TVI Pacific Inc.: Service Contract 54 Sub-Phase 6 Extension
(firmenpresse) - CALGARY, ALBERTA -- (Marketwire) -- 06/25/12 -- TVI Pacific Inc. (TSX: TVI) (OTCQX: TVIPF) (TVI or the Company) announces that Nido Petroleum Philippines Pty Ltd, a subsidiary of Nido Petroleum Limited (ASX: NDO, 'Nido'), as Operator of Service Contract 54, on behalf of the SC 54A and SC 54B Joint Venture Partners, advised that the Philippines Department of Energy ('DOE') have agreed to extend Sub-phase 6 for a period of twelve (12) months from August 4, 2012 to August 4, 2013. TVI owns a 12.5% interest in SC 54A through its wholly-owned subsidiary TG World (BVI) Corporation.
The twelve (12) month extension to Sub-Phase 6 will enable Nido, on behalf of the Joint Venture Partners, to complete the ongoing 2D seismic processing projects over the Lawaan-Libas Prospects in SC 54A and the Pawikan Lead in SC 54B, and to fully integrate the results and implications of the new seismic data into the subsurface geological models and prospect maturation.
About TVI Pacific Inc. (TSX: TVI) (OTCQX: TVIPF)
TVI Pacific Inc. is a publicly-traded Canadian company that is focused on the production, development, exploration and acquisition of resource projects in the Philippines. TVI produces copper and zinc concentrates from its Canatuan mine, is pre-developing its Balabag gold and silver project. TVI also has an interest in an offshore Philippine oil property.
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The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.
Contacts:
TVI Pacific Inc.
Raina Vitanov
Vice President, Investor & Corporate Relations
403.265.4356
TVI Pacific Inc.
Laureen Dukart
Investor Relations Coordinator
403.265.4356
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Datum: 25.06.2012 - 12:00 Uhr
Sprache: Deutsch
News-ID 159416
Anzahl Zeichen: 0
contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Mining & Metals
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