TVI Pacific and TG World Energy are pleased to announce that they have completed the previously announced plan of arrangement pursuant to which TVI Pacific acquired all of the outstanding TG World common shares. The Arrangement was approved by the Court of Queen's Bench of Alberta on March 9, 2011. As noted in news releases previously disseminated [...]
TG World Energy is pleased to announce that, at the special meeting of its securityholders held this morning, the securityholders overwhelmingly approved the Company's proposed arrangement with TVI Pacific under the Business Corporations Act (Alberta). Securityholders voted 99.79% in favour of the arrangement and the arrangement also received the [...]
TG World Energy announces that it has entered into an unsecured loan arrangement with TVI Pacific for US$500,000. The full amount of the Loan will be advanced immediately to TG World and will be used to fund obligations in the Philippines. The Loan carries an interest rate of 15% and matures on March 14, 2011. As previously announced, TG World [...]
TG World Energy is pleased to provide the following update on its activities in Alaska, Niger and the Philippines. Drilling of the North Tarn oil prospect in Alaska to commence in early March 2011. Drilling of the Facai-1 oil prospect in Niger, Africa to commence May 2011. In Alaska, the joint venture partners are progressing towards an early March [...]
TVI Pacific and TG World Energy announced today that they have entered into an amending agreement which provides for certain revisions to the terms of the arrangement agreement entered into between them on December 23, 2010. Among other things, the amending agreement changes the exchange ratio associated with the proposed arrangement. Under the [...]
TVI Pacific and TG World Energy announced today that they have reached an agreement in principle to revise certain terms of the arrangement agreement entered into between them on December 23, 2010. Among other things, TVI Pacific and TG World have negotiated a change to the exchange ratio associated with the proposed arrangement. Under the revised [...]
TG World Energy announces that project partner and operator of Service Contract 54A in the Philippines, Nido Petroleum, has provided the following update. "Since the last operations update on 6 January 2011, the Tindalo well has been plugged and abandoned without significant incident and the Aquamarine Driller has relocated to nearby Ulugan Bay [...]
TG World Energy announces that project partner and operator of Service Contract 54A in the Philippines, Nido Petroleum, has provided the following update on operations at Tindalo. "Since the last operations update on 29 December 2010, Nido, along with its Joint Venture Partners has reached a decision to call off the jack up-rig Aquamarine Driller [...]
TG World Energy announces that it has closed its previously announced private placement of 41,650,000 common shares of the Corporation, at a price of $0.05 per Common Share and the issuance of a $1,317,500 principal amount convertible promissory note for aggregate gross proceeds of $3,400,000. In connection with the Private Placement, TVI acquired [...]
TG World Energy announces that project partner and operator of Service Contract 54A in the Philippines, Nido Petroleum, has provided the following update on the Tindalo-1 sidetrack. "Since the last operations update on 22 December 2010, subsequent water analyses from Zones 1, 2 and 3 indicated that produced water was formation water. In addition [...]
