TG World Provides Operations Update on Tindalo-1 Sidetrack

TG World Energy Corp. (TSX VENTURE:TGE) ("TG World" or the "Company") announces
that project partner and operator of Service Contract 54A ("SC 54A") in the
Philippines, Nido Petroleum Ltd. ("Nido"), has provided the following update on
the Tindalo-1 sidetrack.


"Since the last update:



--  production continued whilst specialized diagnostic equipment was
    mobilised to the Aquamarine Driller; 

--  a suite of diagnostic testing has been undertaken on the well using a
    coiled tubing deployed production logging tool (CT-MPLT); 

--  the acquired diagnostic data indicates that mechanical failure has
    resulted in early water influx in the sidetrack and is due to the packer
    system failing to provide adequate isolation. The water ingress to the
    sidetrack is likely from the same water source as supplied the original
    vertical wellbore and is being produced via the sidetrack liner annulus
    into the sidetrack itself past the failed packer. Little or no water is
    coming from the open hole section of the sidetrack; 

--  following careful and thorough assessment and review of available
    alternatives, the SC 54A Joint Venture has agreed that the most
    appropriate remediation option is to workover the well and re-run the
    liner and completion to reinstate isolation of the liner annulus; 

--  production from the well will continue whilst all necessary equipment,
    materials and personnel are mobilised to the rig. Current production
    rate is 8,000 bfpd with a watercut of 75%; 

--  workover activities are expected to commence in early November and are
    anticipated to take two weeks to complete. 



Nido will provide a further update on the progress of operations in the coming
weeks."


Corporate Profile

TG World is a Calgary-based, junior international oil and gas company with
exploration, development and production operations in the Philippines, Alaska
and Niger. 


TG World (BVI) Corp. (a wholly-owned subsidiary of TG World) is partnered with
operator Nido Petroleum Ltd., Kairiki Energy Ltd. and Trafigura Ventures III BV
in a joint venture for Service Contract 54A in the North West Palawan Basin of
the Philippines. 


TG World Energy Inc. (a wholly-owned subsidiary of TG World) is partnered with
operator Brooks Range Petroleum Corp., Alaska Venture Capital Group, Brooks
Range Development Corp. and Ramshorn Investments Inc. in a joint venture that is
pursuing oil and gas opportunities on the Central North Slope of Alaska. 


TG World Petroleum Ltd. (a wholly-owned subsidiary of TG World) is partnered
with operator CNPCIT, a unit of the China National Petroleum Company, in the
Tenere Block oil and gas concession in the Republic of Niger, Africa. 


Certain information set out in this News Release constitutes forward-looking
information. Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "plan", "continue", "estimate",
"expect", "may", "will", "intend", "could", "might", "should", "believe" and
similar expressions. Forward-looking statements are based upon the opinions and
expectations of management of the Company as at the effective date of such
statements and, in some cases, information supplied by third parties. Although
the Company believes that the expectations reflected in such forward-looking
statements are based upon reasonable assumptions and that information received
from third parties is reliable, it can give no assurance that those expectations
will prove to have been correct. Forward-looking statements are subject to
certain risks and uncertainties that could cause actual events or outcomes to
differ materially from those anticipated or implied by such forward-looking
statements. These factors include, but are not limited to, such things as
general economic conditions in Canada, the United States, Niger, the Philippines
and elsewhere, the volatility of prices for oil and gas and other commodities,
commodity supply and demand, fluctuations in currency and interest rates,
inherent risks associated with the exploration of oil and gas properties
(including mechanical problems), ultimate recoverability of reserves,
production, timing, results and costs of exploration and development activities,
political or civil unrest, availability of financial resources or third-party
financing, availability of equipment and personnel, and new laws and regulations
(domestic and foreign). Forward-looking statements respecting the timing and
nature of remediation activities at the Tindalo well are based on the
discussions carried out to date with Nido, the results of prior and current
exploration, development and production activities, technical information
provided to TG World by Nido, and the current budget and plan for exploration,
development and production activities (which are all subject to change).
Accordingly, readers should not place undue reliance upon the forward-looking
statements contained in this News Release and such forward-looking statements
should not be interpreted or regarded as guarantees of future outcomes.
Forward-looking statements of TG World contained in this News Release are
expressly qualified, in their entirety, by this cautionary statement. Additional
information relating to various risk factors to which TG World is exposed in the
conduct of its business (and which may affect the expectations or outcomes
reflected in the forward-looking statements contained in this News Release) are
described in publicly available documents filed by TG World with certain
securities regulatory authorities in Canada, which are available through SEDAR
at www.SEDAR.com.