TG World Provides Update on Preliminary Results From Tindalo Sidetrack Well in the Philippines

TG World Energy Corp. (TSX VENTURE:TGE) ("TG World" or the "Company") has been
advised by the project Operator of Service Contract 54A, Nido Petroleum Limited,
that the Tindalo-1 well sidetrack program has been completed and is online and
producing oil. 


The Tindalo-1 sidetrack was drilled and completed to a total depth of 1,820
metres south-southwest of the original Tindalo-1 well location. The sidetrack
has intersected approximately 180 metres of reservoir within the top 50 metres
of the oil column giving approximately 120 metres of near horizontal producing
section. The well has been acidized using a coil tubing unit that allows for
precise placement of the acid within the well for maximizing effectiveness. The
well has been acidized twice over the past three days which has enhanced the
well productivity to the current production under natural flow of approximately
5,000 bopd at less than 1% watercut. Additional acidization and well stimulation
(including the use of an ESP) may be undertaken in the coming days to increase
well productivity further. Oil production is being stored aboard the Tove
Knutsen floating storage vessel. 


Commenting on the Tindalo 1 sidetrack, TG World President Cliff James states,
"TG is pleased that we are producing oil again at Tindalo with a negligible
watercut. The project Operator is implementing a conservative and 'go slow'
acidization program that we all feel will ramp up production to economically
attractive production rates while minimizing water breakthrough which was
encountered in the previous wellbore". 


Further update on the progress of the Tindalo sidetrack well will be provided
following the completion of further acidization and detailed analysis of the
initial flow testing. 


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-1 well are based on the discussions carried out to
date with Nido, the results of prior exploration, development and production
activities, the results of 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.