CALGARY, Nov. 13 /CNW/ - Production testing has been completed on a significant new well in west-central Alberta. The well flowed on a 24 hour flow test and produced a total of 6.4 million cubic feet of raw gas. During the flow test, the well flowed at rates between 5.9 and 8.5 million cubic feet per day of raw gas with flowing tubing pressures between 4,208 and 4,487 psi. Hydrogen sulphide content is estimated in the 6.5% range. Tango has a 28% working interest (WI) in this well, subject to a 12.5% non-convertible overriding royalty. It is expected that the well will be placed on production prior to year end. Additionally, production testing has been completed on another new well in the Cecilia area. The well is expected to produce initially between 200 and 300 boepd. Tango has a 50% WI in this well, which is also expected to be placed on production prior to year end. Completion operations are currently underway at Quaich (60% WI), Ricinus (50%WI), and Ferrier (28% WI). Additionally, the Kakwa 13-1 Swan Hills test is scheduled to re-commence drilling during December 2006. The Company will communicate additional information in a timely manner as it becomes available. Tango Energy Inc. is listed on the TSX-Venture Exchange under the Symbol TEI. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release contains forward-looking information. By their nature, forward-looking statements involve assumptions and known and unknown risks and uncertainties that may cause actual future results to differ materially from those contemplated. These risks include such things as volatility of oil and gas prices, commodity supply and demand, fluctuations in currency and interest rates, ultimate recoverability of reserves, timing and costs of drilling activities and pipeline construction, new regulations and legislation and availability of capital. Tango does not undertake to update any such forward-looking statements except as required by law. Please refer to Tango's Annual Report for more detail as to the nature of these risks and uncertainties. Although Tango believes that the expectations represented by these forward looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. %SEDAR: 00017586E