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TG World Energy Corp. (TSX-V:TGE) (“TG World” or “the Company”) is a Calgary based, junior international oil and gas exploration company with interests on the Alaska North Slope and in Niger, Africa. TG World entered Alaska in 2006 through a wholly owned subsidiary and currently holds working interests of 25-35% in 335,498 acres of state lands. The acreage is located in the oil play fairway adjacent to production infrastructure. Brooks Range Petroleum Corporation (“BRPC”), a privately held junior company, is the operator of the acreage.
Through a wholly-owned subsidiary, TG World holds a 20% carried interest in the Ténéré Block, an oil and gas concession in the Republic of Niger, Africa, measuring 71,155 km2 (17.3 million acres). The Ténéré Block contains the northern half of the Termit - Ténéré Rift. The southern half of this rift lies in the adjacent Agadem Block, where six oil discoveries and one gas discovery have been announced to date. CNPC International Ténéré (“CNPCIT”), a unit of the China National Petroleum Corp. (“CNPC”), holds the other 80% of the Ténéré concession and acts as operator of the project.
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