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TGWI Tenguy World International


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TGWI Tenguy World International

tgwi

Symbol:                                TGWI

Website:                            www.tenguyworldint.com

 

Outstanding Shares:                1.75B 

Float:                                                   151M 

 

Tenguy World International Inc. (TGWI) is a Houston, Texas based oil and gas company who engages in the acquisition, exploration, development, and production of natural gas, other natural gas liquids and oil across the United States, primarily in the states of Louisiana, Oklahoma, Pennsylvania, Texas and Wyoming.

 

TGWI’s current Pauls Valley Uplift area of Garvin County, Oklahoma operations include 8 producing wells of which one was recently added while another serves as a salt water disposal.  TGWI’s most recent well addition was originally scheduled to commence drilling within this December however; TGWI was able to commence drilling earlier than expected. TGWI’s primary focus is to analyze a well-known lucrative area located south of TGWI’s proposed drilling area. TGWI’s testing area, known as Oil Creek, is already associated as accumulating over 600,000 barrels of oil along with associated gas. Additionally, two other wells in this area have produced additional barrels of oil exceeding 250,000 barrels and over 193,000 barrels of gas.

 

For this upcoming New Year, TGWI growth strategy is already implemented into expanding their operations with a forthcoming focus on opportunities in Texas. Additionally, TGWI is exploring other opportunities in Oklahoma and Texas that will include additional producing wells. Within Texas, TGWI is currently in negotiations to acquire over 100 oil wells across 100,000 acres in East Texas, the largest producing field in the U.S, where the area is already known to produce over 6 billion barrels of oil and an additional billion barrels is estimated to be present in recoverable oil reserves.

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