TG World Provides Tindalo Operations Update

TG World Energy Corp. 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 ("Tindalo-1ST1"). 
"Each of four potentially productive zones are separated by inflatable external casing packers and were tested individually.
Following the testing on the individual zones, the Joint Venture took the decision to close Zone 4 and open Zones 1, 2 and 3 to comingled flow. The completion fluid lost into these zones must be recovered to surface before it can be confirmed whether these zones will contribute water-free production. Fluid sampling indicates that these zones continue to produce both oil and completion fluid and therefore long-term oil production capacity of the zones cannot yet be determined. Fluid sampling and analysis will continue in order to monitor the cleanup of the well.
Production from the combined Zones 1, 2 and 3 will continue and Nido will provide further updates once there is a material finding."
Source: Press release