Recently in May 2012 the majority interest of the Company was
purchased by Riverside Development Management, Inc., which is a private corporation
engaged in oil and gas exploration and drilling. Riverside purchased its majority interest from
the current CEO and Director of the Company. Our company is an oil drilling company that
has been organized to pursue oil-drilling projects throughout the United States
Development Management, Inc.,Through acquisitions and partnerships, the Company will become a full
service oil and gas company specializing in services and innovative technology that will increase
production of its properties and provide licensing revenue for its technology from third parties in the oil
and gas industry.
Read more: http://finance.minyanville.com/minyanville/news/read/22381911/tenguy_world_international#ixzz28lkPR2w8
Currently we are engaged in a project located in Wyoming, which involves us
partnering with a turbine
energy company, a water treatment plant that will deploy their most recent
technology to treat
and purify water on the drill site and the State of Wyoming.
Tenguy World International is an independent oil and gas company engaged in the acquisition, exploration, development, and production of oil & natural gas in the United States. The company is based in Houston, Texas, near some of the largest oil and gas companies in the United States. TGWI`s mission is to build shareholder value by developing, acquiring, and exploring oil and gas projects while simultaneously limiting their overall environmental footprint.
Begin your TGWI research at the company`s website by following this link---
The company`s attorneys are currently preparing an option agreement on the prospect. This is big news for TGWI! As the investment community begins catch wind of the company`s impressive plans, we believe that the stock can make a sizable move up the chart!
We have appended a portion of Friday`s news below.
The prospect is located in Garvin County, Oklahoma in the Pauls Valley Uplift area.
The Pauls Valley Uplift area of Gavin County is well known in the Mid-Continent Region as a very good seismic data quality area. The primary targets of the 3-D shoot, the Oil Creek sand, Bromide sands, Viola lime and Pennsylvanian sands can be interpreted with a great degree of accuracy. The subsurface of the area is one of distinct and radical lithological changes, yielding many very consistent reflectors due to the extreme velocity changes.
These technologies can not only give TGWI a major leg-up on the competition, it can generate a sizable revenue increase as well!
In addition to its investments in properties, the company has been focused on identifying technologies that can enhance recovery in existing fields, help identify new fields, and optimize recovery efforts while reducing the environmental footprint. Management believes that the two key factors for success in the oil and gas industry today are employing the right people and utilizing innovative technologies to develop and manage assets.
To view this news in its entirety, please use this link---> http://finance.yahoo.com/news/tenguy-world-international-inc-deploys-110000837.html
This is a prime opportunity for investors to look towards oil. OPEC recently stated that oil demand should continue to rise through next year, based on the outlook for global economic growth above 3%. Oil is known for being a stable investment which is why we have seen so many winners come from this industry! Smaller companies such as TGWI not only benefit from the price stability inherently present in today`s oil markets, but also the ability to generate substantial profit potential and growth.
TGWI holds fast to the fundamental principles of investing in innovative petroleum, gas exploration, and extraction technology for the continued development of oil & natural gas projects. The company`s primary focus areas include Texas, Pennsylvania, Oklahoma, Louisiana, and Wyoming. These areas are well known for having major deposits of oil and natural gas. TGWI is targeting proven areas which can generate a much quicker return for the company as well as for investors!
The Company will benefit from revenues produced from the sale of oil and gas that are
currently located on the drill site in Wyoming.
In addition, the Company will benefit from
certain tax credits that are typically provided to projects of this nature that involve the
acquisition of land and the deployment of green technologies used to clean the land and water
located on the site.
As of the quarter ended June 30, 2012:
Common Stock Authorized: 2,000,000,000
Common Stock Outstanding: 1,753,050,369
*****Public Float: 151,007,230*****
Tenguy World International, Inc.
2500 City West Blvd.
Houston, TX 77042
Email - firstname.lastname@example.org
News releases from Tenguy World International, Inc.