Tango Energy Inc. - Quaich Pipeline License

About this update from Tamarack Valley Energy Ltd.

[{"type":"text","content":"\n\n\n\nCALGARY, Nov. 4 /CNW/ - Tango Energy Inc. ("Tango") (TSXV - TEI) is\npleased to report that on November 3, 2008 the operator of the Quaich area has\nbeen granted a license to construct a pipeline to tie in the Quaich 03-03\ndiscovery well. The operator expects the construction of the pipeline will\ncommence within the next week and should last approximately six weeks. Access\nto portions of the construction area is subject to winter wildlife\nrestrictions, and the operator expects the pipeline to be completed prior to\nthe wildlife restrictions coming into effect.\n\n\nTango will have a 60% interest in the pipeline and has a 60% interest in\nthe Quaich 03-03 well. This well flow tested for five days at approximately 4\nmillion cubic feet per day ("mmcf/d") at 710 psi flowing pressure. Tango and\nthe operator have approximately 6,400 acres of contiguous land in the area in\nwhich Tango holds between a 50% and 60% working interest.\n\n\nTango's website can be found at www.tangoenergy.com. Tango Energy Inc. is\nlisted on the TSX-Venture Exchange under the Symbol TEI.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release. This release\ncontains forward-looking information. By their nature, forward-looking\nstatements involve assumptions and known and unknown risks and uncertainties\nthat may cause actual future results to differ materially from those\ncontemplated. These risks include such things as volatility of oil and gas\nprices, commodity supply and demand, fluctuations in currency and interest\nrates, ultimate recoverability of reserves, timing and costs of drilling\nactivities and pipeline construction, new regulations and legislation and\navailability of capital. Tango does not undertake to update any such\nforward-looking statements except as required by law. Please refer to Tango's\nAnnual Report for more detail as to the nature of these risks and\nuncertainties. Although Tango believes that the expectations represented by\nthese forward looking statements are reasonable, there can be no assurance\nthat such expectations will prove to be correct.\n\n\nNatural gas volumes have been converted to a barrel of oil equivalent\n("boe") using six thousand cubic feet equal to one barrel unless otherwise\nstated. A boe con...

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