03:38 PM EST - TVI Pacific Inc. : announced that Nido Petroleum Philippines Pty Ltd, a subsidiary of Nido Petroleum Limited 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 have agreed to extend Sub-phase 6 for a period of 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. TVI Pacific Inc.
shares T.TVI are trading unchanged at $0.02.
