TG World Energy Corp. (fka TGE.v)

[kraftdinner]

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.

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