TG World Provides Operations Update on Tindalo-1 Well

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


"Nido Petroleum Limited ("Nido"), as Operator of Service Contract 54A ("SC
54A"), is pleased to advise the following update on the Tindalo-1 well
intervention and remediation programme.


Tindalo-1 has been re-entered and the completion removed. The original programme
next called for retrieval of the downhole perforation equipment to allow access
to the wellbore for diagnostic logging which was proving to be a time-consuming
exercise. Since the logging was a non-critical element of the remediation
programme, the potential information gain was closely weighed against the cost
to continue leading to a decision to cancel the logging program and proceed
directly with the sidetracking of the well.


The sidetrack programme has now commenced following the successful cementing of
the existing wellbore and will effectively provide a new well drainage location
in the crestal part of the field. Details of the forward program are summarised
below: 




--  Drilling of Tindalo-1ST1 will commence today; 

--  Tindalo-1ST1 will be drilled at a high angle to vertical and will
    intersect approximately 150m of reservoir section within the top 50m oil
    column; 

--  Once drilled, Tindalo-1ST1 will be completed barefoot with pre-drilled,
    slotted liner; 

--  The sidetrack activities are expected to be completed by the second half
    of September, following which the Extended Well Test will continue; and 

--  The offtake window for the first cargo (oil produced to date from
    Tindalo) has been planned to coincide with well activities and is
    scheduled for 16-18 September, subject to weather." 



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 ("SC 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). 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 respecting the timing and nature
of well intervention and remediation at the Tindalo-1 well are based on the
discussions carried out to date with Nido, the results of prior exploration and
development activities, the results of current exploration and development
activities, technical information provided to TG World by Nido and the current
budget and plan for exploration and development activities (which are all
subject to change). 

Forward-looking statements regarding the timing of the first oil offtake are
based on the discussions carried out to date with Nido and applicable third
parties, the results of current exploration and development activities and the
current budget and plan for exploration and development activities (which are
all subject to change). The timing of the offtake window is also subject to
weather conditions. 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.