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
The Toronto Stock Exchange has neither approved nor disapproved of the
information contained herein.
SOURCE: TVI Pacific Inc.
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