TVI Pacific Inc. Announces Termination of Viking Farm-in Negotiations

Mar 04, 2013, 07:00 ET from TVI Pacific Inc.


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.