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."
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