TNOG News Research TITAN OIL AND GAS, Stock Trading Message Board
Titan Oil and Gas, Inc.-Gas Pipeline Completion Imminent
Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to announce that the four-mile natural gas pipeline being constructed by Midway Pipeline, Inc., is nearing completion.
Midway Pipeline President Ray Reus reports: "The final load of pipe is arriving this week and we will finish laying it. Upon completion of testing, the pipeline will be put into service."
Titan CEO Kent Jacobson comments: "We are very pleased that the completion of the gas pipeline is imminent. This coincides with our expanded drilling program on the Kosciusko #1 Well to deepen it appx. 300 feet to our target zone. With the price of natural gas now well over $8.00, this is an exciting development for our Company."
Jacobson adds: "The Company's news release web page is now featuring a video interview with Ray Reus of Midway Pipeline. Please visit www.titanoilandgas.com/news_release.htm to see the interview."
Titan Oil and Gas, Inc.: Titan Announces New Drilling Operations-Central Texas Project
Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to announce its new Central Texas Project, with a substantial land block now having been leased in Bastrop County in preparation for drilling.
Titan's initial drilling target is a re-completion of a well with initial production tests of between 123 and 170 barrels of oil per day, and between 84 and 178 mcf of gas per day, without stimulation. This initial target well is within a core lease block of 146 acres which has now been signed with Titan, along with a further 80 acres having been committed. The Company expects that it will soon have between 400-500 acres under lease, at which time it will immediately commence drilling operations on its target well.
Titan CEO Kent Jacobson comments: "We believe this well has very strong potential. If the results prove to be as strong as the data suggests, there are additional target wells within the lease block that will be good candidates for re-completion, as well as opportunities to drill new wells from the surface."
Jacobson further comments: "We are also pleased to note the recent passage of the long-awaited energy bill through the Senate, as it contains a $14 Billion package of tax breaks and subsidies for the energy industry. On initial review, we expect this will be extremely helpful as we engage in this, and further exploration and development of oil and gas projects. We have also qualified for 10-year Texas State severance tax exemptions on our present wells."
Titan Oil and Gas, Inc.-Titan Announces Expanded Drilling Program
Titan Oil and Gas, Inc. (TNOG:OTC) announces an expansion of its drilling program on the Kosciusko # 1 Well.
The Company has determined that high fluid levels on the Kosciusko # 1 Well can continue to be successfully produced; however, this same data has convinced management that bigger production can be expected at approximately 300 ft deeper in the formation. Thus, the Company has decided to make immediate plans to deepen the well to the original target zone, both for maximum production in the near term, and to be in position for a further horizontal completion.
For the moderate increase in cost and work involved, management has decided that the current success is convincing evidence to support this move, and it expects good results.
Titan CEO Kent Jacobson comments: "We are working for the best long term success of this well. After considering the data, as well as long lead times in acquiring rigs later in the year, we feel it is necessary to push forward with these plans now."
Titan Oil and Gas, Inc.: Stanley # 1B Back in Production + Kosciusko # 1 Oil to Market
Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to announce recent progress on its Stanley # 1B and Kosciusko # 1 Wells.
Titan CEO Kent Jacobson reports: "We are happy to report that the Stanley # 1B Well is back in production. We replaced the entire section of tubing that was affected, and the well is now pumping fine."
Jacobson further reports: "A truckload of oil was taken to market from the Kosciusko # 1 Well and an additional load is 'settling out' as it awaits shipment to market."
"We are pleased to provide this report to our shareholders, and we look forward to reporting further progress in the near future."
Titan Oil and Gas, Inc.-Kosciusko #1 Well Initial Production Report
Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to report on initial oil production from its Kosciusko #1 Well.
The well is averaging approx. 50 barrels of oil per day, and a truck is expected to arrive within the next two days to take our first load of oil to market.
Titan CEO Kent Jacobson reports: "We are very pleased with this initial production, as we had originally intended to drill approx. 300 feet in additional depth to our target zone, but decided to complete at this level due to extremely high pressures that were encountered. We will continue to monitor production from this zone, as we still intend to drill further to our original target zone once the oil at this level has been depleted."
Jacobson further comments: "Management made a recent trip to the Kosciusko and Stanley properties in Wilson County, and brought a professional crew to the sites in order to shoot several hours of video. This is now in the final stage of editing, and will be released in the near future for the benefit of our shareholders. Additionally, management undertook discussions regarding several joint venture opportunities, and we hope to be able to report these to our shareholders in the near future."
About Titan Oil and Gas, Inc. - Titan is an energy company engaged in oil and gas development, drilling and production. Titan follows a conservative business model, redeveloping oil and gas fields with a history of production, while expanding into exploration and development of new properties.
Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Titan Oil and Gas, Inc.) contains statements that are forward looking, such as statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.
Titan Oil and Gas, Inc. (PINK SHEETS:TNOG)
Titan Oil and Gas, Inc.
Investor Hotline
(503) 618-0370 or Toll Free: 1-888-601-9983
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