TVI Pacific Inc. Announces Termination of Viking Farm-in Negotiations
04 Marzo 2013 - 1:00PM
OTC Markets
TVI Pacific Inc. Announces Termination of Viking Farm-in
Negotiations
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TVI Pacific Inc. Announces Termination of Viking Farm-in
Negotiations
Canada NewsWire
CALGARY, March 4, 2013
TSX: TVI OTCQX: TVIPF
CALGARY, March 4, 2013 /CNW/ - TVI Pacific Inc. (TSX:TVI)
(OTCQX:TVIPF)
(TVI or the Company), advises that its wholly-owned subsidiary TG
World
(BVI) Corporation (TG World), along with Service Contract (SC)
54A
Joint Venture partners Nido Petroleum Philippines Pty Ltd.,
Trafigura
Ventures III B.V. and Yilgarn Petroleum Philippines Pty Ltd.
(the
Participants), has ceased negotiations with Viking Energy
Holdings 2
Limited (Viking) in relation to an earlier announced potential
farm-in
in respect of SC 54A.
TG World and the SC 54A Joint Venture Participants are continuing
to
work with the SC 14A Joint Venture in relation to a possible
development of the Nido 1X1 oil field via the Nido A
platform.
About TVI Pacific Inc. (TSX: TVI) (OTCQX: TVIPF)
TVI Pacific Inc. is a Canadian resource company focused on the
production, development, exploration and acquisition of
resource
projects in the Philippines and
Southeast Asia. The Company
produces
copper and zinc concentrates from its Canatuan mine and is
advancing
its Balabag Gold-Silver project towards production in 2014. TVI is
a
partner/operator in several joint venture projects in the Philippines
and Papua New Guinea and also has
an interest in an offshore Philippine
oil property.
The Toronto Stock Exchange has neither approved nor disapproved
of the
information contained herein.
SOURCE TVI Pacific Inc.
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