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CNPC Commences Drilling Saha-1 Exploration Well

Source: www.gulfoilandgas.com 10/30/2006, Location: Africa

TG World Energy Corp. announced that the Saha-1 Exploration Well has commenced drilling on its Ténéré Concession, Niger. The Company has been advised by the Ténéré Project Operator, CNPC International Ténéré Limited ("CNPCIT"), a unit of the China National Petroleum Corporation (“CNPC”), that the Saha-1 Well was "spudded" on October 30, 2006.

The Saha-1 Well, which is expected to be drilled to a total depth of approximately 3,600 metres, is the first of three back-to-back exploration wells planned for the Ténéré Concession during the First Exploration Period. Through a wholly-owned subsidiary, TG World holds a 20% carried interest in the well and the Ténéré Concession.

"This is great news," said TG World CEO Clifford James. "The top drive was the last major piece of equipment to be delivered and we are advised that it is now installed and operating. CNPC has expended considerable effort to provide equipment in advance for any eventuality in the drilling program - for all three wells. They are applying the expertise gained from their Sudan and Chad discoveries and we anticipate a highly professional drilling campaign."

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