which departs the existing gravel road infrastructure heading north from the Prudhoe Bay unit S pad drill site. The well is expected to be drilled deviating northeast from the surface location to a bottom-hole location 13,100 feet measured depth (11,500 feet subsea and true vertical depth) to test the prospects lying under the Gwydyr Bay. The JV partners elected to drill the Sak River No. 1 well from an onshore surface location to an offshore bottom-hole location so that the well can be retained as a development well if successful. An onshore development in this area reduces the potential impacts to the environment and will allow development permits to be obtained in a more timely fashion. The well is scheduled to take approximately 22 days to drill to reach total depth in the Ivishak formation.

The Sak River No. 1 well is being drilled to test stacked oil prospects in the Kuparuk and Ivishak zones. The prospects are viewed as simple structural closures with upside stratigraphic trapping potential, as mapped on 3-D seismic data. Doug Hastings, vice-president of exploration for BRPC, said: "The Sak River No. 1 is our first exploration well in our Gwydyr Bay prospect area. The most recent exploration well in the region was drilled in 1997. The JV partners control 47,866 acres in the region and are currently acquiring proprietary 3-D seismic data to evaluate on-trend leads analogous to the Sak River No. 1 prospect as well as our North Shore prospect."

TG World names Chelico as CFO

2007-03-14 09:18 MT - News Release

Mr. Clifford James reports

TG WORLD APPOINTS GEORGE CHELICO AS CFO

TG World Energy Corp. has appointed George Chelico as chief financial officer (CFO) to the company.

Mr. Chelico has over 30 years of experience in finance and taxation in the oil and gas, and fertilizer, industries. He holds a bachelor of commerce degree with a major in accounting and business administration from Loyola University of Montreal (now Concordia). Mr. Chelico has held senior positions in the tax, accounting, internal audit and insurance fields with BP Canada (now Talisman Energy) and Agrium Inc.

TG World, partners buy Bachner acres in North Slope

2007-03-09 09:20 ET - News Release

Mr. Clifford James reports

TG WORLD AND JV PARTNERS INCREASE LEASEHOLD BY 70% ON ALASKA NORTH SLOPE

TG World Energy Corp. and its joint venture partners -- Alaska Venture Capital Group LLC (AVCG), Brooks Range Petroleum Corp., Ramshorn Investments Inc. and Bow Valley Alaska Corp. -- have acquired the majority of acreage held by the bid group of J. Andrew Bachner, Keith Forsgren and David Feddersen (Bachner) on the North Slope of Alaska.

The leases acquired totalled 126,990 gross acres -- this represents a 70-per-cent increase in the total acreage currently held by the joint venture partners, up to 309,384 acres from 182,394 acres. The acreage was originally acquired by Bachner in the Alaska area-wide lease sales over the past few years. The acreage acquired is principally in four key areas on the North Slope:


Gwydyr Bay area -- 5,115 acres east of Milne Point unit and surrounded on three sides by existing joint venture lands, where the joint venture partners are drilling two exploration wells and acquiring a 3-D seismic program this winter season;
Colville Delta area -- 11,472 acres west of Kuparuk River unit, adjacent to the northwest corner of the joint venture's Titania leasehold and north of the joint venture's Cronus leasehold;
Pt. Thomson area -- 96,000 acres south of the terminated Pt. Thomson unit, west of the Arctic National Wildlife Refuge (ANWR), and east of the joint venture's Slugger leasehold (the Yukon Gold No. 1 and Red Dog No. 1 wells were drilled on this block of leases); and
Camden Bay area -- 14,403 acres surrounding the ARCO Stinson No. 1 well (that well was drilled in 1990, certified capable of producing and granted extended well data confidentiality because of its proximity to unleased acreage within the ANWR).

The joint venture partners paid an undisclosed sum of cash for the acreage (accounted for in TG World's current budget), and Bachner will maintain an undisclosed overriding royalty interest in the acreage. BRPC vice-president of land and external affairs Jim Winegarner stated: "The Bachner acreage acquisition makes the joint venture partners one of the largest exploration-acreage ownership groups on the North Slope. Gross acreage held by the joint venture partners will total over 300,000 gross acres after this transaction closes and leases are issued from the October, 2006, area-wide sale."

As an update on the seismic acquisition program, Larry Smith, chief geophysicist of BRPC, said: "The joint venture partners' geophysical contractor, Kuukpik Veritas, has started to acquire data on the 130-square-mile North Shore 3-D seismic survey. Kuukpik Veritas should complete the field operations by March 31, 2007. The survey will provide coverage of the group's acreage position in the Gwydyr Bay area, including the newly acquired Bachner leases."

TG World operator says Saha-1 not commercially viable

2007-02-28 09:17 ET - News Release

Mr. Clifford James reports

TG WORLD PROVIDES TENERE (NIGER) PROGRAM UPDATE

TG World Energy Corp. has received preliminary information with respect to the drill stem tests conducted on the Saha-1 well in Niger by the operator of the Tenere concession, CNPC International Tenere (CNPCIT), a unit of the China National Petroleum Corp. CNPCIT has advised that tests were conducted over two intervals. Although oil flowed from one such interval, water was also encountered during the test and CNPCIT has determined that the well, based on these test results, will not be capable of commercial production. The test over the second interval apparently was incomplete.

Saha-1 is the first of three exploration wells being drilled by operator CNPCIT and TG World on the Tenere concession, Niger. TG World is carried by CNPCIT as to its 20-per-cent share in the concession for the first three exploration wells and for all seismic acquisition, processing and interpretation until the end of the second exploration well. To the end of 2006, approximately 3,780 kilometres of new 2-D seismic has been acquired and interpreted.

TG World is awaiting more detailed information concerning the testing of the Saha-1 well and expects to issue a news release containing additional information following receipt of more technical data from the operator and TG World's own interpretations.

The operator advises that it will begin mobilization to the second exploration drilling location, Fachi West-1, in the next few days.

NRS turned into a monster, though it doesn't really surprise, now for TGE to bust loose.

Sure is Tackler, NRS as well on their Nicaraguan play, huge zones with possibly very nice flow rates, though opportunity may have passed for cheap shares.

Looking good.

TG World spuds North Shore No. 1 well


2007-02-08 11:22 MT - News Release

Mr. Clifford James reports

TG WORLD PROVIDES CENTRAL NORTH SLOPE ALASKA JOINT VENTURE UPDATE

TG World Energy Corp. is providing an update on the Alaska Central North Slope winter 2006-2007 exploration drilling program, which is being carried out by the project operator, Brooks Range Petroleum Corp. (BRPC), a wholly owned subsidiary of Alaska Venture Capital Group (AVCG).

BRPC has informed its joint venture partners that Nabors Drilling Alaska rig No. 16E spudded the North Shore prospect on Feb. 8, 2007. The North Shore No. 1 well will test an oil prospect on state of Alaska oil and gas lease ADL 47468, which was recently acquired by BRPC via a farm-out arrangement with the current lessees. TG World's working interest in the prospect is 35 per cent.

The North Shore No. 1 well aims to confirm an Ivishak oil accumulation that was originally tested by Mobil in 1974. The 1974 well tested oil at a flow rate of 2,263 barrels per day, on a restricted choke, of 35-degree API gravity oil through 35 feet of perforations. The prospect sits in a separate fault block just north of the giant Prudhoe Bay field. Based on available 3-D seismic data, Larry J. Smith, chief geophysicist of BRPC, said: "We have identified a structural closure of interest on 3-D seismic. Today's 3-D seismic technology and 3-D mapping techniques were not available to Mobil when they drilled their well, making it difficult for them to map reservoir geometry."

After the completion of the North Shore No. 1 operations, Nabors rig No. 16E is expected to move (approximately a mile and a half) north to drill the Sak River No. 1 well, an independent Kuparuk/Ivishak test of the Gwydyr Bay prospect. TG World's working interest in the Sak River No. 1 prospect is 35 per cent.

Mr. Smith also said: "BRPC is in the final stages of planning, permitting and designing the 130-square-mile North Shore 3-D seismic survey to be acquired beginning in early March, 2007, by Kuukpik Veritas. This survey will provide coverage of the BRPC group's acreage position in the Gwydyr Bay area."

BRPC provided the following comments on the well rig-up operations. Bo Darrah, chief executive officer of BRPC, said: "Brooks Range Petroleum Corp. is committed to safe operations and economic growth, providing jobs for Alaskan's, while leading the way in environmental stewardship. We place a high priority on purchasing goods and services locally, and we are committed to giving local contractors and suppliers the opportunity to participate in our projects through the competitive bid process."

Bart Armfield, vice-president of operations for BRPC, said, "All of the vendors and contractors are providing services in a safe and cost-effective manner." Besides Nabors, other vendors and contractors for BRPC include Kuukpik LCMF for surveying, Nanuq Inc. for ice road/pad construction and Kuukpik Arctic Catering for camp services.

Jim Winegarner, vice-president of land and external affairs for BRPC, said, "The BRPC group appreciates those who have made our progress on this project possible, including the State of Alaska, the North Slope Borough, Alaska Clean Seas and the major facility owners on the North Slope."

TG World has made a series of photographs from the North Shore No. 1 operation available on its website.

We seek Safe Harbor.

TG World operator to test Tenere in next few days


2007-02-02 09:20 MT - News Release

Mr. Clifford James reports

TG WORLD PROVIDES TENERE (NIGER) DRILLING UPDATE

TG World Energy Corp.'s operator of the Tenere block (Niger), CNPC International Tenere (CNPCIT), a unit of the China National Petroleum Corp., has run all logs of the bottom section of the Saha-1 exploration well and has set and cemented the 177.8-millimetre liner to total depth of 3,500 metres. According to CNPCIT, it plans to complete bottom-hole operations and to rig up for testing, which is anticipated to begin within the next few days.

The operator has advised that, on evaluation of the logs, it identified four intervals that will be tested during the program, which is expected to take approximately three to four weeks. This is a longer testing period than previously anticipated and announced.

The operator has confirmed to TG World that delays were incurred in running logs between approximately 2,500 metres and total depth at 3,500 metres, resulting in a longer-than-anticipated period to commence testing.

The company expects to make a further announcement when all testing results are made available to it.

We seek Safe Harbor.

So did the share price spike because of the hole or just a leak that a pr was coming?

TG World's Tenere well reaches 3,500 m depth

2007-01-18 12:36 ET - News Release

Mr. Clifford James reports

TG WORLD PROVIDES TENERE 'NIGER' DRILLING UPDATE

TG World Energy Corp. is providing an update on the exploration campaign being carried out by the project operator, CNPC International Tenere, a unit of China National Petroleum Corp. For past information concerning the Tenere project, please refer to the company's website.

The operator has advised the company that the Saha-1 exploration well, being drilled in the Tenere permit, Niger, reached total depth of 3,500 metres at midnight on Jan. 16, 2007, Niger time, and the operator is now proceeding to log the open-hole section and finalize plans for a drill-stem testing program.

Readers are cautioned that the company has insufficient information at the current time to assess whether the structure targeted by the Saha-1 well contains any meaningful quantities of hydrocarbons or whether the Saha-1 well will be capable of producing hydrocarbons in commercial quantities. Testing of the well and analysis of the test data are required to enable the company to make such determinations.

Saha-1 testing

TG World has been advised that, following completion of logging runs and bottom-hole operations, which is expected to take three to four days, the operator plans to rig up its on-site testing unit. Testing is scheduled to require approximately two weeks. The company plans to issue a separate news release, to report the results of the testing program, when those results are made available to TG World.

Tenere block -- second exploration well

Following completion of Saha-1 testing operations, the rig will be moved to commence drilling of the second planned CNPCIT-operated exploration well. CNPCIT has advised the company that construction of the drilling platform at the second location has been completed. Rig move and rig-up to spud may take as long as two months because of desert conditions. CNPCIT has indicated that it is considering renaming the second well, previously referred to as Fachi West-1, to correspond better to Niger internal nomenclature.

Operating committee meeting Dec. 13, 2006

At an operating committee meeting held on Dec. 13, 2006, in Beijing, CNPCIT and TG World confirmed their commitment to an aggressive work program and budget for 2007. The partnership will drill two exploration wells (firm) and, in the event of a discovery, an appraisal well (contingent). As well, the 2007 budget provides for the acquisition of an additional 700 kilometres of 2-D seismic data, to provide additional regional coverage and prospect-specific detail coverage. The operator has indicated that it also plans to acquire 3-D seismic data in the event of a discovery.

Chart looks like black gold in Africa :)

Anonymous stepping in to sell shares then we go up.
Someone funding their $1.50 warrants

That changed fast...



The cross: 2007-01-04 09:45:02 1.65 -0.05 290,000 33 Canaccord 33 Canaccord

No selloff here.

TG World paves way for Alaska drilling with ice roads

2006-12-21 11:57 ET - News Release

Mr. Clifford James reports

TG WORLD PROVIDES CENTRAL NORTH SLOPE ALASKA JOINT VENTURE UPDATE

TG World Energy Corp. is providing an update on the Alaska Central North Slope winter 2006-2007 exploration drilling program, which is being carried out by the project operator, Brooks Range Petroleum Corp., a wholly owned subsidiary of Alaska Venture Capital Group. The current program contemplates the drilling of two wells and a sidetrack targeting three oil prospects north of the Prudhoe Bay unit. If time permits, a third well may also be drilled this winter drilling season. For past information concerning this project, please refer to the company's website.

Ice road construction and rig move

Construction of two ice roads (designed to provide access to two onshore drill site pads) is currently under way. The main ice road starts at the S-Pad in the Prudhoe Bay field and will extend approximately six miles north to the Sak River pad, the more northerly of the two ice pads. The second road is a short spur ice road extending east from the main ice road to the North Shore pad. Both of the ice pads are onshore. The drilling plan for the North Shore well contemplates the use of directional drilling to target a prospect under the Kuparuk River delta, while the plan for the Sak River well and sidetrack anticipates the use of directional drilling to target offshore prospects located under the Beaufort Sea, within Alaska state waters. The ice roads are expected to be open at the end of December.

TG World has been advised that final commissioning is under way for Nabors drilling rig 16E. Transportation of the rig to the first drilling pad is expected to commence with the opening of the ice roads. The first well is expected to spud in mid-January, 2007. An on-site camp will support most of the personnel involved in the drilling activities.

North Shore No. 1 well

The operator plans to drill the North Shore No. 1 as the first well in the program, subject to timely finalization of farm-out agreements. Jim Winegarner, vice-president of land and external affairs for BRPC, has noted that: "The North Shore No. 1 well will target a tilted fault block accumulation that the Mobil Gwydyr Bay South No. 1 well tested oil in 1975. The target prospect lies within an Exxon, Chevron and ConocoPhillips lease -- the lease owners have expressed support for a farm-out for the prospect."

Sak River No. 1 and No. 1A well

The second well in the drilling program is the Sak River No. 1 and No. 1A well. Mr. Winegarner has noted that the Operator plans to first: "Drill a structural closure that we see in the lower Kuparuk. We plan to come back and sidetrack the well to test the extent of hydrocarbons we expect to see in the first well sand, as well as what can be seen on seismic to be a thick upper Kuparuk." The Sak River well and sidetrack will target offshore Gwydyr Bay prospects in AVCG/JV acreage. According to the operator, the Sak River prospects were formerly part of the BP-operated Sak River unit. BP had planned to drill in the unit during the winter 2002-2003 drilling season, with AVCG holding a 38-per-cent working interest in the well. However, that well was never drilled and the Sak River unit was later terminated.

3-D seismic program

Veritas Geophysical has been contracted to acquire 128 square miles of 3-D seismic data over joint venture lands in the Gwydyr Bay prospect area. This program is scheduled to commence on March 21, 2007, and the operator expects that the acquisition phase of the program will take approximately 21 days to complete. Prospects mapped from this data will be candidates for the winter 2008 drilling program.

Good morning Tackler, also today a nice day for EXM - TSX-V

All the best

janet

TG World prepares drill site of second well at Tenere

2006-11-20 11:16 ET - News Release

Mr. Clifford James reports

TG WORLD TENERE PROJECT UPDATE

TG World Energy Corp. is reviewing its Tenere exploration program, which is being carried out by the project operator, CNPC International Tenere, a unit of China National Petroleum Corp. Unless otherwise indicated, operational information set out in this news release concerning the Tenere concession has been provided to TG World by CNPCIT.

The Saha-1 exploration well is drilling ahead with a newly constructed, deep-drilling rig supplied by Great Wall Drilling Corp. of China. Rig GW-131 carries a 1,600-horsepower draw works and a new, U.S.-supplied top drive unit as well as a full range of new, contemporary ancillary equipment. Saha-1 commenced drilling on Oct. 30, 2006. At the time of this release, the operator has set 13.375-inch casing at approximately 1,172 metres and is drilling ahead below that depth.

Based on information from the operator, the company anticipates that the Saha-1 well will reach total depth (approximately 3,500 metres) in early January, 2007, at which time a full suite of logs will be run and a decision will be made whether to test the well. Logging and testing equipment is already mobilized to site.

The well site location for the second well, Fachi West-1, is currently under construction and the drilling pad and sump are expected to be completed in mid-December.

Once the GW-131 rig is released from the Saha-1 drilling location, it is expected that it will take approximately one month to move the rig and commence drilling the second exploration well, Fachi West-1.

The seismic data acquired in the recent 2006 acquisition campaign have now been processed and are being interpreted by CNPCIT. CNPCIT acquired nearly 1,200 kilometres of new data including infill seismic and new regional lines in the north of the block. TG World has received copies of these new data which it plans to independently analyze prior to technical and operating committee meetings scheduled to be held in Beijing in mid-December.

A representative of TG World recently visited the operator's Niger operations and provided a positive report to management of TG World respecting the drilling campaign and comprehensive in-country infrastructure established by CNPCIT. The operator has acquired a large, enclosed area on the outskirts of Agadez, within which a camp has been constructed that includes living quarters and office facilities for about 40 full-time employees. Drilling equipment and consumables for all three wells have been mobilized to this site. A separate storage area has also been acquired, adjacent to the exit road from Agadez, to store pipe and casing for the drilling program.

A fleet of 20 desert-equipped specialized trucks has been assembled by the operator to provide transportation of personnel and equipment, and a unit of CNPC specialized in desert transportation, China Petroleum Technical and Development Corp., has established a halfway camp at the edge of the Tenere desert to address issues of maintenance, safety and security.

Commenting on the efforts of the operator in relation to the Tenere project, Cliff James, the president and chief executive officer of TG World, noted: "In addition to mobilizing brand-new equipment for the entire campaign, CNPCIT is running a well-managed, well-organized operation with high priority on safety and the environment. We are very impressed with the operation."

Good afternoon Tackler something to consider.....

Have a great weekend

janet


Shortcut to: http://www.stockhouse.com/bullboards/viewmessage.asp?no=13472766&t=0&all=0&TableID=0

"In May, CNPC agreed to invest US$2 billion in the Kaduna refinery in Nigeria after winning four blocks in a mini-bid round. "

Canaccord on TGE...

http://www.stockhouse.com/bullboards/viewmessage.asp?no=13474375&t=0&all=0&TableID=0

TG WORLD ENERGY (V-TGE) $1.95 -0.05
Find something that could be big, buy early and cheap, sell
a bunch when some easy money has been made and hold a
few just in case this big play hits!!
Sounds easy, but sometimes the discipline is lacking, the
markets have gone bad or in this case delay, delay, delay………..
TGE first had its partner be delayed six to eight
months in delivering drilling equipment to their Tenere project
in Niger – a potentially significant Rift Basin play and then in
the middle of the Sahara Desert they are hit with record rains
that delay drilling almost an additional month. But as you can
see from the news announcement yesterday they are now
drilling.
With three wells to be drilled in Niger (high reward/high
risk) and this winter two to four wells in the Alaska Prudhoe
Bay (moderate reward/less known risk). TGE will be a timely
story for the next few months.

That is a positive development Janet! Thanks.

TGE: Shortcut to: http://www.stockhouse.com/bullboards/viewmessage.asp?no=13493448&t=0&all=0&TableID=0

TG World Energy spuds Saha-1 well at Tenere

2006-10-30 15:44 ET - News Release

Mr. Clifford James reports

TG WORLD TENERE PROJECT UPDATE

TG World Energy Corp.'s Saha-1 exploration well has commenced drilling on its Tenere concession, Niger.

The company has been advised by the Tenere project operator, CNPC International Tenere Ltd., a unit of the China National Petroleum Corp., that the Saha-1 well was spudded at 7 a.m. Niger time (6 a.m. GMT) on Oct. 30, 2006.

The Saha-1 well, which is expected to be drilled to a total depth of approximately 3,600 metres, is the first of three back-to-back exploration wells planned for the Tenere concession during the first exploration period. Through a wholly owned subsidiary, TG World holds a 20-per-cent carried interest in the well and the Tenere concession.

"This is great news," said TG World chief executive officer Clifford James. "The top drive was the last major piece of equipment to be delivered and we are advised that it is now installed and operating. CNPC has expended considerable effort to provide equipment in advance for any eventuality in the drilling program -- for all three wells. They are applying the expertise gained from their Sudan and Chad discoveries and we anticipate a highly professional drilling campaign."

TG World JV wins $836,800 bid in North Slope lease sale

2006-10-26 14:10 ET - News Release

Mr. Clifford James reports

TG WORLD AND JV PARTNERS ANNOUNCE SUCCESSFUL BIDS IN ALASKA NORTH SLOPE AND BEAUFORT SEA LEASE SALES

TG World Energy Corp. is party to apparent high bids, by Alaska Venture Capital Group, LLC, in the Alaska North Slope area-wide lease sale and the Beaufort Sea near-shore, state lease sale. Sealed bids from industry were opened on Oct. 25, 2006, by the Alaska Department of Natural Resources in Anchorage, Alaska.

On behalf of the joint venture companies TG World, Ramshorn Investments, Inc. (a wholly owned subsidiary of Nabors Drilling U.S.A. LP) and Bow Valley Energy, AVCG had successful bids totalling $836,800, or 26 per cent of the total $3.2-million bid at both sales by eight industry bidders or bidding groups.

AVCG was apparent high bidder ($630,400) on 12 of 13 tracts bid, for 30,700 acres, in state jurisdiction lands in the Beaufort Sea near-shore. Seven of the bids (totalling $311,680 for 17,920 acres) consolidates AVCG's acreage block in its Gwydyr Bay prospects area. The JV partners currently plan to drill two wells this winter on their Gwydyr Bay lands from onshore surface locations to distinctly different offshore subsurface targets. A third well may be drilled dependent upon the initial wells' results. The other five high bids in the Beaufort Sea sale (totalling $318,720 for 12,800 acres) are in a new area for AVCG, north of the Alpine field.

In the North Slope sale, AVCG consolidated acreage surrounding its Titania prospect on the western side of the North Slope in the Colville River area with the purchase of four tracts, for 8,960 acres. Total bids in this area were $111,360. The Titania prospect is south of the large 500-million-barrel Alpine field complex operated by ConocoPhillips. A 3-D seismic shoot is currently planned in this area, potentially this winter, with possible exploration drilling in the 2008 winter season.

Operations in the Gwydyr Bay area and the other prospect areas held by AVCG will be managed by Anchorage-based Brooks Range Petroleum Corp., a wholly owned subsidiary of AVCG LLC.

The AVCG/TG World Energy/Ramshorn/Bow Valley Energy joint venture was formed earlier this year as an exploration agreement covering a large area of mutual interest on the central part of the Alaska North Slope and adjacent near-shore leases in the Beaufort Sea. All of the JVs are currently expected to exercise their option to acquire their proportionate share of the leasehold acquired by AVCG once the leases are issued by the State of Alaska.

"This is a very successful sale result for us," said Cliff James, TG World's chief executive officer. "We added acreage in our Gwydyr Bay and Titania prospect areas, and we acquired acreage in a new play area which we believe will add additional value to TG World going forward."

I like CNPC involvement

Take care

janet

Yes a very quick move to $2 now lets see some new highs!

Good morning Tackler have seen the news, thank you

Looks like another good day for TGE today......

All the best
janet

TG World North Slope JV joined by Bow Valley Energy

2006-10-25 09:35 ET - News Release

Mr. Clifford James of TG World reports

TG WORLD JOINED BY BOW VALLEY ENERGY IN CENTRAL NORTH SLOPE ALASKA PROJECT

Bow Valley Energy Ltd. has entered into a joint venture agreement with Alaska Venture Capital Group, LLC (AVCG) and its operating subsidiary Brooks Range Petroleum Corp. (BRPC), under which Bow Valley has agreed to participate in an exploration program on the North Slope of Alaska along with fellow participants Ramshorn Investments and TG World Energy Corp.

The North Slope joint venture was formed in March, 2006, between TG World and BRPC, which also acts as project operator. The BRPC/TG World joint venture was formed as an exploration partnership covering a large area of mutual interest on the Alaskan North Slope. Membership in the joint venture was expanded in June, 2006, with the addition of Ramshorn Investments, Inc., a wholly owned subsidiary of Nabors Drilling USA, LP, the world's largest oil and gas drilling contractor. For past information on the joint venture and the prospect areas, please refer to TG World's Sept. 7, May 18 and March 20, 2006, news releases in Stockwatch, which are also available on the company's website.

"We welcome the addition of Bow Valley Energy to the Alaska North Slope joint venture," said Cliff James, TG World's chief executive officer. "Bow Valley is a successful exploration and production company in both international ventures and Western Canada. We expect that Bow Valley's project management and technical experience will benefit our joint venture, and we look forward to working together with the Bow Valley team."

Good afternoon Tackler, yes very nice today and I am confident for the future......

Keep smiling,

Take care

janet

Nice day for TGE

Bought more TGE today

Good luck to all

janet

TG World suffers rain delay at Tenere

2006-10-10 11:38 ET - News Release

Mr. Clifford James reports

TENERE 'NIGER' PROJECT UPDATE

TG World Energy Corp. is continuing successful mobilization toward drilling of the Saha-1 exploration well in the Tenere block, in Niger, despite the extraordinary weather events and logistical difficulties that have impacted the Tenere operations in the past month. The Saha-1 well is the first of three back-to-back wells scheduled to be drilled on the Tenere concession.

The project operator, CNPC International Tenere (CNPCIT), a unit of the China National Petroleum Corp., has advised TG World that transportation of the rig and drilling supplies to the drilling site was hampered by the extended period of unusual rains and flooding experienced in the Agadez-Tenere region of the Sahara Desert in August and September, as well as certain other logistical difficulties. As reported extensively in the international media, the extraordinary rains dislocated thousands of desert residents from their homes. For a period of several weeks, the inclement weather made sections of the desert terrain extremely difficult for mobilizing drilling equipment and supplies. Weather of this nature rarely occurs in the desert areas in Niger -- usually decades apart -- but has a devastating effect when it does happen.

TG World has been advised that despite the difficulties, the drilling rig and all other drilling services and related equipment (shipped from China), have reached the Saha-1 drilling location. Construction of the drilling lease has been completed and the operations bases at Agadez and Saha-1 are fully functional.

CNPCIT has advised TG World that once equipment testing has been completed, rig-up will commence and CNPCIT hopes to spud the Saha-1 well by the end of October, 2006.

"In the grand scheme of things, this represents a marginal delay in a significant long-term project," commented Cliff James, TG World's chief executive officer. "Rain is not something you normally plan for in that part of the world, but in our opinion CNPCIT continues to be working aggressively to drill this exciting prospect," he added.

Definetly the stock that always delivers one more chance to buy.

It should stop falling at least. $1.30 looks like a good buy. 200dma.

So do we get a bounce...

TG WORLD ENERGY PROVIDES CENTRAL NORTH SLOPE ALASKA JOINT VENTURE UPDATE

TG World Energy Corp. has set a budget for a 2006-2007 exploration drilling program on North Slope joint venture lands has been agreed to among joint venture participants. The North Slope joint venture was formed in March, 2006, between TG World and Brooks Range Petroleum Corp., which also acts as project operator. Brooks Range is a wholly owned subsidiary of Alaska Venture Capital Group, LLC. The Brooks Range/TG World joint venture was formed as an exploration partnership covering a large area of mutual interest on the Alaskan North Slope. Membership in the joint venture was expanded in June, 2006, with the addition of Ramshorn Investments, Inc., a wholly owned subsidiary of Nabors Drilling USA, LP, the world's largest oil and gas drilling contractor. For further information on the joint venture and current prospect areas, please refer to TG World's March 20, 2006, and May 18, 2006 news releases in Stockwatch and on the company's website.

2006-2007 joint venture exploration plan

The joint venture participants have approved a budget to finance a 2006-2007 Alaska exploration program, which contemplates the drilling of two exploration wells in the Gwydyr Bay prospect area, located to the north of the Prudhoe Bay unit. The current plan is to drill both wells from the same onshore well surface location to offshore subsurface targets. Both prospects have been identified from mapping of 3-D seismic data and are interpreted to potentially have stacked oil reservoir targets. TG World will finance 50 per cent of the well costs to earn 35 per cent in the Gwydyr Bay prospect area.

The current budget also allows for the drilling of a third well during the 2006-2007 winter drilling season. Management of TG World is confident that technical work currently under way will lead to the identification of a third well location for addition to the 2006-2007 drilling program. If a suitable location is identified, the third well will be drilled under the drilling contract described later in this news release.

In addition, negotiations are continuing for the purchase of several trade 2-D and 3-D seismic data sets covering joint venture prospect areas. A proprietary 3-D seismic program is also planned and budgeted for the 2006-2007 winter season on joint venture lands. That seismic data are expected to be used to generate a prospect inventory for exploration drilling during the 2007-2008 winter season.

The joint venture also plans to participate in the state land lease sale in October, 2006. As well, efforts to acquire additional existing leases on the North Slope are continuing, as the joint venture seeks to consolidate the land position in joint venture prospect areas.

TG World's share of the planned Alaska exploration program described above, which includes all project-related general and administration, is approximately $17-million (U.S.). On Aug. 24, 2006, the company completed the closing of a $22.7-million equity financing, net proceeds of which are to be used to finance continuing exploration and development of oil and gas assets in Alaska, in Niger, and for general corporate purposes.

A map showing the exploration locations referred to in this news release is available on the company's website.

Nabors drilling rig 16E contract signed

Brooks Range, as operator of the joint venture, has signed a contract with Nabors Drilling Alaska for use of Nabors rig 16E for the 2006-2007 winter season. Nabors operates 17 highly specialized arctic rigs in Alaska and has been a leading North Slope contractor since 1963. Rig 16E is a 2,000-horsepower beam leg mast rig with a 24,000-foot-depth rating. The rig is currently in Deadhorse, Alaska, the Nabors service base for the North Slope. Routine maintenance work has commenced to prepare the rig for the upcoming drilling season. Permitting of surface access leases associated with the targeted drilling location is well under way and field operations are expected to commence with the building of an ice road to the drilling sites. Depending upon weather conditions, this could be as early as Dec. 15 or as late as Jan. 7. The North Slope winter drilling season typically lasts until mid-April.

Baker Energy contract signed for provision of exploration and development support services

On Aug. 14, 2006, Brooks Range, as operator of the Alaska joint venture, signed a contract with Baker Energy, a unit of Michael Baker Corp., under which Baker Energy is to provide exploration support services and, if discoveries are made, to assist in the development phase. Under the contract, Baker Energy has agreed to provide a broad range of managed services, including general project management, infrastructure design, data management, capital work program implementation, supply chain management, operations and maintenance, and production reporting.

Brooks Range's Bart Armfield, vice-president of field operations, stated: "For a start-up independent operator like Brooks Range Petroleum, it is cost-effective and it makes technical sense to outsource key operational services to a world-class firm like Baker Energy who has a proven track record in field development and operations in challenging environments such as the Gulf of Mexico offshore and elsewhere. We are also very impressed with Baker Energy's record of accomplishments in safety and environmental protection which are critical success factors for any operator in Alaska."

With respect to 2006-2007 exploration activities, Baker Energy is providing early logistical support in obtaining permits for ice road and drilling sites and is working to complete an HSE plan for the field operations. Baker Energy is also providing logistical and purchasing support for third party services and materials needed in the drilling operations. Baker's Alaska office is located in the same building as Brooks Range. The Baker project manager reports directly to a vice-president at Brooks Range.

Under the terms of the contract, Baker Energy will also provide services in the development of any North Slope oil discoveries. The joint venture participants believe that having Baker Energy committed to provide services during any development phase is crucial, as the joint ventures' goal is to tie in a discovery and commence production in the following winter season, analogous to the Kerr-McGee Ataruq field plan.

Jim Winegarner joins Brooks Range as vice-president of land and external affairs

Brooks Range recently announced that Mr. Winegarner has joined the Brooks Range management team in Anchorage, as vice-president of land and external affairs. Mr. Winegarner was most recently employed at ConocoPhillips Alaska and has extensive experience in Alaska.

Brooks Range has now completed the staffing of its management team in Anchorage. Earlier in 2006, Doug Hastings joined as vice-president of exploration and Larry Smith joined as chief geophysicist. Both Mr. Hastings and Mr. Smith have extensive Alaska experience.

These three individuals join Alaska venture-associated staff Ken Thompson, Bo Darrah (president and chief executive officer of Brooks Range) and Bart Armfield (vice-president, field operations) in Anchorage.

Industry exploration success continues

On July 14, 2006, ConocoPhillips announced that an overlying satellite field (named Qannik) had been added to its Alpine unit. A 19-day test in the CD-404 well, in a 25-foot-thick sandstone at 4,000-foot subsea, is reported to have produced an average of 1,200 barrels of oil per day (bopd) of 30-degree API oil. ConocoPhillips and partner, Anadarko, have also announced that delineation and development drilling for 2006-2007 is scheduled and first production expected in late 2008.

Cliff James, TG World president, commented, "The ConocoPhillips announcement is significant to the joint venture in two aspects:


first, this is the first discovery in a sandstone play fairway that is believed to extend from the coast, south to the joint venture held Titania, Itkillik River and Ocean Point prospect areas. We expect that the joint venture will evaluate the potential of the Qannik sand play in these areas during the coming year; and
second, the ConocoPhillips' plan for first production by 2008 highlights the relatively short discovery-to-production cycle possible on the North Slope."

The ConocoPhillips release is the latest in a series of announcements concerning new discoveries in recent years. In 2005, Kerr McGee announced the Ataruq onshore discovery with initial plans for going on stream in 2006 at 15,000 bopd. In 2004, Kerr McGee made the offshore Nikaitchuq discovery. Appraisal drilling is continuing, but last reports indicated this field has 60,000 bopd potential. In 2003, Pioneer made two discoveries -- Ooguruk and Tuvaaq.

"We believe that these discoveries demonstrate the exploration potential remaining on the North Slope," commented Mr. James. "They are also significant because they were made by new entrants to the North Slope, companies that farmed into lands assembled by an independent during the same time period that Brooks Range assembled its leases."

In its May 18 news release in Stockwatch, TG World noted that ConocoPhillips/Pioneer was drilling the Antigua prospect near the joint venture's Whiskey Gulch prospect area. This exploration well has since been reported as abandoned. The significance of the abandoned well to Whiskey Gulch's prospectivity is uncertain at this time and further analysis is expected following the future release of the well data. The immediate consequence for the joint venture has been postponement of drilling of the Whiskey Gulch Kuparuk sand prospect until the Antigua well results are integrated into the prospect mapping. As a result, the joint venture does not anticipate any drilling at Whiskey Gulch in the upcoming winter season.

Overall industry exploration drilling activity on the North Slope (including national petroleum reserve area NPRA lands) for the upcoming winter season has been estimated between 10 and 19 wells. As a result, the company believes that the joint venture's drilling plans represent a significant portion of overall industry activity for the upcoming season.

© 2006 Canjex Publishing Ltd.

lol

TG World 18.94-million-share private placement

2006-09-05 16:59 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced July 11, 2006.

Number of shares: 18,942,800

Purchase price: $1.20 per share

Warrants: 9,471,400 share purchase warrants to purchase 9,471,400 shares

Warrant exercise price: $1.50 for a one-year period

Number of placees: 244

Pro group participation: Kerk Hilton, 12,500 shares; David Vankka, 65,000 shares; Chris Maurer, 10,000 shares; Rob Colcleugh, 20,000 shares; Dan Distefano, 21,000 shares; Brian Brick, 21,000 shares; Peter Nicol, 17,000 shares; Mark Hodgson, 10,000 shares; Andrew Judson, 60,000 shares; J. David Pescod, 29,000 shares; Sarah Deschenes, 42,000 shares; Bill Ross, 16,500 shares; Michelle Mosby, 15,000 shares; Lane Mosby, 15,000 shares; Peter Dunham, 40,000 shares; Tackler, 10,000 shares

Insider participation: Seajay Management Enterprises Ltd. (Clifford James), two million shares

Agents: Tristone Capital Inc., Canaccord Capital Inc., Jennings Capital Inc.

Commission: 6 per cent of the total gross proceeds from the sale of units

Through $2...