News Column

Tenguy World International, Inc. to Expand Opportunities in Oklahoma and Texas

Nov 8 2012 12:00AM

Marketwire

Tracker

HOUSTON, TX -- (Marketwire) -- 11/08/12 -- Tenguy World International, Inc. (PINKSHEETS: TGWI) reported today that it is in final due diligence for two additional investments in Oklahoma and Texas. The opportunities include producing wells, salt water disposal wells and the ability to drill new wells on over 100+ acres.

Management's objective is to invest in oil and gas opportunities that are currently producing but also have upside potential through new technologies or by drilling new wells. In addition to these investments, the Company is also in discussions with a supply company that is seeking partners to expand its operations.

While there was a slowdown in large oil deals last year, the market saw that mid-size and smaller transactions were on the rise and producing return for their investors. Private equity ('PE') interest in the U.S. oil and gas industry marked at least a 20-year high during the first quarter of 2012.

According to Reportlinker.com, in 2015, the global oil & gas market is forecast to have a value of $3,699.4 billion, an increase of 40% since 2010. In 2015, the global oil & gas market is forecast to have a volume of 91.8 billion BOE, an increase of 24.4% since 2010. Crude oil is the largest segment of the global oil & gas market, accounting for 79.7% of the market's total value. Americas accounts for 34.9% of the global oil & gas market value.

For more information on Tenguy World International, Inc. please visit http://tenguyworldint.com/.

About Tenguy World International, Inc.

The Company was originally incorporated in 1923 in the state of Colorado. Tenguy World International is an independent oil and gas company engaged in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.



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Source: Marketwire


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