TWOG - Transworld Oil & Gas, Ltd. Message Board

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Gold/Mining/Energy : TWOG - Transworld Oil & Gas, Ltd.

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From: jmhollen	1/23/2006 3:30:33 AM
	of 83

cf.us.biz.yahoo.com Press Release Source: Alaskan Oil and Gas Ltd. Alaskan Oil and Gas signs LOI for 49% Percent of Producing Oil Company - Tuesday April 12, 7:30 am ET HOUSTON, April 12, 2005 (PRIMEZONE) -- Alaskan Oil and Gas (Other OTC:AKOL.PK - News) has signed an LOI to acquire 49% ownership of a producing oil company located in Russia. The final purchase price will consist of a combination of cash to be utilized as working capital and convertible preferred shares to complete the purchase. The operating management of the company currently has 10 years of operational experience and are involved in various aspects of oil production. Current areas of operations include production of crude oil and gas condensate, transportation of hydrocarbon raw material to the consumer, registration of necessary customs procedures, reprocessing of sour and highly paraffinic oil within its own plants and the receipt of high-gravity sorts of oil. Alaskan Oil and Gas believes that it can help the company to increase its production to 10,000 metric tons of oil per month over the next five years. In addition, the company has exploration potential that could add significantly to reserves and production. About Alaskan Oil and Gas - Alaskan Oil and Gas (Other OTC:AKOL.PK - News) is a development stage energy company and intends to become a worldwide company specializing in the extraction and production of oil and gas. Mancini and Needham can be reached here. Contact: Alaskan Oil and Gas. Investor Relations Phone: (281) 854-2374 E-mail: alaskaoil@mail.com www.alaskanoilngas.com 11757 Katy Freeway Suite 1300 Houston, Texas 77079 Phone: (281) 854 – 2374 Fax: (360) 937 – 5727 E-mail: alaskaoil@mail.com www.alaskanoilngas.com .

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