I provide VERIFIABLE links, just ask if I forget to add in post!!
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Look up the definition of personal, and then make your non bias judgment!
Can you?
I have not violated any IHUB rules by duplicate posting. You need to get with Matt about the definition of that so you will know what that means.Also, stuckholders is not in reference to a single individual so that is also not in violation of the IHUB rules in reference to a personal attack.So again get with Matt for a definition so you will be able to moderate a board without Bias.
Why did Kent Jacobson leave? Why has Clayton washed his hands of Titan?
Remember K1?
Remember Midway pipeline?
Why is Wilson County not producing mega barrels of oil?
Why is Bastrop County not producing mega oil or gas?
Remember Maupins report of Wilson & Bastrop County?
Why no update on Caldwell county?
Why no update on Klotzman deal (60 day quiet period?)
Why take it out on the messenger?
What are the odds of any more drilling with the price of Oil & Gas dropping?
Do you need the ones who question Titans past to just shut up and leave so the pumpers can lure in newbies so the stuckhoders can pass the bag?
I have not violated any IHUB rules by duplicate posting. You need to get with Matt about the definition of that so you will know what that means.
Also, stuckholders is not in reference to a single individual so that is also not in violation of the IHUB rules in reference to a personal attack.
So again get with Matt for a definition so you will be able to moderate a board without Bias.
Doc will you please add a link to previous Titan's Pr's to the header above so this will help with someone new to Titan to get previous Pr's in one link?
here is the info and to help I will have ready the link that you can use in my next post,
Thanks
You need a pro to tout this stock so it will rise. Clayton & Novak Capital did there job. And they will not be able to get a rise out this one until they produce more than 11 barrels of oil and get the pipeline connected so Tejones can sell the 30MCF of gas the test showed so Titan can get the 16.9% of royalties so they can at least get enough money to pay the light bill!
Thanks for the update Doc,
What does this mean? and how can this happen?
""They are considering a means to collect gas and sell to market prior to fracture process and pipeline construction.""
you cannot get gas to market without a pipeline.
Unless they are going to fill balloons and take them to a line that is connected to a gathering line. (LOL)
Can you clarify what he said in more detail?
The topic of the board should be about Titan Oil & Gas not about the posters who question Titian Oil & Gas!
Let me clear up why I'm here!
I live here in South Texas and I worked in the Oil Field as a Derrick hand on a workover rig in the early 70s.
I know a lot about the oil patch. I have a Brother in law that is a Petroleum Engineer with Marathon Oil in Houston also.
I even get royalties off of a gas well from some property that I'm pooled into!
I know people that have leased out their land for oil & gas rights. The Oil Company will come in and seismograph the land and then determine where to drill a well, if the chart looks good.
They spend big bucks to wildcat a spot with drilling a well, some come in some don't.. they are then labeled as a DRY HOLE if they do not produce enough for production. The well is then plugged and abandoned.
Then anyone can come along after the original lease expires and offer you a new lease for this abandoned well and get it, some Canadians have done this...LOL (Maupin laughed to the bank)
Heck most around here remember when I went to Kosciusko and visited with a lease owner of the K1 well and took pictures and posted them. I reported what he said and everyone called me a liar.. I then went back and and meet with a stockholder named NORM, he worked in the oil patch too and he was fron North Texas! I took him to visit the well and the lease-owner and guess what? Norm hit the road quick after talking to the lease owner about the K1 well.
I'm here not to save anyone just to provide verifiable
DD, you have to be accountable for your own decisions.
I'm accountable for my post around here and will continue to voice my opinion! and most long timers know that I have been right all along!
I tell no one to buy or sell.
Sorry to pop your bubble but the spot price for natural gas is not $5.77 it is at this moment $4.401. So 30 X 4.401 is 132.03 per day,
The steel gas pipe alone cost $3 per (1 3/8 oilfield tubing)foot and that does not include labor to dig the trench and assemble the pipe. The labor for the trenching may be 15-25 per foot.
Lets also not forget that the easements have to be paid for too!
A permit from the Texas Railroad Commission.
Titan only gets 16.9% of any gas royalties if sold!
http://www.nymex.com/index.aspx
If the Bastrop well line is connected to sell the 30 MCF of gas that it is said to produce per day that means that they may generate a revenue of $135 per day (30MCF X 4.30)
Is laying a mile long pipeline feasible?
DOC, None of my post have violated I hubs guidelines, so re post my previous post that you have deleted or Matt will be notified.
Doc why did you delete my previous post?
Clayton?
Are you selling today?
Ask him if the printing press is running again. We will not know if he gags the TA
Doc, how many of the previous TITAN announcements have come true and are producing what they speculated?
Titan Oil & Gas PRs 3/08/04 thru 03/06/06
http://www.primezone.com/newsroom/news.html?d=53796
Titan Consolidated Inc. to Purchase Video On Demand Company LodgeView Entertainment
VANCOUVER, British Columbia, Canada, March 8, 2004 (PRIMEZONE) -- Titan Consolidated Inc. (Pink Sheets:TTCS) announced today that it has agreed to purchase LodgeView Entertainment Inc., a Canadian based provider of Video on Demand services to the Hospitality Industry. The purchase will allow Titan Consolidated to enter into the VOD market and to roll out a comprehensive communications bundle to include VoIP technology and other services. LodgeView generates its current revenues from installations in 14 hotels in Canada and is looking to expand its client base across North America and parts of Asia. The company is also negotiating with several other potential hotel clients.
For Titan Consolidated, it means that the company will now have access to an integrated and expanding VPN (Virtual Private Network), which in turn will provide a virtually cost free backbone in which the company can deploy its planned VoIP services. This can be accomplished due to the modular construction of the technology and the already revenue generating Video On Demand (VOD) services. Further, Titan also plans to roll out an integrated Value Added Services package to hotels, including foreign exchange and money transfers, customer loyalty programs. LodgeView technology also includes Internet Broadband services and is based on new proprietary technology designed exclusively by LodgeView technicians and designers.
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 Consolidated Inc.) contains statements that are forward looking, such as statements relating to the future anticipated direction of the Software Industry, VoIP and Video On Demand, 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.
http://www.primezone.com/newsroom/news.html?d=56327
Titan Consolidated Inc. to Develop Oil and Gas Project in the Austin Chalk Trend Area of Texas
SAN ANTONIO, April 22, 2004 (PRIMEZONE) -- Titan Consolidated Inc. (Pink Sheets:TTCS) announced today that it will develop an oil and gas area in Wilson County, Texas. This reservoir area has a long history of oil exploration and production. Although it is difficult to determine exact reserves in the Wilson County Field, an estimate can be based on its size - approximately three miles long by 3/4 miles wide - as well as historical data, engineering reports and seismic information. On this basis, a minimum of 2,000,000 barrels of recoverable oil can be assumed. At today's prices this could represent as much as $60,000,000 of gross oil revenue. A Term Sheet has been signed and Titan has also negotiated Prospect and Operating Agreements, reflecting 100% ownership in the project after initial payouts.
Income will be realized from natural gas production in the initial stages of drilling. The Wilson County Field is expected to produce a significant amount of natural gas. Based on historical and seismic information collected by Petroleum Engineer Peter Maupin, gas sales are estimated to be a minimum of $12,000,000.
Existing infrastructure and development will allow for significant cost reductions. The property has an existing gas line to the field, which will save time and expense in bringing our gas to market. Further cost savings will be realized as the 20 existing abandoned vertical well bores will be used to launch horizontal laterals. This will further drop costs from an estimated $600,000 to $150,000 per well. Therefore, once the field is fully developed, a substantial gross return can be expected, assuming the world's strong demand for energy keeps prices at a consistently high level.
Initially, Titan will raise $370,000 by way of a private placement. Use of proceeds will include drilling costs, conversion of an existing well into a water injection well, a water disposal system, gas gathering, etc. A suitable operator will work the completed wells and any costs over-runs for such operations will be the responsibility of the operator, specific to the Prospect and Operating Agreements.
Both Titan Consolidated and Engineer Peter Maupin look forward to the development of future Oil and Gas projects in the same area of Texas and will endeavor to locate additional properties with similar attributes and available historical data.
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 Consolidated 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.
http://www.primezone.com/newsroom/news.html?d=56536
Titan Consolidated, Inc. Moving Corporate Offices to San Antonio, Texas
SAN ANTONIO, April 27, 2004 (PRIMEZONE) -- Titan Consolidated Inc. (Pink Sheets:TTCS) announced today that it has moved its corporate offices to San Antonio, Texas, in order to facilitate its work efforts in the San Antonio Chalk Trend area. The new offices will house Petroleum Engineer Peter Maupin and other engineers related to the Austin Chalk project in Wilson County and will serve as a base for other projects in the State of Texas.
The company's corporate offices are now located at:
Titan Consolidated Inc. The Petroleum Center Suite E-104 900 NE Loop 41 San Antonio TX 78209
The Company has launched a new corporate website, http://www.titanoilandgas.com Please consult the "Wilson Project" page at the website for a detailed description of the Austin Chalk project in Wilson County. The web site will be updated periodically over the next 7 days as new information is added. You may also contact Investor Relations at its new e-mail address: info@titanoilandgas.com
Titan Works Toward Completing Filings with the Exchange
Titan is also working to complete its filings with the exchange in order to resume its quotation on the OTC:BB. The company will need to complete all accounting processes and is now preparing for its required audit. Although little activity has taken place over the last 2 years, all financial documents and related materials are being compiled and the company will forward the necessary materials to an auditor as soon as practically possible. The company will keep shareholders informed regarding its progress.
http://www.bizjournals.com/sanantonio/stories/2004/05/10/weekinbiz1.html
Titan Consolidated
San Antonio has become the new home for a publicly traded oil and gas company.
New York-based Titan Consolidated Inc. (Pink Sheets: TTCS) has relocated corporate headquarters to San Antonio in order to invest in oil and gas projects in South Texas.
Titan, a small, five-person exploration and production company, will locate its headquarters in the Petroleum Center in Northeast San Antonio. The company is currently focused on projects in the Austin Chalk geological formation.
The company announced last week that it has signed agreements for leases in Wilson County that could generate an estimated $60 million in oil sales and $12 million in natural gas sales once the fields are fully developed.
The company hired long-time petroleum engineer Peter Maupin to head up well development efforts. Since 1971, Maupin has developed more than 100 wells in the Austin Chalk formation for various small, independent oil and gas firms.
Initially, the company will develop three horizontal wells in Wilson County that will come online by the middle of summer, Maupin says. Titan will develop additional wells in the field as capital permits. He anticipates the three-well project will cost $370,000 to develop.
http://www.bizjournals.com/sanantonio/stories/2004/09/13/daily25.html
Titan signs gas production contract with Midway Pipeline
Titan Consolidated Inc. (OTC:TTCS) has signed a gas production contract with San Antonio-based Midway Pipeline Inc.
Titan signed the contract in order to facilitate the sale of anticipated gas production in the Stanley Unit, Wilson County, Texas. The field is located in the Austin Chalk formation.
"We are pleased to have contracted Midway as our gas distribution company, and we look forward to a successful relationship," says Kent Jacobson, president of Titan. "The company's operations are well under way on the Wilson County property, leading us to take steps to ensure that we have the capacity to handle anticipated gas production."
http://www.primezone.com/newsroom/news.html?d=64167
Titan announces gas separator installation on Stanley Unit (Austin Chalk) Wilson County, TX.
SAN ANTONIO, Texas, Sept. 21, 2004 (PRIMEZONE) -- Titan Consolidated, Inc. (Pink Sheets:TTCS) President Kent Jacobson announced today that the Company has installed a gas separator unit on its project in the Stanley Unit (Austin Chalk) Wilson County, Texas.
Additional gas treating equipment, including an H2S Sample Monitor, has been provided by Midway Pipeline, Inc., of San Antonio, Texas. Titan has advanced the installation costs, which will be returned by means of an additional 5% payment to Titan each month above the current gas sales price, per terms of Titan's contract with Midway.
The gas separator and ancillary equipment will allow natural gas to be treated on-site, allowing Titan to get the best attainable market price on anticipated production.
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 Consolidated, 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.
http://www.bizjournals.com/sanantonio/stories/2004/09/27/weekinbiz1.html?page=2
Titan Consolidated
Titan Consolidated Inc. (OTC:TTCS) has signed a gas production contract with San Antonio-based Midway Pipeline Inc.
Titan signed the contract in order to facilitate the sale of anticipated gas production in the Stanley Unit, Wilson County, Texas. The field is located in the Austin Chalk formation.
"We are pleased to have contracted Midway as our gas distribution company, and we look forward to a successful relationship," says Kent Jacobson, president of Titan. "The company's operations are well under way on the Wilson County property, leading us to take steps to ensure that we have the capacity to handle anticipated gas production." .
http://www.primezone.com/newsroom/news.html?d=65176
Titan Anticipates Sales of Natural Gas by End of Week; Natural Gas Imminent on Stanley Unit (Austin Chalk) Wilson County, TX
SAN ANTONIO, Texas, Oct. 7, 2004 (PRIMEZONE) -- Titan Consolidated, Inc. (Pink Sheets:TTCS) reports that it has completed installation of gas pipe to the wellheads of its 2 major wells, and final electrical wiring is being done on the H2S Sample Monitor for gas processing. With the purchase agreement by Midway Pipeline already in place the Company anticipates sales of natural gas from the Stanley Unit (Austin Chalk) Wilson County, TX. to begin by the end of this week.
It is very difficult to determine exact reserves in the Austin Chalk because of the nature of the reservoir, as it is made up of fractures and fissures. From the extent of the field -- approx. 3 miles long and approx. 3/4 mile wide -- we can assume a minimum of two million barrels of recoverable oil are still in place. This would mean over $84,000,000.00 of gross oil revenue at today's prices.
We can also assume a recovery of approx. two mcf of gas/bbl of oil recovered which would give additional gas reserves of approx. four million mcf. This would mean over $20,000,000.00 of gross gas revenue at today's prices.
Titan CEO Kent Jacobson comments: "We are pleased to reach this important milestone as a Company, as we begin the production phase of our operations."
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 Consolidated, 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.
http://www.bizjournals.com/sanantonio/stories/2004/10/25/daily26.html
Titan brings first oil to market
Titan Consolidated Inc. (Pink Sheets: TTCS) is bringing its first oil to market since relocating in San Antonio and signing leases for three wells in the Austin Chalk geological formation in Wilson County.
Titan, formerly based in New York, is a small, five-person exploration and production company. The company announced Wednesday, Oct. 28, that its No. 1 well had produced 225 barrels of oil.
"This is a great day for Titan as we bring our first oil to market," says Titan CEO Kent Jacobson. "Our petroleum engineer, Peter Maupin, called Tuesday for an oil hauler to pick up our first load of oil. At that point we had produced 225 barrels and we will keep producing until the truck arrives."
http://www.bizjournals.com/sanantonio/stories/2004/11/08/daily26.html
November 10, 2004
Titan Consolidated's well continues to produce oil
Titan Consolidated Inc. on Wednesday said that its No. 1 well produced another 115 barrels oil under its own pressure. This follows Titan's last month production of 195 barrels.
Titan (OTCBB: TTCS) had produced enough oil to fill two truck loads.
"We are quite pleased that the well is continuing to produce oil under its own pressure and anticipate this to continue for a few more weeks before putting the well on pump," says Titan CEO Kent Jacobson.
San Antonio-based Titan is engaged in oil and gas exploration and production. Its drilling and well development activities are currently centered in the Austin Chalk formation in Wilson County.
http://www.bizjournals.com/sanantonio/stories/2005/01/24/daily22.html
January 26, 2005
Drilling on Titan's Kosciusko #1 well is underway
Titan Consolidated Inc. on Wednesday said that drilling is underway on its Kosciusko No. 1 well in Wilson County.
Titan's (Pink Sheets: TTCS) well is a vertical re-completion of an existing horizontal well with a history of solid production, says Titan CEO Kent Jacobson.
The San Antonio-based company is in the process of drilling vertically 550 feet from the bottom of an existing hole to a total depth of 7,200 feet. Titan is awaiting an order of steel tubing from Cressman Tubular in Addisson, Texas.
"Everything has progressed as expected thus far," says Titan's Petroleum Engineer Pete Maupin. "We have ordered a large workover rig, capable of deep drilling to reach our target depth, from Capital Well Services of Charlotte, Texas. We look forward to the completion of this well."
Titan is engaged in oil and gas development. Its business model is to redevelop oil and gas fields with a history of production, while looking for opportunities to expand into new properties.
Titan Consolidated Announces Company Name and Symbol Change
Business Wire, Feb 25, 2005
SAN ANTONIO -- Titan Consolidated, Inc. (TTCS:OTC) reports that the Company name has been changed, effective immediately, to Titan Oil and Gas, Inc.
Titan CEO Kent Jacobson reports: "As of the market open on Friday, February 25, 2005, Titan Oil and Gas, Inc., will be trading under a new symbol, TNOG:OTC."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Feb_25/ai_n10302193
Titan Oil and Gas, Inc. - Update on Stanley Unit Operations
Business Wire, March 1, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to provide an update on its operations in the Patton Field (Stanley Unit) Wilson County, Texas.
Stanley # 1 well: Initially slated for water disposal, this well showed good potential for production, and was put into service. After flowing with good pressure for a time, it appeared ready to go on pump. At the time this was to be done, a significant increase in pressure was observed. The well flowed through the month of January, producing 1,002.79 barrels to market. Pressure has finally subsided, and the well is slated to be put on pump as soon as the ground dries sufficiently from recent rainfall and a workover rig can be brought on site.
Stanley # 1B well: When the workover rig arrives to put # 1 well on pump, we intend to put this additional well into service. It is appx. 1,300 feet in distance from Stanley #1, and is piped into the main tank battery. A pumpjack and tubing are on site, ready to be installed. In anticipation of this, the capacity of the tank battery on the Stanley Unit has been doubled to handle up to 600 barrels of oil, and water storage capacity has also been increased.
Titan CEO Kent Jacobson comments: "We are happy to report the activity on the Stanley Unit and now look forward to bringing a second well, the # 1B, on-line. We await the deep workover rig to conclude operations on our third well, the Kosciusko # 1, and a progress report will follow shortly."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_March_1/ai_n11835259
Titan Oil and Gas, Inc.-Work on Stanley # 1 Well Completed
Business Wire, March 10, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to report that work on its Stanley # 1 well in Wilson County, Texas, has been completed.
Titan CEO Kent Jacobson reports: "A workover rig arrived on site, removed and replaced old tubing with new, and the pump has been installed, tested, and is working fine. It was decided not to put it onto continuous pump at the close of operations yesterday, as the well has a history of building up pressure quickly and must be monitored, which we will do commencing this morning.
"We plan to move the rig over to the Stanley # 1B and commence operations today, barring any unforeseen complications, and we look forward to having an update shortly."
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.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_March_10/ai_n12416596
Titan Oil and Gas, Inc.-Phase 2 of Drilling on Kosciusko #1 Well Underway
Business Wire, April 6, 2005
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SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to report that the second, final phase of drilling on its Kosciusko #1 well is underway.
Titan CEO Kent Jacobson reports: "The deep workover rig from Capital Well Services, of Charlotte, TX, arrived on site yesterday and was set up along with the water tank, pipe racks and drill string. Drilling will begin this morning.
"As earlier reported, Kosciusko #1 is a re-completion of an existing horizontal well with a history of production. Phase 1 of drilling operations, conducted in January, 2005, involved drilling out 4 concrete plugs from the existing well casing to a total depth of 3,589 feet.
"Phase 2, now underway, involves a heavier rig capable of deeper drilling. We are drilling vertically through the remaining concrete plug at the bottom of the existing well casing, appx. 550 feet to a total depth of appx. 7,285 feet within the target formation.
"With high oil and gas prices, rigs capable of deep drilling are heavily booked. Periods of heavy rainfall result in a backlog as operations are postponed until the ground is dry enough to support heavy equipment. So, we are pleased to now have the rig on site to initiate Phase 2 of our drilling operations on Kosciusko #1. In upcoming days, we will post new pictures from the field on the company's website at: http://www.titanoilandgas.com."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_April_6/ai_n13559350
Titan Oil and Gas, Inc.-Titan Strikes Oil on Kosciusko #1 Well
Business Wire, April 14, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) has struck oil, completing Phase 2 of its drilling operations on the Kosciusko #1 Well.
Titan CEO Kent Jacobson reports: "We encountered high pressures 300 feet above our original target zone and decided to complete the well at this depth. The rig concluded its work, and an x-mas tree was installed on the wellhead. A tank battery will be constructed shortly, and the well will be tested for continuous production.
"We are pleased to complete drilling operations on this well, and look forward to concluding surface installations in order to bring this well into production."
Pictures of Phase 2 operations are now available on the Company's website at www.titanoilandgas.com and additional pictures will be posted shortly.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_April_14/ai_n13609285
Titan Oil and Gas, Inc.-Titan Attains Licensed, Bonded Operator Status
Business Wire, April 27, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is now recognized as a licensed and bonded oil and gas operator in the State of Texas.
Titan CEO Kent Jacobson reports: "The Texas Railroad Commission has approved our application to become a fully licensed and bonded oil and gas operator.The Railroad Commission is the governing authority for all oil and gas operations in the State, and we are pleased to have attained this status as we move forward with future drilling operations."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_April_27/ai_n13656043
Titan Signs Oil and Gas Operating Agreement
Business Wire, May 3, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) has entered into an oil and gas operating agreement with Aquatic Cellulose International Corp. (Valor Energy Corp., pending approval of name change).
Titan CEO Kent Jacobson comments: "We recently announced that we had obtained approval in the State of Texas as a licensed and bonded oil and gas operator. We are happy to have so rapidly concluded this new operating agreement. We will actively seek new opportunities as an oil and gas operator to enhance the revenues of our company as we move forward."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_May_3/ai_n13667373
Titan Oil and Gas, Inc.-Video of Kosciusko Drilling Operations Posted on Website
Business Wire, May 10, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to announce that video of our Kosciusko #1 Well Phase 2 drilling operations has been posted to the Company's website at the following location: www.titanoilandgas.com/news_release.htm
Titan CEO Kent Jacobson comments: "We are pleased to be able to provide video of our recent drilling operations on the Kosciusko #1 Well so that our shareholders may see first-hand the work we are doing in the field."
Jacobson further reports: "We are expecting delivery of the surface tanks shortly so that we may begin flowing the well."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_May_10/ai_n13680487
Titan Oil and Gas, Inc.-Kosciusko #1 Tank Battery Installation Underway
Business Wire, May 19, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) announces that surface work has been completed in order to begin flowing the Kosciusko #1 Well.
Titan CEO Kent Jacobson reports: "Surface tanks have now been delivered and installed, and heavy equipment is on-site constructing a firewall for the tank battery. We have scheduled a workover rig to commence flowing the well."
Jacobson further reports: "Work on the Stanley #1B Well has been completed. All pump components, electrical control panel and pump motor have been tested and are working fine. We have scheduled a workover rig to bring this well into production.
"We are pleased to reach these significant milestones in the development of our Kosciusko and Stanley properties, and look forward to bringing these wells on-line."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_May_19/ai_n13729942
Titan Oil and Gas, Inc.-Four-Mile Gas Pipeline Under Construction
Business Wire, May 24, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) announces that Midway Pipeline, Inc. is constructing a four-mile gas pipeline in order to meet the demands of anticipated gas production from Titan's properties in Wilson County, Texas.
Midway President Ray Reus comments: "Construction of a four-mile pipeline is a considerable commitment by our company. We feel it is a sound investment in view of anticipated gas production from Titan's Kosciusko and Stanley properties."
Titan CEO Kent Jacobson remarks: "We are pleased to see Midway's commitment to handle our anticipated gas production in the most efficient manner possible. We look forward to a lengthy and profitable relationship with Midway for the mutual benefit of our respective companies."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_May_24/ai_n13776645
Titan Oil and Gas, Inc.-Good Initial Flow Results on Kosciusko # 1 Well
Business Wire, June 9, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) reports good initial results on commencement of flowing the Kosciusko # 1 Well.
Titan CEO Kent Jacobson reports: "A rig arrived on site and we began flowing the well. We experienced both good flow and escalating pressure. Based on these results, we are ordering larger capacity oil tanks to handle the expected volume of production, and expect these to arrive on site shortly."
Jacobson further comments: "We are extremely pleased with the initial flow results on Kosciusko # 1. We will have the larger tanks in place as soon as possible to begin full production on this well."
Update on Stanley # 1B Well: When the rig was on-site hooking up the pump, our tests indicated a possible bad tubing joint. We have called in a larger rig to pull out the tubing so we may inspect and replace any affected area. We anticipate this to be a simple one-day repair, at which time we can begin production.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_June_9/ai_n13805266
Titan Oil and Gas, Inc.-Major Debt Settled in Full
Business Wire, June 21, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to report that the majority of its debt has now been settled in full. This debt was in the form of outstanding judgments against the Company in the State of California, which arose from past operations before the present management of the Company was in place.
The Company entered into a contract with a Manitoba-based company and with the judgment creditors, in which the Manitoba-based company was to settle the outstanding judgments. The Manitoba-based company defaulted in its obligations to the judgment creditors as per the terms of the contract. Upon receiving notification from the creditors of the default, Titan was required to negotiate an alternate arrangement, under which the judgment creditors have acknowledged receiving payment in full.
As a result of the default of the Manitoba-based company, Titan has initiated legal action in the State of California, and a counter-claim has been filed. While the Company acknowledges that it is disputing the previous contract with the Manitoba-based company, it is pleased to announce that the alternate arrangement to settle these judgments in full has successfully eliminated the majority of Titan's debt.
Titan CEO Kent Jacobson comments: "Our success in eliminating the majority of the Company's debt will only serve to strengthen its position as we move forward with further developments and acquisitions. This is an extremely positive development for the Company."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_June_21/ai_n13824286
Titan Oil and Gas, Inc.-Stanley # 1B Well in Production; Kosciusko Update
Business Wire, June 24, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) reports that work on its Stanley # 1B well has been successfully completed and the well is now in production.
Titan CEO Kent Jacobson comments: "As earlier reported, a rig was called to the site to remove the tubing and locate a suspected leak. This was successfully located at appx. 2,000 feet, and the affected tubing was replaced and re-installed. This well is now in production and is being pumped around the clock, with pressure steadily increasing. We anticipate issuing an initial production report shortly."
Kosciusko #1 Well Update:
Jacobson further reports: "The first of our two 300-barrel oil tanks has been delivered to the site and an anti-corrosion coating has been applied. This tank is scheduled to be hooked up to the well on Monday morning, and we anticipate that the well will be in production by Monday afternoon. The second 300-barrel tank is expected shortly, to increase our oil storage capacity to 600 barrels at this site. Once production is underway, we will issue an initial production report as soon as possible."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_June_24/ai_n14694892
Titan Oil and Gas, Inc.-Kosciusko #1 Well in Production
Business Wire, July 1, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) reports that work on its Kosciusko #1 Well was completed yesterday and it is producing oil.
Titan CEO Kent Jacobson reports: "Initial flow results are very strong. There has been extreme heat and humidity at the property, with one worker needing medical attention for heat stroke on Monday. Though shorthanded, the crew completed work to bring the well into production yesterday. The well flowed for several hours and was shut in overnight as a precaution. It is again flowing strongly today and we hope to have it flowing continuously from this point forward."
Jacobson further comments: "We are extremely pleased with the initial results from this well. An initial production report will be issued after the weekend."
Stanley #1B Well Update:
After the tubing repair, for the first four days the Stanley #1B well unloaded salt water which had been used previously to control very high pressures and prevent a blowout. On the last day, appx. 25 barrels of oil were produced before the pump stopped flowing due to what is suspected to be another leak in the tubing. A rig has been ordered, and the entire string of production tubing will be replaced, which we hope will eliminate this problem.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_July_1/ai_n14709776
Titan Oil and Gas, Inc.: Stanley # 1B Back in Production + Kosciusko # 1 Oil to Market
Business Wire, July 22, 2005
SAN ANTONIO -- 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."
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.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_July_22/ai_n14813653
Titan Oil and Gas, Inc.-Titan Announces Expanded Drilling Program
Business Wire, July 27, 2005
SAN ANTONIO -- 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."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_July_27/ai_n14821791
Titan Oil and Gas, Inc.: Titan Announces New Drilling Operations-Central Texas Project
Business Wire, August 1, 2005
SAN ANTONIO -- 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."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_August_1/ai_n14839358
Titan Oil and Gas, Inc.-Gas Pipeline Completion Imminent
Business Wire, August 3, 2005
SAN ANTONIO -- 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."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_August_3/ai_n14844060
Titan Oil and Gas, Inc.-Titan Constructing New Gas Pipeline
Business Wire, August 15, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is constructing a gas pipeline at its Kosciusko # 1 Well. The new gas pipeline will be appx. 3,200 feet long, allowing the Company to connect to the new four-mile gas pipeline from Midway Pipeline, Inc., which was undertaken to accommodate anticipated gas production from our operations on the Wilson County properties.
Titan CEO Kent Jacobson reports: "Construction will begin immediately. We want to have the new gas line completed for the expected imminent arrival of the drilling rig at the Kosciusko # 1 Well. We wish to ensure that the new pipeline is in place to handle anticipated gas production from this well as we drill to our target depth, in order to allow us to deliver it through the Midway Pipeline system."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_August_15/ai_n14893524
Titan Oil and Gas, Inc.-Midway Gas Pipeline Completed + Rig Arrival
Business Wire, August 24, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to report that the previously-announced gas pipeline being built by Midway Pipeline, Inc. to purchase expected gas production from its Wilson County properties has been completed.
Midway President Ray Reus reports: "The full pipeline has now been laid. The sales meter is being connected and a final test is being performed, then the gas pipeline will be ready to go into service. The pipeline is 3 inches in diameter and over four and a half miles in length, representing an investment of appx. $75,000 by Midway in anticipation of purchasing gas from Titan's operations in Wilson County."
Titan CEO Kent Jacobson reports: "The drilling rig is expected to be at our Kosciusko # 1 Well on Friday to drill appx. 300 additional feet to our target depth, which we had been prevented from reaching previously due to unexpectedly high pressures. We are very happy that Midway's pipeline has now been completed so that the Company may benefit from sales of gas expected as a result of the Kosciusko drilling."
Jacobson adds: "Titan's new pipeline to link the Kosciusko # 1 Well to the Midway line is well underway. It is being built for a cost of appx. $11,000, is 2 inches in diameter and appx. 3,200 feet in length. With the very high pressures at which gas is encountered in this area, substantial volumes can be transmitted by a pipe of this size. We expect this pipeline will be finished on or before the conclusion of drilling operations."
Titan Oil and Gas, Inc.-Midway Gas Pipeline Completed + Rig Arrival
http://findarticles.com/p/articles/mi_m0EIN/is_2005_August_24/ai_n14929890
Titan Oil and Gas, Inc.-Drilling Rig Commences Work at Kosciusko
Business Wire, Sept 7, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) reports that the drilling rig is now on-site at the Kosciusko #1 Well and operations are underway.
Titan CEO Kent Jacobson reports: "The rig arrived on the site yesterday after a brief delay on its previous assignment. Recent adverse weather conditions have played havoc with rig schedules in the southern U.S. The rig has now been set up, and will set a cement plug today in preparation for the commencement of drilling operations. We will also have a work crew finishing work on our new gas pipeline from the Kosciusko #1 Well to connect through to the Midway grid. We expect to have the gas pipeline finished before the conclusion of drilling operations to take advantage of expected natural gas production. We look forward to this, given the extremely high prices for both oil and gas in current markets. While it is shocking to fill up your car at the gas pump at these prices, as an oil and gas company, we look forward to the benefits of generating higher-than-expected profits in a relatively short period of time."
Jacobson adds: "We are pleased to report that our properties did not suffer any damage as a result of Hurricane Katrina, though we had heavier-than-normal rainfall at the site. We wish to extend our condolences to the victims of the hurricane, and also to all of the oil and gas industry workers in the region who have been affected as operations were shut down in the Gulf and surrounding areas. The damage to significant portions of the oil and gas industry places a heavier responsibility on companies like Titan to help America meet its energy needs."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Sept_7/ai_n15346779
Titan Oil and Gas, Inc.-Update on Kosciusko Drilling Operations
Business Wire, Sept 21, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to provide the following update on its Kosciusko # 1 Well drilling operations.
Titan CEO Kent Jacobson reports: "A cement plug was set in preparation for drilling to our target zone. The drilling rig was appx. 100 feet beneath the bottom of the casing, and was dressing the cement plug in preparation for directional drilling. A sudden loss of mud circulation, perhaps due to a fissure, caused a buildup of cuttings that led to the drill bit being stuck.
"Acid was pumped down the 7" casing to dissolve the concrete around the drill bit. Also, acid was pumped through the 2 7/8" tubing. Afterward, a wire line crew fired a string shot to back off one joint above the drill collars, and the remaining drill string was freed.
"Upon further investigation, it seemed that the stuck bit was due to shale heaving into the hole, therefore, for the past few days we have switched to a mud system and have been thoroughly cleansing all cuttings and debris before proceeding further. As of the close of operations on Monday, the mud was clear of cuttings and debris.
"Yesterday, we successfully fished out the remaining portion of drill string. Cement is being poured today, and the directional drill crew is slated to commence work tomorrow, for an anticipated 3 days."
Titan Operations Manager Pete Maupin reports from the site: "The hole has cleaned up very well since we switched to a mud system. We had some delays as, with the high price of oil, mud and water trucks are in very short supply and operations take longer than in times past. We look forward to the arrival of the directional drilling crew to get us down to the target area, where we expect to find significant oil and gas deposits.
"Also, the 7" diameter casing in this well is very valuable, as most wells in the area are only 4 1/2" diameter. Beyond the significant oil and gas deposits we expect to find as we conclude this phase of drilling, there is a further horizontal drilling target for this well that is available to us in the future. The large, 7" diameter casing allows for horizontal drilling operations which would be very difficult in a smaller-diameter casing. The Stanley # 1B Well also has a large, 5 1/2" diameter casing which will more easily facilitate horizontal drilling."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Sept_21/ai_n15402371
Titan Oil and Gas, Inc.-Titan Hits High Pressure Zone in Kosciusko Drilling
Business Wire, Oct 3, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to provide an update on its Kosciusko # 1 Well drilling operations.
Titan Operations Manager Pete Maupin reports from the site: "Work continues on the well. We are experiencing high pressure flow right now which we will attempt to control with 2 loads of heavy brine being trucked in from Alice, Texas."
Maupin further comments: "High pressure is generally a good sign in a formation as it can signify high potential production rates."
Titan CEO Kent Jacobson remarks: "We are happy to encounter high pressures as drilling operations continue. Mr. Maupin's observation on the significance of this will be of interest to our shareholders. We will continue to issue updates as operations progress toward conclusion."
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.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Oct_3/ai_n15657922
Titan Oil and Gas, Inc.-Drilling Pace Increases, Closing in on Formation
Business Wire, Oct 19, 2005
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SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to provide an update on its Kosciusko # 1 Well drilling operations. The pace of drilling is quickening, and the drill is closing in on the target formation.
Titan CEO Kent Jacobson comments: "We think it is appropriate to first include some history on this well for the benefit of new shareholders, and then to provide an update on the latest developments as we are now closing in on the target formation. Extra, 'behind the scenes' detail on drilling operations will be available by subscribing to our newsletter, which may be done at the Company's website, www.titanoilandgas.com. See the box at the top of the home page in order to subscribe.
"Shareholders may recall that this well is a re-completion of an existing well bore with a history of oil and gas production. Re-completion of existing well bores using new technology is much less costly than drilling new wells from the surface. The original well was drilled horizontally from the bottom of the well casing, deeper than a mile underground. Horizontal drilling is a technique used extensively in the Austin Chalk formation to more efficiently encounter fractured rock areas (which tend to be vertical in nature), many of which have proven to contain oil and gas under high pressure. Horizontal drilling is used with the objective of intersecting several of these fractured areas at once. We will utilize this technique with our additional target wells in this field, though we are doing the opposite in this particular case, by drilling vertically to a highly fractured area. Eventually, when the vertical well has been fully produced with the passage of time, we will have an additional horizontal target available to us from this well bore."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Oct_19/ai_n15699357
Titan Oil and Gas, Inc. - Target Formation Reached
Business Wire, Nov 1, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to announce that Koskiusko # 1 Well drilling has now entered the top part of the Austin Chalk formation.
Titan CEO Kent Jacobson reports: "We expect to encounter our main target zone in the next few days. We may, however, encounter oil-and-gas-bearing fractures at any time prior to reaching the predetermined target zone. We will update shareholders on developments as they occur."
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.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_1/ai_n15768142
Titan Oil and Gas, Inc.-Titan Completes Drilling on Kosciusko # 1 Well
Business Wire, Nov 10, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) has received a report from the manager of our drilling operations at the Kosciusko # 1 Well.
Titan Petroleum Engineer and Operations Manager Pete Maupin reports, "We have achieved our target depth, and we are now completing the well."
Titan CEO Kent Jacobson comments, "In all areas of the Austin Chalk formation, the most important consideration is finding a highly fractured area.
"There are 3 main indicators that this objective has been achieved. Firstly, the drilling rate has sharply increased for the last 35 feet, indicating that drilling has entered the fractured area. Secondly, there has been a rapid drop in volume in the drilling mud, also indicating that we are in the fractured area. Thirdly, though the drilling mud has been of a sufficient weight to prevent a blowout, the returns of the drilling mud are studied carefully. There has been evidence of oil and gas 'shows' in the mud returns. All of these factors, taken together, have led us to complete the well at a depth of 7,325 feet."
Maupin adds, "We are scheduled to test the well tomorrow afternoon, in order to bring it into production as soon as possible."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_10/ai_n15788828
Titan Oil and Gas, Inc.-Titan Initiates New High-Volume Pumping Program on Stanley # 1 Well
Business Wire, Nov 17, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) announces that it is discussing the implementation of a high-volume pumping system to reactivate and exploit oil production from its Stanley # 1 Well.
One thing making this possible sooner than expected has been a disappointing result in the drilling of the Kosciusko # 1 Well. All indications of having reached a highly fractured zone were present, as earlier announced, and the well was completed at a depth of 7,325 feet. Generally, a highly fractured zone in the Austin Chalk indicates a good likelihood of oil and gas. Tests have finally been completed, after some delays surrounding maintenance of the rig, final hookups, and also a packer that had become unseated and that needed to be reinstalled prior to swabbing. Though small returns of gas were observed when swabbing the well, they are not strong enough to be economically viable, as it seems the fractured area has collected water. Though this is disappointing news after our efforts on this well, it does give us another opportunity in that it may be used for the disposal of water in reactivating our Stanley # 1 Well. The rig performed a water injection test on the well before leaving the site at the end of the day yesterday.
As part of our redevelopment plans, we are finalizing arrangements for a high-volume pumping system on the Stanley # 1 Well. The Stanley # 1 Well had produced just in excess of 1,000 barrels of oil in January of this year, but was starting to produce a higher percentage of water, so we had "shut it in" in anticipation of developing the well in a more economically-sensible manner. Test results have shown continuous production of oil from this well. If an inexpensive method were to exist in order to dispose of accompanying water, the well can be pumped at a very high volume. We had been seeking a water injection well, but expected that there would be a long permitting process to get underway. As we have most of the infrastructure, piping, tubing, etc., in place at this time, we would like to get this underway quickly using the Kosciusko # 1 Well.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_17/ai_n15857405
Titan Oil and Gas, Inc.-Shareholder Update on Oil and Gas Operations
Business Wire, Nov 30, 2005
SAN ANTONIO -- The Management of Titan Oil and Gas, Inc. (TNOG:OTC) would like to take this opportunity to update our shareholders on current developments and prospects for our oil and gas operations.
We remain committed to building value for our shareholders who have loyally supported us. We estimate that we now have in excess of 8,000 shareholders. A recent NOBO List (Non-Objecting Beneficial Owners) showed more than 7,400 shareholders, and, undoubtedly, there are many more who will not appear on this list.
As previously announced, work is underway to commence high-volume pumping on the Stanley # 1 Well in Wilson County, in conjunction with a water disposal system to allow the well to be produced at a high volume. The Stanley # 1 Well produced in excess of 1,000 barrels of oil in one month earlier this year, and has a past production history of appx. 28,000 barrels of oil, along with substantial amounts of gas.
A high-volume turbine submersible pump has been ordered, and the permit process is underway to commence work on the target water injection well. We hope to have all of the work concluded and have this well in production within the coming month.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_30/ai_n15884023
Titan Oil and Gas, Inc.-New Management Team Appointed
Business Wire, March 6, 2006
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:PK) announces that a new management team has been appointed to assist the company in implementing and evaluating joint ventures and new projects. The team will emphasize new business development and will seek to add additional new talent to the Board. These new Board appointments will be filled by individuals with significant oil and gas expertise.
We have had many discussions with an established, successful, and well-managed oil well service provider in the South Texas area. Many of these discussions have centered on ways in which a cooperative relationship could utilize the strengths of the well service provider in helping Titan to develop its projects on a joint venture basis.
Current Secretary Warren Wayne and President & CEO Kent Jacobson have accepted positions with the well service company that will aid in the facilitation of this arrangement. We see special potential in utilizing well stimulation techniques in the development of targets in the Bastrop County Project as well as additional targets of interest in the Titan portfolio. Furthermore, Titan will be examining potential lease opportunities with this new relationship in mind.
http://findarticles.com/p/articles/mi_m0EIN/is_2006_March_6/ai_n16090851 ita
OT The luv bugs have not been a problem her in South Texas yet this year.
When they do come out I use Pam cooking spray to coat the chrome bumper and the ranch hand grill on my truck.
All you have to do is wash off each day with a water hose and then re coat with Pam.
With out Pam you will need to scrub them off the dried stuck bugs daily, and if you do not the paint will be damaged.
last year we had to cycles of the bugs, this year none so far.
PS cant use Pam on the windshield......lol
Doc, you know that Titan no longer has the Stanley Well in Kosciusko per your post in reply to me coping your post from another board that you post on.
My question is how do you feel about TNOG no longer owning 100% of the only producing well they have had in this past year? re; the Stanley well in Kosciusko that now that it is verifiable of that Tejones is now the operator of that well?
Is TNOG or Tejones running the pipeline from the well 1 mile North to connect the Bastrop 30 MCF gas to the gathering line in order to sell the gas they mentioned in the last PR?
And then if whoever is, are they doing it now or not?
Oil Prices Plunge Below $60 a Barrel
http://biz.yahoo.com/ap/060925/oil_prices.html?.v=18
http://www.nymex.com/index.aspx
Doc, would you agree that this board's info needs to be revised?
Moderator: dr_silkworth2002
Assistants: None
Created: 3/8/2005 2:44:11 PM
TNOG is another O&G play that looks great. Check the chart and you will see an uptremd. A lot of buzz is being generated on TNOG!
Current share structure info per IR: last checked 03/28/2005
750 million authorized
672,408,515 million O/S
330 million held by insiders
Roughly 340 million float
New website: www.titanoilandgas.com
Website has pics of current drilling site.
Titan Oil and Gas currently has plans for 20+ wells to be pumping oil. They currently have well "Stanley #1" already showing great signs of pressure and having produced around 1000 barrels of oil during January 2005. Updates are expected on wells Stanley #1B as well as another soon.
In the Wilson County Project there are 20 existing abandoned vertical well bores that can be used to launch new horizontal laterals. Although it is difficult to determine exact reserves in the Wilson County field as a whole, an estimate can be made based on its size – approximately three miles long and ¾ miles wide. As such, a minimum of two million barrels of recoverable oil can be assumed, as well as appx. four million mcf (thousand cubic feet) of natural gas.
Latest Update:
They are going to allow the transfer agent to give out current share structure info as a way of building trust with investors. This was investors can verify themself that the company is not diluting, nor up to any funny business.
Expecting production numbers soon, and they intend to drill more holes on different locations. Look for updates soon.
Doc,
I know that you will be a non bias moderator for this board.
If you need an assistant I will be glad to help.
Unknown if Titan gets and royalties of any oil sold from the Stanley Well now that Tejones is the operator.
With the Bastrop well it is known per filings with the Bastrop
county Clerk that Titan gets 16.9% of any royalties paid.
Someone would have to contact the Wilson County Clerk to see what the transaction from Titan to Tejones consist of, and see the details.
Whoever in interested to find out the details of the lease agreement between Titan and Tejones you can contact the Wilson County Clerk here;
http://www.co.wilson.tx.us/ips/cms/countyoffices/countyClerk.html
Unlike the Bastrop County clerk which is online to search records Wilson County requires you to call;
http://www.co.bastrop.tx.us/ips/cms/countyoffices/countyClerk.html
Titan Oil & Gas (TNOG) no longer operator of the Stanley well in Kosciusko, Texas
It now belongs to Tejones per the TRRC.
Could this be why the insiders have been dumping the past few months?
Current Operator: TEJONES OPERATING CORPORATION (841338) District: 02
Field: PATTON (AUSTIN CHALK) RRC Identifier: 07485
Lease: STANLEY UNIT
http://www.rrc.state.tx.us/
the printing press was in the shop for maintenance
keep em strait Chadman. Everyone needs to be accountable for what they do and say!
Right Clayton?
If anyone has a question about work-over rigs let me know. I use to work in the oilfield in the early 70s, that is how I know so much about the oil field here in South Texas.
I just ran into an old friend today that works for a Oilfield service company as a driller. He is set up on a well site in Refugio County here in South Texas to rework the well. The Well was perforated at 1200 ft as a gas well and it petered out. They Set up today and killed the well with brine and then pulled the tubing and packer. The cementing company came in this afternoon and plugged the previous producing perforations.
The cement will set and then they will drill down Thur the existing casing to around 4800 ft to the next zone.
I will take pictures up close of the rig and other equipment.mud pump-mud tanks-doghouse-pipe racks- BBQ pit, etc...
Post your questions and I will ask the driller. and then post a reply
kro
It is very sad that most so called (stuckholding bagholders) in TNOG are from the North.
The Company is run by Canadians, first Ken Jacobson and now after he learned whats up, he left and passed it onto another Canadian!
Pete Maupin has laughed his way to the bank!
Texans know about the Oil & Gas here in Texas and that is why they know to invest in real Oil & gas producers.
You Longs take a survey and see where the board members are from....You have the IP addresses of each member, so you already know the answer. Have Kid compile the info and post it!
Like I said most all are snowbirds from the North. They are the most vulnerable and want to get rich quick with TEXAS OIL.
Ask Clayton why he sold TNOG. Ask Kent why he left TNOG and is selling shares.
Texas has lots of oil and gas. BUT, the good oil & gas leases are taken.
If you have a pink sheet shell all you have to do is hire a petroleum engineer and locate a cheap oil lease and then hire Novak-Clayton to promote it and you then release PRs and you can make muncho money selling shares!
Why give a chitt about finding oil, just sell the shares and make money!
That my friend is what Stinky Pinkies are for, live and learn.
QCjags find a shell, I have lots of land I can lease here in south Texas and we can make lots of money too!
What or who made you buy TNOG?
Pete Maupin sold his Wilson County wells to Kent Jacobson last year for $28,000. I posted a copy of that document last year!
Did Kent sell the wells to the current management of TNOG?
I have not contacted the Wilson County clerk for the info!
No need wasting money doing so, NO OIL or GAS.............
BTW, why did Kent the Canadian leave Titan and pass to another Canadian??
Yes, redcloud an existing gas gathering line runs east to west approx a mile to the north of the Bastrop well per the TRRC maps. This is the line they have to tap into to sell gas.
Question is, are they laying a pipeline from the well to the gathering line in order to sell gas??
Long story short
11 barrels of oil and 30mcf of gas for over a year now is not good enought.
What does that tell ya about "One of the best geologist in the business"?
BTW only getting 16.9% of the Bastrop well is not good enough either!
Nuff said
Anyone ask, Clayton, Brandon or Tejones if they are running a pipeline from the Bastrop well that they say has tested to produce 30MCF of gas to the gas gathering line where they say is a mile up the road?
Are they doing this now or NOT? (answering the phone too!)
You people need to get off the pot and ask these questions and demand an answer!
As you know the SP has been going down since they announced the re-re-re drilling of the well in Bastrop.
The SP has gone down after they announced that the well tested 30MCF.
Is the pipeline being laid right now or not??
Gitter done, NOW.
What are the odds of the Bastrop pipeline getting connected after you read Titans past history of what they said they were going to do in the past??
Titan Oil & Gas PRs 3/08/04 thru 03/06/06
http://www.primezone.com/newsroom/news.html?d=53796
Titan Consolidated Inc. to Purchase Video On Demand Company LodgeView Entertainment
VANCOUVER, British Columbia, Canada, March 8, 2004 (PRIMEZONE) -- Titan Consolidated Inc. (Pink Sheets:TTCS) announced today that it has agreed to purchase LodgeView Entertainment Inc., a Canadian based provider of Video on Demand services to the Hospitality Industry. The purchase will allow Titan Consolidated to enter into the VOD market and to roll out a comprehensive communications bundle to include VoIP technology and other services. LodgeView generates its current revenues from installations in 14 hotels in Canada and is looking to expand its client base across North America and parts of Asia. The company is also negotiating with several other potential hotel clients.
For Titan Consolidated, it means that the company will now have access to an integrated and expanding VPN (Virtual Private Network), which in turn will provide a virtually cost free backbone in which the company can deploy its planned VoIP services. This can be accomplished due to the modular construction of the technology and the already revenue generating Video On Demand (VOD) services. Further, Titan also plans to roll out an integrated Value Added Services package to hotels, including foreign exchange and money transfers, customer loyalty programs. LodgeView technology also includes Internet Broadband services and is based on new proprietary technology designed exclusively by LodgeView technicians and designers.
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 Consolidated Inc.) contains statements that are forward looking, such as statements relating to the future anticipated direction of the Software Industry, VoIP and Video On Demand, 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.
http://www.primezone.com/newsroom/news.html?d=56327
Titan Consolidated Inc. to Develop Oil and Gas Project in the Austin Chalk Trend Area of Texas
SAN ANTONIO, April 22, 2004 (PRIMEZONE) -- Titan Consolidated Inc. (Pink Sheets:TTCS) announced today that it will develop an oil and gas area in Wilson County, Texas. This reservoir area has a long history of oil exploration and production. Although it is difficult to determine exact reserves in the Wilson County Field, an estimate can be based on its size - approximately three miles long by 3/4 miles wide - as well as historical data, engineering reports and seismic information. On this basis, a minimum of 2,000,000 barrels of recoverable oil can be assumed. At today's prices this could represent as much as $60,000,000 of gross oil revenue. A Term Sheet has been signed and Titan has also negotiated Prospect and Operating Agreements, reflecting 100% ownership in the project after initial payouts.
Income will be realized from natural gas production in the initial stages of drilling. The Wilson County Field is expected to produce a significant amount of natural gas. Based on historical and seismic information collected by Petroleum Engineer Peter Maupin, gas sales are estimated to be a minimum of $12,000,000.
Existing infrastructure and development will allow for significant cost reductions. The property has an existing gas line to the field, which will save time and expense in bringing our gas to market. Further cost savings will be realized as the 20 existing abandoned vertical well bores will be used to launch horizontal laterals. This will further drop costs from an estimated $600,000 to $150,000 per well. Therefore, once the field is fully developed, a substantial gross return can be expected, assuming the world's strong demand for energy keeps prices at a consistently high level.
Initially, Titan will raise $370,000 by way of a private placement. Use of proceeds will include drilling costs, conversion of an existing well into a water injection well, a water disposal system, gas gathering, etc. A suitable operator will work the completed wells and any costs over-runs for such operations will be the responsibility of the operator, specific to the Prospect and Operating Agreements.
Both Titan Consolidated and Engineer Peter Maupin look forward to the development of future Oil and Gas projects in the same area of Texas and will endeavor to locate additional properties with similar attributes and available historical data.
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 Consolidated 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.
http://www.primezone.com/newsroom/news.html?d=56536
Titan Consolidated, Inc. Moving Corporate Offices to San Antonio, Texas
SAN ANTONIO, April 27, 2004 (PRIMEZONE) -- Titan Consolidated Inc. (Pink Sheets:TTCS) announced today that it has moved its corporate offices to San Antonio, Texas, in order to facilitate its work efforts in the San Antonio Chalk Trend area. The new offices will house Petroleum Engineer Peter Maupin and other engineers related to the Austin Chalk project in Wilson County and will serve as a base for other projects in the State of Texas.
The company's corporate offices are now located at:
Titan Consolidated Inc. The Petroleum Center Suite E-104 900 NE Loop 41 San Antonio TX 78209
The Company has launched a new corporate website, http://www.titanoilandgas.com Please consult the "Wilson Project" page at the website for a detailed description of the Austin Chalk project in Wilson County. The web site will be updated periodically over the next 7 days as new information is added. You may also contact Investor Relations at its new e-mail address: info@titanoilandgas.com
Titan Works Toward Completing Filings with the Exchange
Titan is also working to complete its filings with the exchange in order to resume its quotation on the OTC:BB. The company will need to complete all accounting processes and is now preparing for its required audit. Although little activity has taken place over the last 2 years, all financial documents and related materials are being compiled and the company will forward the necessary materials to an auditor as soon as practically possible. The company will keep shareholders informed regarding its progress.
http://www.bizjournals.com/sanantonio/stories/2004/05/10/weekinbiz1.html
Titan Consolidated
San Antonio has become the new home for a publicly traded oil and gas company.
New York-based Titan Consolidated Inc. (Pink Sheets: TTCS) has relocated corporate headquarters to San Antonio in order to invest in oil and gas projects in South Texas.
Titan, a small, five-person exploration and production company, will locate its headquarters in the Petroleum Center in Northeast San Antonio. The company is currently focused on projects in the Austin Chalk geological formation.
The company announced last week that it has signed agreements for leases in Wilson County that could generate an estimated $60 million in oil sales and $12 million in natural gas sales once the fields are fully developed.
The company hired long-time petroleum engineer Peter Maupin to head up well development efforts. Since 1971, Maupin has developed more than 100 wells in the Austin Chalk formation for various small, independent oil and gas firms.
Initially, the company will develop three horizontal wells in Wilson County that will come online by the middle of summer, Maupin says. Titan will develop additional wells in the field as capital permits. He anticipates the three-well project will cost $370,000 to develop.
http://www.bizjournals.com/sanantonio/stories/2004/09/13/daily25.html
Titan signs gas production contract with Midway Pipeline
Titan Consolidated Inc. (OTC:TTCS) has signed a gas production contract with San Antonio-based Midway Pipeline Inc.
Titan signed the contract in order to facilitate the sale of anticipated gas production in the Stanley Unit, Wilson County, Texas. The field is located in the Austin Chalk formation.
"We are pleased to have contracted Midway as our gas distribution company, and we look forward to a successful relationship," says Kent Jacobson, president of Titan. "The company's operations are well under way on the Wilson County property, leading us to take steps to ensure that we have the capacity to handle anticipated gas production."
http://www.primezone.com/newsroom/news.html?d=64167
Titan announces gas separator installation on Stanley Unit (Austin Chalk) Wilson County, TX.
SAN ANTONIO, Texas, Sept. 21, 2004 (PRIMEZONE) -- Titan Consolidated, Inc. (Pink Sheets:TTCS) President Kent Jacobson announced today that the Company has installed a gas separator unit on its project in the Stanley Unit (Austin Chalk) Wilson County, Texas.
Additional gas treating equipment, including an H2S Sample Monitor, has been provided by Midway Pipeline, Inc., of San Antonio, Texas. Titan has advanced the installation costs, which will be returned by means of an additional 5% payment to Titan each month above the current gas sales price, per terms of Titan's contract with Midway.
The gas separator and ancillary equipment will allow natural gas to be treated on-site, allowing Titan to get the best attainable market price on anticipated production.
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 Consolidated, 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.
http://www.bizjournals.com/sanantonio/stories/2004/09/27/weekinbiz1.html?page=2
Titan Consolidated
Titan Consolidated Inc. (OTC:TTCS) has signed a gas production contract with San Antonio-based Midway Pipeline Inc.
Titan signed the contract in order to facilitate the sale of anticipated gas production in the Stanley Unit, Wilson County, Texas. The field is located in the Austin Chalk formation.
"We are pleased to have contracted Midway as our gas distribution company, and we look forward to a successful relationship," says Kent Jacobson, president of Titan. "The company's operations are well under way on the Wilson County property, leading us to take steps to ensure that we have the capacity to handle anticipated gas production." .
http://www.primezone.com/newsroom/news.html?d=65176
Titan Anticipates Sales of Natural Gas by End of Week; Natural Gas Imminent on Stanley Unit (Austin Chalk) Wilson County, TX
SAN ANTONIO, Texas, Oct. 7, 2004 (PRIMEZONE) -- Titan Consolidated, Inc. (Pink Sheets:TTCS) reports that it has completed installation of gas pipe to the wellheads of its 2 major wells, and final electrical wiring is being done on the H2S Sample Monitor for gas processing. With the purchase agreement by Midway Pipeline already in place the Company anticipates sales of natural gas from the Stanley Unit (Austin Chalk) Wilson County, TX. to begin by the end of this week.
It is very difficult to determine exact reserves in the Austin Chalk because of the nature of the reservoir, as it is made up of fractures and fissures. From the extent of the field -- approx. 3 miles long and approx. 3/4 mile wide -- we can assume a minimum of two million barrels of recoverable oil are still in place. This would mean over $84,000,000.00 of gross oil revenue at today's prices.
We can also assume a recovery of approx. two mcf of gas/bbl of oil recovered which would give additional gas reserves of approx. four million mcf. This would mean over $20,000,000.00 of gross gas revenue at today's prices.
Titan CEO Kent Jacobson comments: "We are pleased to reach this important milestone as a Company, as we begin the production phase of our operations."
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 Consolidated, 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.
http://www.bizjournals.com/sanantonio/stories/2004/10/25/daily26.html
Titan brings first oil to market
Titan Consolidated Inc. (Pink Sheets: TTCS) is bringing its first oil to market since relocating in San Antonio and signing leases for three wells in the Austin Chalk geological formation in Wilson County.
Titan, formerly based in New York, is a small, five-person exploration and production company. The company announced Wednesday, Oct. 28, that its No. 1 well had produced 225 barrels of oil.
"This is a great day for Titan as we bring our first oil to market," says Titan CEO Kent Jacobson. "Our petroleum engineer, Peter Maupin, called Tuesday for an oil hauler to pick up our first load of oil. At that point we had produced 225 barrels and we will keep producing until the truck arrives."
http://www.bizjournals.com/sanantonio/stories/2004/11/08/daily26.html
November 10, 2004
Titan Consolidated's well continues to produce oil
Titan Consolidated Inc. on Wednesday said that its No. 1 well produced another 115 barrels oil under its own pressure. This follows Titan's last month production of 195 barrels.
Titan (OTCBB: TTCS) had produced enough oil to fill two truck loads.
"We are quite pleased that the well is continuing to produce oil under its own pressure and anticipate this to continue for a few more weeks before putting the well on pump," says Titan CEO Kent Jacobson.
San Antonio-based Titan is engaged in oil and gas exploration and production. Its drilling and well development activities are currently centered in the Austin Chalk formation in Wilson County.
http://www.bizjournals.com/sanantonio/stories/2005/01/24/daily22.html
January 26, 2005
Drilling on Titan's Kosciusko #1 well is underway
Titan Consolidated Inc. on Wednesday said that drilling is underway on its Kosciusko No. 1 well in Wilson County.
Titan's (Pink Sheets: TTCS) well is a vertical re-completion of an existing horizontal well with a history of solid production, says Titan CEO Kent Jacobson.
The San Antonio-based company is in the process of drilling vertically 550 feet from the bottom of an existing hole to a total depth of 7,200 feet. Titan is awaiting an order of steel tubing from Cressman Tubular in Addisson, Texas.
"Everything has progressed as expected thus far," says Titan's Petroleum Engineer Pete Maupin. "We have ordered a large workover rig, capable of deep drilling to reach our target depth, from Capital Well Services of Charlotte, Texas. We look forward to the completion of this well."
Titan is engaged in oil and gas development. Its business model is to redevelop oil and gas fields with a history of production, while looking for opportunities to expand into new properties.
Titan Consolidated Announces Company Name and Symbol Change
Business Wire, Feb 25, 2005
SAN ANTONIO -- Titan Consolidated, Inc. (TTCS:OTC) reports that the Company name has been changed, effective immediately, to Titan Oil and Gas, Inc.
Titan CEO Kent Jacobson reports: "As of the market open on Friday, February 25, 2005, Titan Oil and Gas, Inc., will be trading under a new symbol, TNOG:OTC."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Feb_25/ai_n10302193
Titan Oil and Gas, Inc. - Update on Stanley Unit Operations
Business Wire, March 1, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to provide an update on its operations in the Patton Field (Stanley Unit) Wilson County, Texas.
Stanley # 1 well: Initially slated for water disposal, this well showed good potential for production, and was put into service. After flowing with good pressure for a time, it appeared ready to go on pump. At the time this was to be done, a significant increase in pressure was observed. The well flowed through the month of January, producing 1,002.79 barrels to market. Pressure has finally subsided, and the well is slated to be put on pump as soon as the ground dries sufficiently from recent rainfall and a workover rig can be brought on site.
Stanley # 1B well: When the workover rig arrives to put # 1 well on pump, we intend to put this additional well into service. It is appx. 1,300 feet in distance from Stanley #1, and is piped into the main tank battery. A pumpjack and tubing are on site, ready to be installed. In anticipation of this, the capacity of the tank battery on the Stanley Unit has been doubled to handle up to 600 barrels of oil, and water storage capacity has also been increased.
Titan CEO Kent Jacobson comments: "We are happy to report the activity on the Stanley Unit and now look forward to bringing a second well, the # 1B, on-line. We await the deep workover rig to conclude operations on our third well, the Kosciusko # 1, and a progress report will follow shortly."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_March_1/ai_n11835259
Titan Oil and Gas, Inc.-Work on Stanley # 1 Well Completed
Business Wire, March 10, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to report that work on its Stanley # 1 well in Wilson County, Texas, has been completed.
Titan CEO Kent Jacobson reports: "A workover rig arrived on site, removed and replaced old tubing with new, and the pump has been installed, tested, and is working fine. It was decided not to put it onto continuous pump at the close of operations yesterday, as the well has a history of building up pressure quickly and must be monitored, which we will do commencing this morning.
"We plan to move the rig over to the Stanley # 1B and commence operations today, barring any unforeseen complications, and we look forward to having an update shortly."
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.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_March_10/ai_n12416596
Titan Oil and Gas, Inc.-Phase 2 of Drilling on Kosciusko #1 Well Underway
Business Wire, April 6, 2005
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SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to report that the second, final phase of drilling on its Kosciusko #1 well is underway.
Titan CEO Kent Jacobson reports: "The deep workover rig from Capital Well Services, of Charlotte, TX, arrived on site yesterday and was set up along with the water tank, pipe racks and drill string. Drilling will begin this morning.
"As earlier reported, Kosciusko #1 is a re-completion of an existing horizontal well with a history of production. Phase 1 of drilling operations, conducted in January, 2005, involved drilling out 4 concrete plugs from the existing well casing to a total depth of 3,589 feet.
"Phase 2, now underway, involves a heavier rig capable of deeper drilling. We are drilling vertically through the remaining concrete plug at the bottom of the existing well casing, appx. 550 feet to a total depth of appx. 7,285 feet within the target formation.
"With high oil and gas prices, rigs capable of deep drilling are heavily booked. Periods of heavy rainfall result in a backlog as operations are postponed until the ground is dry enough to support heavy equipment. So, we are pleased to now have the rig on site to initiate Phase 2 of our drilling operations on Kosciusko #1. In upcoming days, we will post new pictures from the field on the company's website at: http://www.titanoilandgas.com."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_April_6/ai_n13559350
Titan Oil and Gas, Inc.-Titan Strikes Oil on Kosciusko #1 Well
Business Wire, April 14, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) has struck oil, completing Phase 2 of its drilling operations on the Kosciusko #1 Well.
Titan CEO Kent Jacobson reports: "We encountered high pressures 300 feet above our original target zone and decided to complete the well at this depth. The rig concluded its work, and an x-mas tree was installed on the wellhead. A tank battery will be constructed shortly, and the well will be tested for continuous production.
"We are pleased to complete drilling operations on this well, and look forward to concluding surface installations in order to bring this well into production."
Pictures of Phase 2 operations are now available on the Company's website at www.titanoilandgas.com and additional pictures will be posted shortly.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_April_14/ai_n13609285
Titan Oil and Gas, Inc.-Titan Attains Licensed, Bonded Operator Status
Business Wire, April 27, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is now recognized as a licensed and bonded oil and gas operator in the State of Texas.
Titan CEO Kent Jacobson reports: "The Texas Railroad Commission has approved our application to become a fully licensed and bonded oil and gas operator.The Railroad Commission is the governing authority for all oil and gas operations in the State, and we are pleased to have attained this status as we move forward with future drilling operations."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_April_27/ai_n13656043
Titan Signs Oil and Gas Operating Agreement
Business Wire, May 3, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) has entered into an oil and gas operating agreement with Aquatic Cellulose International Corp. (Valor Energy Corp., pending approval of name change).
Titan CEO Kent Jacobson comments: "We recently announced that we had obtained approval in the State of Texas as a licensed and bonded oil and gas operator. We are happy to have so rapidly concluded this new operating agreement. We will actively seek new opportunities as an oil and gas operator to enhance the revenues of our company as we move forward."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_May_3/ai_n13667373
Titan Oil and Gas, Inc.-Video of Kosciusko Drilling Operations Posted on Website
Business Wire, May 10, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to announce that video of our Kosciusko #1 Well Phase 2 drilling operations has been posted to the Company's website at the following location: www.titanoilandgas.com/news_release.htm
Titan CEO Kent Jacobson comments: "We are pleased to be able to provide video of our recent drilling operations on the Kosciusko #1 Well so that our shareholders may see first-hand the work we are doing in the field."
Jacobson further reports: "We are expecting delivery of the surface tanks shortly so that we may begin flowing the well."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_May_10/ai_n13680487
Titan Oil and Gas, Inc.-Kosciusko #1 Tank Battery Installation Underway
Business Wire, May 19, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) announces that surface work has been completed in order to begin flowing the Kosciusko #1 Well.
Titan CEO Kent Jacobson reports: "Surface tanks have now been delivered and installed, and heavy equipment is on-site constructing a firewall for the tank battery. We have scheduled a workover rig to commence flowing the well."
Jacobson further reports: "Work on the Stanley #1B Well has been completed. All pump components, electrical control panel and pump motor have been tested and are working fine. We have scheduled a workover rig to bring this well into production.
"We are pleased to reach these significant milestones in the development of our Kosciusko and Stanley properties, and look forward to bringing these wells on-line."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_May_19/ai_n13729942
Titan Oil and Gas, Inc.-Four-Mile Gas Pipeline Under Construction
Business Wire, May 24, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) announces that Midway Pipeline, Inc. is constructing a four-mile gas pipeline in order to meet the demands of anticipated gas production from Titan's properties in Wilson County, Texas.
Midway President Ray Reus comments: "Construction of a four-mile pipeline is a considerable commitment by our company. We feel it is a sound investment in view of anticipated gas production from Titan's Kosciusko and Stanley properties."
Titan CEO Kent Jacobson remarks: "We are pleased to see Midway's commitment to handle our anticipated gas production in the most efficient manner possible. We look forward to a lengthy and profitable relationship with Midway for the mutual benefit of our respective companies."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_May_24/ai_n13776645
Titan Oil and Gas, Inc.-Good Initial Flow Results on Kosciusko # 1 Well
Business Wire, June 9, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) reports good initial results on commencement of flowing the Kosciusko # 1 Well.
Titan CEO Kent Jacobson reports: "A rig arrived on site and we began flowing the well. We experienced both good flow and escalating pressure. Based on these results, we are ordering larger capacity oil tanks to handle the expected volume of production, and expect these to arrive on site shortly."
Jacobson further comments: "We are extremely pleased with the initial flow results on Kosciusko # 1. We will have the larger tanks in place as soon as possible to begin full production on this well."
Update on Stanley # 1B Well: When the rig was on-site hooking up the pump, our tests indicated a possible bad tubing joint. We have called in a larger rig to pull out the tubing so we may inspect and replace any affected area. We anticipate this to be a simple one-day repair, at which time we can begin production.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_June_9/ai_n13805266
Titan Oil and Gas, Inc.-Major Debt Settled in Full
Business Wire, June 21, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to report that the majority of its debt has now been settled in full. This debt was in the form of outstanding judgments against the Company in the State of California, which arose from past operations before the present management of the Company was in place.
The Company entered into a contract with a Manitoba-based company and with the judgment creditors, in which the Manitoba-based company was to settle the outstanding judgments. The Manitoba-based company defaulted in its obligations to the judgment creditors as per the terms of the contract. Upon receiving notification from the creditors of the default, Titan was required to negotiate an alternate arrangement, under which the judgment creditors have acknowledged receiving payment in full.
As a result of the default of the Manitoba-based company, Titan has initiated legal action in the State of California, and a counter-claim has been filed. While the Company acknowledges that it is disputing the previous contract with the Manitoba-based company, it is pleased to announce that the alternate arrangement to settle these judgments in full has successfully eliminated the majority of Titan's debt.
Titan CEO Kent Jacobson comments: "Our success in eliminating the majority of the Company's debt will only serve to strengthen its position as we move forward with further developments and acquisitions. This is an extremely positive development for the Company."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_June_21/ai_n13824286
Titan Oil and Gas, Inc.-Stanley # 1B Well in Production; Kosciusko Update
Business Wire, June 24, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) reports that work on its Stanley # 1B well has been successfully completed and the well is now in production.
Titan CEO Kent Jacobson comments: "As earlier reported, a rig was called to the site to remove the tubing and locate a suspected leak. This was successfully located at appx. 2,000 feet, and the affected tubing was replaced and re-installed. This well is now in production and is being pumped around the clock, with pressure steadily increasing. We anticipate issuing an initial production report shortly."
Kosciusko #1 Well Update:
Jacobson further reports: "The first of our two 300-barrel oil tanks has been delivered to the site and an anti-corrosion coating has been applied. This tank is scheduled to be hooked up to the well on Monday morning, and we anticipate that the well will be in production by Monday afternoon. The second 300-barrel tank is expected shortly, to increase our oil storage capacity to 600 barrels at this site. Once production is underway, we will issue an initial production report as soon as possible."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_June_24/ai_n14694892
Titan Oil and Gas, Inc.-Kosciusko #1 Well in Production
Business Wire, July 1, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) reports that work on its Kosciusko #1 Well was completed yesterday and it is producing oil.
Titan CEO Kent Jacobson reports: "Initial flow results are very strong. There has been extreme heat and humidity at the property, with one worker needing medical attention for heat stroke on Monday. Though shorthanded, the crew completed work to bring the well into production yesterday. The well flowed for several hours and was shut in overnight as a precaution. It is again flowing strongly today and we hope to have it flowing continuously from this point forward."
Jacobson further comments: "We are extremely pleased with the initial results from this well. An initial production report will be issued after the weekend."
Stanley #1B Well Update:
After the tubing repair, for the first four days the Stanley #1B well unloaded salt water which had been used previously to control very high pressures and prevent a blowout. On the last day, appx. 25 barrels of oil were produced before the pump stopped flowing due to what is suspected to be another leak in the tubing. A rig has been ordered, and the entire string of production tubing will be replaced, which we hope will eliminate this problem.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_July_1/ai_n14709776
Titan Oil and Gas, Inc.: Stanley # 1B Back in Production + Kosciusko # 1 Oil to Market
Business Wire, July 22, 2005
SAN ANTONIO -- 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."
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.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_July_22/ai_n14813653
Titan Oil and Gas, Inc.-Titan Announces Expanded Drilling Program
Business Wire, July 27, 2005
SAN ANTONIO -- 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."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_July_27/ai_n14821791
Titan Oil and Gas, Inc.: Titan Announces New Drilling Operations-Central Texas Project
Business Wire, August 1, 2005
SAN ANTONIO -- 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."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_August_1/ai_n14839358
Titan Oil and Gas, Inc.-Gas Pipeline Completion Imminent
Business Wire, August 3, 2005
SAN ANTONIO -- 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."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_August_3/ai_n14844060
Titan Oil and Gas, Inc.-Titan Constructing New Gas Pipeline
Business Wire, August 15, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is constructing a gas pipeline at its Kosciusko # 1 Well. The new gas pipeline will be appx. 3,200 feet long, allowing the Company to connect to the new four-mile gas pipeline from Midway Pipeline, Inc., which was undertaken to accommodate anticipated gas production from our operations on the Wilson County properties.
Titan CEO Kent Jacobson reports: "Construction will begin immediately. We want to have the new gas line completed for the expected imminent arrival of the drilling rig at the Kosciusko # 1 Well. We wish to ensure that the new pipeline is in place to handle anticipated gas production from this well as we drill to our target depth, in order to allow us to deliver it through the Midway Pipeline system."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_August_15/ai_n14893524
Titan Oil and Gas, Inc.-Midway Gas Pipeline Completed + Rig Arrival
Business Wire, August 24, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to report that the previously-announced gas pipeline being built by Midway Pipeline, Inc. to purchase expected gas production from its Wilson County properties has been completed.
Midway President Ray Reus reports: "The full pipeline has now been laid. The sales meter is being connected and a final test is being performed, then the gas pipeline will be ready to go into service. The pipeline is 3 inches in diameter and over four and a half miles in length, representing an investment of appx. $75,000 by Midway in anticipation of purchasing gas from Titan's operations in Wilson County."
Titan CEO Kent Jacobson reports: "The drilling rig is expected to be at our Kosciusko # 1 Well on Friday to drill appx. 300 additional feet to our target depth, which we had been prevented from reaching previously due to unexpectedly high pressures. We are very happy that Midway's pipeline has now been completed so that the Company may benefit from sales of gas expected as a result of the Kosciusko drilling."
Jacobson adds: "Titan's new pipeline to link the Kosciusko # 1 Well to the Midway line is well underway. It is being built for a cost of appx. $11,000, is 2 inches in diameter and appx. 3,200 feet in length. With the very high pressures at which gas is encountered in this area, substantial volumes can be transmitted by a pipe of this size. We expect this pipeline will be finished on or before the conclusion of drilling operations."
Titan Oil and Gas, Inc.-Midway Gas Pipeline Completed + Rig Arrival
http://findarticles.com/p/articles/mi_m0EIN/is_2005_August_24/ai_n14929890
Titan Oil and Gas, Inc.-Drilling Rig Commences Work at Kosciusko
Business Wire, Sept 7, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) reports that the drilling rig is now on-site at the Kosciusko #1 Well and operations are underway.
Titan CEO Kent Jacobson reports: "The rig arrived on the site yesterday after a brief delay on its previous assignment. Recent adverse weather conditions have played havoc with rig schedules in the southern U.S. The rig has now been set up, and will set a cement plug today in preparation for the commencement of drilling operations. We will also have a work crew finishing work on our new gas pipeline from the Kosciusko #1 Well to connect through to the Midway grid. We expect to have the gas pipeline finished before the conclusion of drilling operations to take advantage of expected natural gas production. We look forward to this, given the extremely high prices for both oil and gas in current markets. While it is shocking to fill up your car at the gas pump at these prices, as an oil and gas company, we look forward to the benefits of generating higher-than-expected profits in a relatively short period of time."
Jacobson adds: "We are pleased to report that our properties did not suffer any damage as a result of Hurricane Katrina, though we had heavier-than-normal rainfall at the site. We wish to extend our condolences to the victims of the hurricane, and also to all of the oil and gas industry workers in the region who have been affected as operations were shut down in the Gulf and surrounding areas. The damage to significant portions of the oil and gas industry places a heavier responsibility on companies like Titan to help America meet its energy needs."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Sept_7/ai_n15346779
Titan Oil and Gas, Inc.-Update on Kosciusko Drilling Operations
Business Wire, Sept 21, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to provide the following update on its Kosciusko # 1 Well drilling operations.
Titan CEO Kent Jacobson reports: "A cement plug was set in preparation for drilling to our target zone. The drilling rig was appx. 100 feet beneath the bottom of the casing, and was dressing the cement plug in preparation for directional drilling. A sudden loss of mud circulation, perhaps due to a fissure, caused a buildup of cuttings that led to the drill bit being stuck.
"Acid was pumped down the 7" casing to dissolve the concrete around the drill bit. Also, acid was pumped through the 2 7/8" tubing. Afterward, a wire line crew fired a string shot to back off one joint above the drill collars, and the remaining drill string was freed.
"Upon further investigation, it seemed that the stuck bit was due to shale heaving into the hole, therefore, for the past few days we have switched to a mud system and have been thoroughly cleansing all cuttings and debris before proceeding further. As of the close of operations on Monday, the mud was clear of cuttings and debris.
"Yesterday, we successfully fished out the remaining portion of drill string. Cement is being poured today, and the directional drill crew is slated to commence work tomorrow, for an anticipated 3 days."
Titan Operations Manager Pete Maupin reports from the site: "The hole has cleaned up very well since we switched to a mud system. We had some delays as, with the high price of oil, mud and water trucks are in very short supply and operations take longer than in times past. We look forward to the arrival of the directional drilling crew to get us down to the target area, where we expect to find significant oil and gas deposits.
"Also, the 7" diameter casing in this well is very valuable, as most wells in the area are only 4 1/2" diameter. Beyond the significant oil and gas deposits we expect to find as we conclude this phase of drilling, there is a further horizontal drilling target for this well that is available to us in the future. The large, 7" diameter casing allows for horizontal drilling operations which would be very difficult in a smaller-diameter casing. The Stanley # 1B Well also has a large, 5 1/2" diameter casing which will more easily facilitate horizontal drilling."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Sept_21/ai_n15402371
Titan Oil and Gas, Inc.-Titan Hits High Pressure Zone in Kosciusko Drilling
Business Wire, Oct 3, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to provide an update on its Kosciusko # 1 Well drilling operations.
Titan Operations Manager Pete Maupin reports from the site: "Work continues on the well. We are experiencing high pressure flow right now which we will attempt to control with 2 loads of heavy brine being trucked in from Alice, Texas."
Maupin further comments: "High pressure is generally a good sign in a formation as it can signify high potential production rates."
Titan CEO Kent Jacobson remarks: "We are happy to encounter high pressures as drilling operations continue. Mr. Maupin's observation on the significance of this will be of interest to our shareholders. We will continue to issue updates as operations progress toward conclusion."
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.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Oct_3/ai_n15657922
Titan Oil and Gas, Inc.-Drilling Pace Increases, Closing in on Formation
Business Wire, Oct 19, 2005
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SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to provide an update on its Kosciusko # 1 Well drilling operations. The pace of drilling is quickening, and the drill is closing in on the target formation.
Titan CEO Kent Jacobson comments: "We think it is appropriate to first include some history on this well for the benefit of new shareholders, and then to provide an update on the latest developments as we are now closing in on the target formation. Extra, 'behind the scenes' detail on drilling operations will be available by subscribing to our newsletter, which may be done at the Company's website, www.titanoilandgas.com. See the box at the top of the home page in order to subscribe.
"Shareholders may recall that this well is a re-completion of an existing well bore with a history of oil and gas production. Re-completion of existing well bores using new technology is much less costly than drilling new wells from the surface. The original well was drilled horizontally from the bottom of the well casing, deeper than a mile underground. Horizontal drilling is a technique used extensively in the Austin Chalk formation to more efficiently encounter fractured rock areas (which tend to be vertical in nature), many of which have proven to contain oil and gas under high pressure. Horizontal drilling is used with the objective of intersecting several of these fractured areas at once. We will utilize this technique with our additional target wells in this field, though we are doing the opposite in this particular case, by drilling vertically to a highly fractured area. Eventually, when the vertical well has been fully produced with the passage of time, we will have an additional horizontal target available to us from this well bore."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Oct_19/ai_n15699357
Titan Oil and Gas, Inc. - Target Formation Reached
Business Wire, Nov 1, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to announce that Koskiusko # 1 Well drilling has now entered the top part of the Austin Chalk formation.
Titan CEO Kent Jacobson reports: "We expect to encounter our main target zone in the next few days. We may, however, encounter oil-and-gas-bearing fractures at any time prior to reaching the predetermined target zone. We will update shareholders on developments as they occur."
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.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_1/ai_n15768142
Titan Oil and Gas, Inc.-Titan Completes Drilling on Kosciusko # 1 Well
Business Wire, Nov 10, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) has received a report from the manager of our drilling operations at the Kosciusko # 1 Well.
Titan Petroleum Engineer and Operations Manager Pete Maupin reports, "We have achieved our target depth, and we are now completing the well."
Titan CEO Kent Jacobson comments, "In all areas of the Austin Chalk formation, the most important consideration is finding a highly fractured area.
"There are 3 main indicators that this objective has been achieved. Firstly, the drilling rate has sharply increased for the last 35 feet, indicating that drilling has entered the fractured area. Secondly, there has been a rapid drop in volume in the drilling mud, also indicating that we are in the fractured area. Thirdly, though the drilling mud has been of a sufficient weight to prevent a blowout, the returns of the drilling mud are studied carefully. There has been evidence of oil and gas 'shows' in the mud returns. All of these factors, taken together, have led us to complete the well at a depth of 7,325 feet."
Maupin adds, "We are scheduled to test the well tomorrow afternoon, in order to bring it into production as soon as possible."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_10/ai_n15788828
Titan Oil and Gas, Inc.-Titan Initiates New High-Volume Pumping Program on Stanley # 1 Well
Business Wire, Nov 17, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) announces that it is discussing the implementation of a high-volume pumping system to reactivate and exploit oil production from its Stanley # 1 Well.
One thing making this possible sooner than expected has been a disappointing result in the drilling of the Kosciusko # 1 Well. All indications of having reached a highly fractured zone were present, as earlier announced, and the well was completed at a depth of 7,325 feet. Generally, a highly fractured zone in the Austin Chalk indicates a good likelihood of oil and gas. Tests have finally been completed, after some delays surrounding maintenance of the rig, final hookups, and also a packer that had become unseated and that needed to be reinstalled prior to swabbing. Though small returns of gas were observed when swabbing the well, they are not strong enough to be economically viable, as it seems the fractured area has collected water. Though this is disappointing news after our efforts on this well, it does give us another opportunity in that it may be used for the disposal of water in reactivating our Stanley # 1 Well. The rig performed a water injection test on the well before leaving the site at the end of the day yesterday.
As part of our redevelopment plans, we are finalizing arrangements for a high-volume pumping system on the Stanley # 1 Well. The Stanley # 1 Well had produced just in excess of 1,000 barrels of oil in January of this year, but was starting to produce a higher percentage of water, so we had "shut it in" in anticipation of developing the well in a more economically-sensible manner. Test results have shown continuous production of oil from this well. If an inexpensive method were to exist in order to dispose of accompanying water, the well can be pumped at a very high volume. We had been seeking a water injection well, but expected that there would be a long permitting process to get underway. As we have most of the infrastructure, piping, tubing, etc., in place at this time, we would like to get this underway quickly using the Kosciusko # 1 Well.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_17/ai_n15857405
Titan Oil and Gas, Inc.-Shareholder Update on Oil and Gas Operations
Business Wire, Nov 30, 2005
SAN ANTONIO -- The Management of Titan Oil and Gas, Inc. (TNOG:OTC) would like to take this opportunity to update our shareholders on current developments and prospects for our oil and gas operations.
We remain committed to building value for our shareholders who have loyally supported us. We estimate that we now have in excess of 8,000 shareholders. A recent NOBO List (Non-Objecting Beneficial Owners) showed more than 7,400 shareholders, and, undoubtedly, there are many more who will not appear on this list.
As previously announced, work is underway to commence high-volume pumping on the Stanley # 1 Well in Wilson County, in conjunction with a water disposal system to allow the well to be produced at a high volume. The Stanley # 1 Well produced in excess of 1,000 barrels of oil in one month earlier this year, and has a past production history of appx. 28,000 barrels of oil, along with substantial amounts of gas.
A high-volume turbine submersible pump has been ordered, and the permit process is underway to commence work on the target water injection well. We hope to have all of the work concluded and have this well in production within the coming month.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_30/ai_n15884023
Titan Oil and Gas, Inc.-New Management Team Appointed
Business Wire, March 6, 2006
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:PK) announces that a new management team has been appointed to assist the company in implementing and evaluating joint ventures and new projects. The team will emphasize new business development and will seek to add additional new talent to the Board. These new Board appointments will be filled by individuals with significant oil and gas expertise.
We have had many discussions with an established, successful, and well-managed oil well service provider in the South Texas area. Many of these discussions have centered on ways in which a cooperative relationship could utilize the strengths of the well service provider in helping Titan to develop its projects on a joint venture basis.
Current Secretary Warren Wayne and President & CEO Kent Jacobson have accepted positions with the well service company that will aid in the facilitation of this arrangement. We see special potential in utilizing well stimulation techniques in the development of targets in the Bastrop County Project as well as additional targets of interest in the Titan portfolio. Furthermore, Titan will be examining potential lease opportunities with this new relationship in mind.
http://findarticles.com/p/articles/mi_m0EIN/is_2006_March_6/ai_n16090851 ita
Oil Prices Drop Below $64 a Barrel
Nymex oil futures have fallen every day the exchange has been open in September.
http://biz.yahoo.com/ap/060912/oil_prices.html?.v=21
http://www.nymex.com/index.aspx
******NEW FLASH*****
Titan reports the Stanley well producing 11 barrels of oil for July 2006
Current Operator: TITAN OIL AND GAS, INC. (860838) District: 02
Field: PATTON (AUSTIN CHALK) RRC Identifier: 07485
Lease: STANLEY UNIT Gas Well #:
Prod Month Range: Feb 2006 - Aug 2006 Lease Type: Oil
Prod Month
02/2006 5
03/2006 6
04/2006 6
05/2006 2
06/2006 1
07/2006 11
If Any oil or Gas is sold from the Bastrop well here is where the royalty payments go to.
Maupin & land owner get 22.6 %
Oasis gets 38.6%
Titan gets 16.9%
Tejones gets 14.5%
J Harrison gets 4.8%
K Jacobson gets 2.4%
This is per documents filed with the Bastrop County Clerk in Texas!
SP may be dropping like a rock because of no HIGH VOLUME PUMP yet?? You decide!
Titan Oil and Gas, Inc.-Titan Initiates New High-Volume Pumping Program on Stanley # 1 Well
Business Wire, Nov 17, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) announces that it is discussing the implementation of a high-volume pumping system to reactivate and exploit oil production from its Stanley # 1 Well.
One thing making this possible sooner than expected has been a disappointing result in the drilling of the Kosciusko # 1 Well. All indications of having reached a highly fractured zone were present, as earlier announced, and the well was completed at a depth of 7,325 feet. Generally, a highly fractured zone in the Austin Chalk indicates a good likelihood of oil and gas. Tests have finally been completed, after some delays surrounding maintenance of the rig, final hookups, and also a packer that had become unseated and that needed to be reinstalled prior to swabbing. Though small returns of gas were observed when swabbing the well, they are not strong enough to be economically viable, as it seems the fractured area has collected water. Though this is disappointing news after our efforts on this well, it does give us another opportunity in that it may be used for the disposal of water in reactivating our Stanley # 1 Well. The rig performed a water injection test on the well before leaving the site at the end of the day yesterday.
As part of our redevelopment plans, we are finalizing arrangements for a high-volume pumping system on the Stanley # 1 Well. The Stanley # 1 Well had produced just in excess of 1,000 barrels of oil in January of this year, but was starting to produce a higher percentage of water, so we had "shut it in" in anticipation of developing the well in a more economically-sensible manner. Test results have shown continuous production of oil from this well. If an inexpensive method were to exist in order to dispose of accompanying water, the well can be pumped at a very high volume. We had been seeking a water injection well, but expected that there would be a long permitting process to get underway. As we have most of the infrastructure, piping, tubing, etc., in place at this time, we would like to get this underway quickly using the Kosciusko # 1 Well.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_17/ai_n15857405
Could it also be dropping like a rock because of insider selling?
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=TNOG&symbol=&symbol=&s...
CashCowMoo, The Stanley Well in Wilson County is down to producing 2 barrels of oil a month per the TRRC. The K1 well also in Wilson County is shut in, non producing since November 05. (the last big hyper)
The newest well that was recently re-re-re drilled in Bastrop County has come up with only 30MCF of gas per initial testing! They have to run a pipeline to the gas gathering header which is 1 mile north of the well in order to sell it!(remember midway gas line in Kosciusko last year ?)
Here is some more reasons why TNOG is falling like a brick, what have they said in the past that has come true??
Read on, and
DO NO HARM!
Titan Oil & Gas PRs 3/08/04 thru 03/06/06
http://www.primezone.com/newsroom/news.html?d=53796
Titan Consolidated Inc. to Purchase Video On Demand Company LodgeView Entertainment
VANCOUVER, British Columbia, Canada, March 8, 2004 (PRIMEZONE) -- Titan Consolidated Inc. (Pink Sheets:TTCS) announced today that it has agreed to purchase LodgeView Entertainment Inc., a Canadian based provider of Video on Demand services to the Hospitality Industry. The purchase will allow Titan Consolidated to enter into the VOD market and to roll out a comprehensive communications bundle to include VoIP technology and other services. LodgeView generates its current revenues from installations in 14 hotels in Canada and is looking to expand its client base across North America and parts of Asia. The company is also negotiating with several other potential hotel clients.
For Titan Consolidated, it means that the company will now have access to an integrated and expanding VPN (Virtual Private Network), which in turn will provide a virtually cost free backbone in which the company can deploy its planned VoIP services. This can be accomplished due to the modular construction of the technology and the already revenue generating Video On Demand (VOD) services. Further, Titan also plans to roll out an integrated Value Added Services package to hotels, including foreign exchange and money transfers, customer loyalty programs. LodgeView technology also includes Internet Broadband services and is based on new proprietary technology designed exclusively by LodgeView technicians and designers.
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 Consolidated Inc.) contains statements that are forward looking, such as statements relating to the future anticipated direction of the Software Industry, VoIP and Video On Demand, 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.
http://www.primezone.com/newsroom/news.html?d=56327
Titan Consolidated Inc. to Develop Oil and Gas Project in the Austin Chalk Trend Area of Texas
SAN ANTONIO, April 22, 2004 (PRIMEZONE) -- Titan Consolidated Inc. (Pink Sheets:TTCS) announced today that it will develop an oil and gas area in Wilson County, Texas. This reservoir area has a long history of oil exploration and production. Although it is difficult to determine exact reserves in the Wilson County Field, an estimate can be based on its size - approximately three miles long by 3/4 miles wide - as well as historical data, engineering reports and seismic information. On this basis, a minimum of 2,000,000 barrels of recoverable oil can be assumed. At today's prices this could represent as much as $60,000,000 of gross oil revenue. A Term Sheet has been signed and Titan has also negotiated Prospect and Operating Agreements, reflecting 100% ownership in the project after initial payouts.
Income will be realized from natural gas production in the initial stages of drilling. The Wilson County Field is expected to produce a significant amount of natural gas. Based on historical and seismic information collected by Petroleum Engineer Peter Maupin, gas sales are estimated to be a minimum of $12,000,000.
Existing infrastructure and development will allow for significant cost reductions. The property has an existing gas line to the field, which will save time and expense in bringing our gas to market. Further cost savings will be realized as the 20 existing abandoned vertical well bores will be used to launch horizontal laterals. This will further drop costs from an estimated $600,000 to $150,000 per well. Therefore, once the field is fully developed, a substantial gross return can be expected, assuming the world's strong demand for energy keeps prices at a consistently high level.
Initially, Titan will raise $370,000 by way of a private placement. Use of proceeds will include drilling costs, conversion of an existing well into a water injection well, a water disposal system, gas gathering, etc. A suitable operator will work the completed wells and any costs over-runs for such operations will be the responsibility of the operator, specific to the Prospect and Operating Agreements.
Both Titan Consolidated and Engineer Peter Maupin look forward to the development of future Oil and Gas projects in the same area of Texas and will endeavor to locate additional properties with similar attributes and available historical data.
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 Consolidated 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.
http://www.primezone.com/newsroom/news.html?d=56536
Titan Consolidated, Inc. Moving Corporate Offices to San Antonio, Texas
SAN ANTONIO, April 27, 2004 (PRIMEZONE) -- Titan Consolidated Inc. (Pink Sheets:TTCS) announced today that it has moved its corporate offices to San Antonio, Texas, in order to facilitate its work efforts in the San Antonio Chalk Trend area. The new offices will house Petroleum Engineer Peter Maupin and other engineers related to the Austin Chalk project in Wilson County and will serve as a base for other projects in the State of Texas.
The company's corporate offices are now located at:
Titan Consolidated Inc. The Petroleum Center Suite E-104 900 NE Loop 41 San Antonio TX 78209
The Company has launched a new corporate website, http://www.titanoilandgas.com Please consult the "Wilson Project" page at the website for a detailed description of the Austin Chalk project in Wilson County. The web site will be updated periodically over the next 7 days as new information is added. You may also contact Investor Relations at its new e-mail address: info@titanoilandgas.com
Titan Works Toward Completing Filings with the Exchange
Titan is also working to complete its filings with the exchange in order to resume its quotation on the OTC:BB. The company will need to complete all accounting processes and is now preparing for its required audit. Although little activity has taken place over the last 2 years, all financial documents and related materials are being compiled and the company will forward the necessary materials to an auditor as soon as practically possible. The company will keep shareholders informed regarding its progress.
http://www.bizjournals.com/sanantonio/stories/2004/05/10/weekinbiz1.html
Titan Consolidated
San Antonio has become the new home for a publicly traded oil and gas company.
New York-based Titan Consolidated Inc. (Pink Sheets: TTCS) has relocated corporate headquarters to San Antonio in order to invest in oil and gas projects in South Texas.
Titan, a small, five-person exploration and production company, will locate its headquarters in the Petroleum Center in Northeast San Antonio. The company is currently focused on projects in the Austin Chalk geological formation.
The company announced last week that it has signed agreements for leases in Wilson County that could generate an estimated $60 million in oil sales and $12 million in natural gas sales once the fields are fully developed.
The company hired long-time petroleum engineer Peter Maupin to head up well development efforts. Since 1971, Maupin has developed more than 100 wells in the Austin Chalk formation for various small, independent oil and gas firms.
Initially, the company will develop three horizontal wells in Wilson County that will come online by the middle of summer, Maupin says. Titan will develop additional wells in the field as capital permits. He anticipates the three-well project will cost $370,000 to develop.
http://www.bizjournals.com/sanantonio/stories/2004/09/13/daily25.html
Titan signs gas production contract with Midway Pipeline
Titan Consolidated Inc. (OTC:TTCS) has signed a gas production contract with San Antonio-based Midway Pipeline Inc.
Titan signed the contract in order to facilitate the sale of anticipated gas production in the Stanley Unit, Wilson County, Texas. The field is located in the Austin Chalk formation.
"We are pleased to have contracted Midway as our gas distribution company, and we look forward to a successful relationship," says Kent Jacobson, president of Titan. "The company's operations are well under way on the Wilson County property, leading us to take steps to ensure that we have the capacity to handle anticipated gas production."
http://www.primezone.com/newsroom/news.html?d=64167
Titan announces gas separator installation on Stanley Unit (Austin Chalk) Wilson County, TX.
SAN ANTONIO, Texas, Sept. 21, 2004 (PRIMEZONE) -- Titan Consolidated, Inc. (Pink Sheets:TTCS) President Kent Jacobson announced today that the Company has installed a gas separator unit on its project in the Stanley Unit (Austin Chalk) Wilson County, Texas.
Additional gas treating equipment, including an H2S Sample Monitor, has been provided by Midway Pipeline, Inc., of San Antonio, Texas. Titan has advanced the installation costs, which will be returned by means of an additional 5% payment to Titan each month above the current gas sales price, per terms of Titan's contract with Midway.
The gas separator and ancillary equipment will allow natural gas to be treated on-site, allowing Titan to get the best attainable market price on anticipated production.
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 Consolidated, 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.
http://www.bizjournals.com/sanantonio/stories/2004/09/27/weekinbiz1.html?page=2
Titan Consolidated
Titan Consolidated Inc. (OTC:TTCS) has signed a gas production contract with San Antonio-based Midway Pipeline Inc.
Titan signed the contract in order to facilitate the sale of anticipated gas production in the Stanley Unit, Wilson County, Texas. The field is located in the Austin Chalk formation.
"We are pleased to have contracted Midway as our gas distribution company, and we look forward to a successful relationship," says Kent Jacobson, president of Titan. "The company's operations are well under way on the Wilson County property, leading us to take steps to ensure that we have the capacity to handle anticipated gas production." .
http://www.primezone.com/newsroom/news.html?d=65176
Titan Anticipates Sales of Natural Gas by End of Week; Natural Gas Imminent on Stanley Unit (Austin Chalk) Wilson County, TX
SAN ANTONIO, Texas, Oct. 7, 2004 (PRIMEZONE) -- Titan Consolidated, Inc. (Pink Sheets:TTCS) reports that it has completed installation of gas pipe to the wellheads of its 2 major wells, and final electrical wiring is being done on the H2S Sample Monitor for gas processing. With the purchase agreement by Midway Pipeline already in place the Company anticipates sales of natural gas from the Stanley Unit (Austin Chalk) Wilson County, TX. to begin by the end of this week.
It is very difficult to determine exact reserves in the Austin Chalk because of the nature of the reservoir, as it is made up of fractures and fissures. From the extent of the field -- approx. 3 miles long and approx. 3/4 mile wide -- we can assume a minimum of two million barrels of recoverable oil are still in place. This would mean over $84,000,000.00 of gross oil revenue at today's prices.
We can also assume a recovery of approx. two mcf of gas/bbl of oil recovered which would give additional gas reserves of approx. four million mcf. This would mean over $20,000,000.00 of gross gas revenue at today's prices.
Titan CEO Kent Jacobson comments: "We are pleased to reach this important milestone as a Company, as we begin the production phase of our operations."
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 Consolidated, 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.
http://www.bizjournals.com/sanantonio/stories/2004/10/25/daily26.html
Titan brings first oil to market
Titan Consolidated Inc. (Pink Sheets: TTCS) is bringing its first oil to market since relocating in San Antonio and signing leases for three wells in the Austin Chalk geological formation in Wilson County.
Titan, formerly based in New York, is a small, five-person exploration and production company. The company announced Wednesday, Oct. 28, that its No. 1 well had produced 225 barrels of oil.
"This is a great day for Titan as we bring our first oil to market," says Titan CEO Kent Jacobson. "Our petroleum engineer, Peter Maupin, called Tuesday for an oil hauler to pick up our first load of oil. At that point we had produced 225 barrels and we will keep producing until the truck arrives."
http://www.bizjournals.com/sanantonio/stories/2004/11/08/daily26.html
November 10, 2004
Titan Consolidated's well continues to produce oil
Titan Consolidated Inc. on Wednesday said that its No. 1 well produced another 115 barrels oil under its own pressure. This follows Titan's last month production of 195 barrels.
Titan (OTCBB: TTCS) had produced enough oil to fill two truck loads.
"We are quite pleased that the well is continuing to produce oil under its own pressure and anticipate this to continue for a few more weeks before putting the well on pump," says Titan CEO Kent Jacobson.
San Antonio-based Titan is engaged in oil and gas exploration and production. Its drilling and well development activities are currently centered in the Austin Chalk formation in Wilson County.
http://www.bizjournals.com/sanantonio/stories/2005/01/24/daily22.html
January 26, 2005
Drilling on Titan's Kosciusko #1 well is underway
Titan Consolidated Inc. on Wednesday said that drilling is underway on its Kosciusko No. 1 well in Wilson County.
Titan's (Pink Sheets: TTCS) well is a vertical re-completion of an existing horizontal well with a history of solid production, says Titan CEO Kent Jacobson.
The San Antonio-based company is in the process of drilling vertically 550 feet from the bottom of an existing hole to a total depth of 7,200 feet. Titan is awaiting an order of steel tubing from Cressman Tubular in Addisson, Texas.
"Everything has progressed as expected thus far," says Titan's Petroleum Engineer Pete Maupin. "We have ordered a large workover rig, capable of deep drilling to reach our target depth, from Capital Well Services of Charlotte, Texas. We look forward to the completion of this well."
Titan is engaged in oil and gas development. Its business model is to redevelop oil and gas fields with a history of production, while looking for opportunities to expand into new properties.
Titan Consolidated Announces Company Name and Symbol Change
Business Wire, Feb 25, 2005
SAN ANTONIO -- Titan Consolidated, Inc. (TTCS:OTC) reports that the Company name has been changed, effective immediately, to Titan Oil and Gas, Inc.
Titan CEO Kent Jacobson reports: "As of the market open on Friday, February 25, 2005, Titan Oil and Gas, Inc., will be trading under a new symbol, TNOG:OTC."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Feb_25/ai_n10302193
Titan Oil and Gas, Inc. - Update on Stanley Unit Operations
Business Wire, March 1, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to provide an update on its operations in the Patton Field (Stanley Unit) Wilson County, Texas.
Stanley # 1 well: Initially slated for water disposal, this well showed good potential for production, and was put into service. After flowing with good pressure for a time, it appeared ready to go on pump. At the time this was to be done, a significant increase in pressure was observed. The well flowed through the month of January, producing 1,002.79 barrels to market. Pressure has finally subsided, and the well is slated to be put on pump as soon as the ground dries sufficiently from recent rainfall and a workover rig can be brought on site.
Stanley # 1B well: When the workover rig arrives to put # 1 well on pump, we intend to put this additional well into service. It is appx. 1,300 feet in distance from Stanley #1, and is piped into the main tank battery. A pumpjack and tubing are on site, ready to be installed. In anticipation of this, the capacity of the tank battery on the Stanley Unit has been doubled to handle up to 600 barrels of oil, and water storage capacity has also been increased.
Titan CEO Kent Jacobson comments: "We are happy to report the activity on the Stanley Unit and now look forward to bringing a second well, the # 1B, on-line. We await the deep workover rig to conclude operations on our third well, the Kosciusko # 1, and a progress report will follow shortly."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_March_1/ai_n11835259
Titan Oil and Gas, Inc.-Work on Stanley # 1 Well Completed
Business Wire, March 10, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to report that work on its Stanley # 1 well in Wilson County, Texas, has been completed.
Titan CEO Kent Jacobson reports: "A workover rig arrived on site, removed and replaced old tubing with new, and the pump has been installed, tested, and is working fine. It was decided not to put it onto continuous pump at the close of operations yesterday, as the well has a history of building up pressure quickly and must be monitored, which we will do commencing this morning.
"We plan to move the rig over to the Stanley # 1B and commence operations today, barring any unforeseen complications, and we look forward to having an update shortly."
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.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_March_10/ai_n12416596
Titan Oil and Gas, Inc.-Phase 2 of Drilling on Kosciusko #1 Well Underway
Business Wire, April 6, 2005
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SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to report that the second, final phase of drilling on its Kosciusko #1 well is underway.
Titan CEO Kent Jacobson reports: "The deep workover rig from Capital Well Services, of Charlotte, TX, arrived on site yesterday and was set up along with the water tank, pipe racks and drill string. Drilling will begin this morning.
"As earlier reported, Kosciusko #1 is a re-completion of an existing horizontal well with a history of production. Phase 1 of drilling operations, conducted in January, 2005, involved drilling out 4 concrete plugs from the existing well casing to a total depth of 3,589 feet.
"Phase 2, now underway, involves a heavier rig capable of deeper drilling. We are drilling vertically through the remaining concrete plug at the bottom of the existing well casing, appx. 550 feet to a total depth of appx. 7,285 feet within the target formation.
"With high oil and gas prices, rigs capable of deep drilling are heavily booked. Periods of heavy rainfall result in a backlog as operations are postponed until the ground is dry enough to support heavy equipment. So, we are pleased to now have the rig on site to initiate Phase 2 of our drilling operations on Kosciusko #1. In upcoming days, we will post new pictures from the field on the company's website at: http://www.titanoilandgas.com."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_April_6/ai_n13559350
Titan Oil and Gas, Inc.-Titan Strikes Oil on Kosciusko #1 Well
Business Wire, April 14, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) has struck oil, completing Phase 2 of its drilling operations on the Kosciusko #1 Well.
Titan CEO Kent Jacobson reports: "We encountered high pressures 300 feet above our original target zone and decided to complete the well at this depth. The rig concluded its work, and an x-mas tree was installed on the wellhead. A tank battery will be constructed shortly, and the well will be tested for continuous production.
"We are pleased to complete drilling operations on this well, and look forward to concluding surface installations in order to bring this well into production."
Pictures of Phase 2 operations are now available on the Company's website at www.titanoilandgas.com and additional pictures will be posted shortly.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_April_14/ai_n13609285
Titan Oil and Gas, Inc.-Titan Attains Licensed, Bonded Operator Status
Business Wire, April 27, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is now recognized as a licensed and bonded oil and gas operator in the State of Texas.
Titan CEO Kent Jacobson reports: "The Texas Railroad Commission has approved our application to become a fully licensed and bonded oil and gas operator.The Railroad Commission is the governing authority for all oil and gas operations in the State, and we are pleased to have attained this status as we move forward with future drilling operations."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_April_27/ai_n13656043
Titan Signs Oil and Gas Operating Agreement
Business Wire, May 3, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) has entered into an oil and gas operating agreement with Aquatic Cellulose International Corp. (Valor Energy Corp., pending approval of name change).
Titan CEO Kent Jacobson comments: "We recently announced that we had obtained approval in the State of Texas as a licensed and bonded oil and gas operator. We are happy to have so rapidly concluded this new operating agreement. We will actively seek new opportunities as an oil and gas operator to enhance the revenues of our company as we move forward."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_May_3/ai_n13667373
Titan Oil and Gas, Inc.-Video of Kosciusko Drilling Operations Posted on Website
Business Wire, May 10, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to announce that video of our Kosciusko #1 Well Phase 2 drilling operations has been posted to the Company's website at the following location: www.titanoilandgas.com/news_release.htm
Titan CEO Kent Jacobson comments: "We are pleased to be able to provide video of our recent drilling operations on the Kosciusko #1 Well so that our shareholders may see first-hand the work we are doing in the field."
Jacobson further reports: "We are expecting delivery of the surface tanks shortly so that we may begin flowing the well."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_May_10/ai_n13680487
Titan Oil and Gas, Inc.-Kosciusko #1 Tank Battery Installation Underway
Business Wire, May 19, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) announces that surface work has been completed in order to begin flowing the Kosciusko #1 Well.
Titan CEO Kent Jacobson reports: "Surface tanks have now been delivered and installed, and heavy equipment is on-site constructing a firewall for the tank battery. We have scheduled a workover rig to commence flowing the well."
Jacobson further reports: "Work on the Stanley #1B Well has been completed. All pump components, electrical control panel and pump motor have been tested and are working fine. We have scheduled a workover rig to bring this well into production.
"We are pleased to reach these significant milestones in the development of our Kosciusko and Stanley properties, and look forward to bringing these wells on-line."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_May_19/ai_n13729942
Titan Oil and Gas, Inc.-Four-Mile Gas Pipeline Under Construction
Business Wire, May 24, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) announces that Midway Pipeline, Inc. is constructing a four-mile gas pipeline in order to meet the demands of anticipated gas production from Titan's properties in Wilson County, Texas.
Midway President Ray Reus comments: "Construction of a four-mile pipeline is a considerable commitment by our company. We feel it is a sound investment in view of anticipated gas production from Titan's Kosciusko and Stanley properties."
Titan CEO Kent Jacobson remarks: "We are pleased to see Midway's commitment to handle our anticipated gas production in the most efficient manner possible. We look forward to a lengthy and profitable relationship with Midway for the mutual benefit of our respective companies."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_May_24/ai_n13776645
Titan Oil and Gas, Inc.-Good Initial Flow Results on Kosciusko # 1 Well
Business Wire, June 9, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) reports good initial results on commencement of flowing the Kosciusko # 1 Well.
Titan CEO Kent Jacobson reports: "A rig arrived on site and we began flowing the well. We experienced both good flow and escalating pressure. Based on these results, we are ordering larger capacity oil tanks to handle the expected volume of production, and expect these to arrive on site shortly."
Jacobson further comments: "We are extremely pleased with the initial flow results on Kosciusko # 1. We will have the larger tanks in place as soon as possible to begin full production on this well."
Update on Stanley # 1B Well: When the rig was on-site hooking up the pump, our tests indicated a possible bad tubing joint. We have called in a larger rig to pull out the tubing so we may inspect and replace any affected area. We anticipate this to be a simple one-day repair, at which time we can begin production.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_June_9/ai_n13805266
Titan Oil and Gas, Inc.-Major Debt Settled in Full
Business Wire, June 21, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to report that the majority of its debt has now been settled in full. This debt was in the form of outstanding judgments against the Company in the State of California, which arose from past operations before the present management of the Company was in place.
The Company entered into a contract with a Manitoba-based company and with the judgment creditors, in which the Manitoba-based company was to settle the outstanding judgments. The Manitoba-based company defaulted in its obligations to the judgment creditors as per the terms of the contract. Upon receiving notification from the creditors of the default, Titan was required to negotiate an alternate arrangement, under which the judgment creditors have acknowledged receiving payment in full.
As a result of the default of the Manitoba-based company, Titan has initiated legal action in the State of California, and a counter-claim has been filed. While the Company acknowledges that it is disputing the previous contract with the Manitoba-based company, it is pleased to announce that the alternate arrangement to settle these judgments in full has successfully eliminated the majority of Titan's debt.
Titan CEO Kent Jacobson comments: "Our success in eliminating the majority of the Company's debt will only serve to strengthen its position as we move forward with further developments and acquisitions. This is an extremely positive development for the Company."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_June_21/ai_n13824286
Titan Oil and Gas, Inc.-Stanley # 1B Well in Production; Kosciusko Update
Business Wire, June 24, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) reports that work on its Stanley # 1B well has been successfully completed and the well is now in production.
Titan CEO Kent Jacobson comments: "As earlier reported, a rig was called to the site to remove the tubing and locate a suspected leak. This was successfully located at appx. 2,000 feet, and the affected tubing was replaced and re-installed. This well is now in production and is being pumped around the clock, with pressure steadily increasing. We anticipate issuing an initial production report shortly."
Kosciusko #1 Well Update:
Jacobson further reports: "The first of our two 300-barrel oil tanks has been delivered to the site and an anti-corrosion coating has been applied. This tank is scheduled to be hooked up to the well on Monday morning, and we anticipate that the well will be in production by Monday afternoon. The second 300-barrel tank is expected shortly, to increase our oil storage capacity to 600 barrels at this site. Once production is underway, we will issue an initial production report as soon as possible."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_June_24/ai_n14694892
Titan Oil and Gas, Inc.-Kosciusko #1 Well in Production
Business Wire, July 1, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) reports that work on its Kosciusko #1 Well was completed yesterday and it is producing oil.
Titan CEO Kent Jacobson reports: "Initial flow results are very strong. There has been extreme heat and humidity at the property, with one worker needing medical attention for heat stroke on Monday. Though shorthanded, the crew completed work to bring the well into production yesterday. The well flowed for several hours and was shut in overnight as a precaution. It is again flowing strongly today and we hope to have it flowing continuously from this point forward."
Jacobson further comments: "We are extremely pleased with the initial results from this well. An initial production report will be issued after the weekend."
Stanley #1B Well Update:
After the tubing repair, for the first four days the Stanley #1B well unloaded salt water which had been used previously to control very high pressures and prevent a blowout. On the last day, appx. 25 barrels of oil were produced before the pump stopped flowing due to what is suspected to be another leak in the tubing. A rig has been ordered, and the entire string of production tubing will be replaced, which we hope will eliminate this problem.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_July_1/ai_n14709776
Titan Oil and Gas, Inc.: Stanley # 1B Back in Production + Kosciusko # 1 Oil to Market
Business Wire, July 22, 2005
SAN ANTONIO -- 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."
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.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_July_22/ai_n14813653
Titan Oil and Gas, Inc.-Titan Announces Expanded Drilling Program
Business Wire, July 27, 2005
SAN ANTONIO -- 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."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_July_27/ai_n14821791
Titan Oil and Gas, Inc.: Titan Announces New Drilling Operations-Central Texas Project
Business Wire, August 1, 2005
SAN ANTONIO -- 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."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_August_1/ai_n14839358
Titan Oil and Gas, Inc.-Gas Pipeline Completion Imminent
Business Wire, August 3, 2005
SAN ANTONIO -- 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."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_August_3/ai_n14844060
Titan Oil and Gas, Inc.-Titan Constructing New Gas Pipeline
Business Wire, August 15, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is constructing a gas pipeline at its Kosciusko # 1 Well. The new gas pipeline will be appx. 3,200 feet long, allowing the Company to connect to the new four-mile gas pipeline from Midway Pipeline, Inc., which was undertaken to accommodate anticipated gas production from our operations on the Wilson County properties.
Titan CEO Kent Jacobson reports: "Construction will begin immediately. We want to have the new gas line completed for the expected imminent arrival of the drilling rig at the Kosciusko # 1 Well. We wish to ensure that the new pipeline is in place to handle anticipated gas production from this well as we drill to our target depth, in order to allow us to deliver it through the Midway Pipeline system."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_August_15/ai_n14893524
Titan Oil and Gas, Inc.-Midway Gas Pipeline Completed + Rig Arrival
Business Wire, August 24, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to report that the previously-announced gas pipeline being built by Midway Pipeline, Inc. to purchase expected gas production from its Wilson County properties has been completed.
Midway President Ray Reus reports: "The full pipeline has now been laid. The sales meter is being connected and a final test is being performed, then the gas pipeline will be ready to go into service. The pipeline is 3 inches in diameter and over four and a half miles in length, representing an investment of appx. $75,000 by Midway in anticipation of purchasing gas from Titan's operations in Wilson County."
Titan CEO Kent Jacobson reports: "The drilling rig is expected to be at our Kosciusko # 1 Well on Friday to drill appx. 300 additional feet to our target depth, which we had been prevented from reaching previously due to unexpectedly high pressures. We are very happy that Midway's pipeline has now been completed so that the Company may benefit from sales of gas expected as a result of the Kosciusko drilling."
Jacobson adds: "Titan's new pipeline to link the Kosciusko # 1 Well to the Midway line is well underway. It is being built for a cost of appx. $11,000, is 2 inches in diameter and appx. 3,200 feet in length. With the very high pressures at which gas is encountered in this area, substantial volumes can be transmitted by a pipe of this size. We expect this pipeline will be finished on or before the conclusion of drilling operations."
Titan Oil and Gas, Inc.-Midway Gas Pipeline Completed + Rig Arrival
http://findarticles.com/p/articles/mi_m0EIN/is_2005_August_24/ai_n14929890
Titan Oil and Gas, Inc.-Drilling Rig Commences Work at Kosciusko
Business Wire, Sept 7, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) reports that the drilling rig is now on-site at the Kosciusko #1 Well and operations are underway.
Titan CEO Kent Jacobson reports: "The rig arrived on the site yesterday after a brief delay on its previous assignment. Recent adverse weather conditions have played havoc with rig schedules in the southern U.S. The rig has now been set up, and will set a cement plug today in preparation for the commencement of drilling operations. We will also have a work crew finishing work on our new gas pipeline from the Kosciusko #1 Well to connect through to the Midway grid. We expect to have the gas pipeline finished before the conclusion of drilling operations to take advantage of expected natural gas production. We look forward to this, given the extremely high prices for both oil and gas in current markets. While it is shocking to fill up your car at the gas pump at these prices, as an oil and gas company, we look forward to the benefits of generating higher-than-expected profits in a relatively short period of time."
Jacobson adds: "We are pleased to report that our properties did not suffer any damage as a result of Hurricane Katrina, though we had heavier-than-normal rainfall at the site. We wish to extend our condolences to the victims of the hurricane, and also to all of the oil and gas industry workers in the region who have been affected as operations were shut down in the Gulf and surrounding areas. The damage to significant portions of the oil and gas industry places a heavier responsibility on companies like Titan to help America meet its energy needs."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Sept_7/ai_n15346779
Titan Oil and Gas, Inc.-Update on Kosciusko Drilling Operations
Business Wire, Sept 21, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to provide the following update on its Kosciusko # 1 Well drilling operations.
Titan CEO Kent Jacobson reports: "A cement plug was set in preparation for drilling to our target zone. The drilling rig was appx. 100 feet beneath the bottom of the casing, and was dressing the cement plug in preparation for directional drilling. A sudden loss of mud circulation, perhaps due to a fissure, caused a buildup of cuttings that led to the drill bit being stuck.
"Acid was pumped down the 7" casing to dissolve the concrete around the drill bit. Also, acid was pumped through the 2 7/8" tubing. Afterward, a wire line crew fired a string shot to back off one joint above the drill collars, and the remaining drill string was freed.
"Upon further investigation, it seemed that the stuck bit was due to shale heaving into the hole, therefore, for the past few days we have switched to a mud system and have been thoroughly cleansing all cuttings and debris before proceeding further. As of the close of operations on Monday, the mud was clear of cuttings and debris.
"Yesterday, we successfully fished out the remaining portion of drill string. Cement is being poured today, and the directional drill crew is slated to commence work tomorrow, for an anticipated 3 days."
Titan Operations Manager Pete Maupin reports from the site: "The hole has cleaned up very well since we switched to a mud system. We had some delays as, with the high price of oil, mud and water trucks are in very short supply and operations take longer than in times past. We look forward to the arrival of the directional drilling crew to get us down to the target area, where we expect to find significant oil and gas deposits.
"Also, the 7" diameter casing in this well is very valuable, as most wells in the area are only 4 1/2" diameter. Beyond the significant oil and gas deposits we expect to find as we conclude this phase of drilling, there is a further horizontal drilling target for this well that is available to us in the future. The large, 7" diameter casing allows for horizontal drilling operations which would be very difficult in a smaller-diameter casing. The Stanley # 1B Well also has a large, 5 1/2" diameter casing which will more easily facilitate horizontal drilling."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Sept_21/ai_n15402371
Titan Oil and Gas, Inc.-Titan Hits High Pressure Zone in Kosciusko Drilling
Business Wire, Oct 3, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to provide an update on its Kosciusko # 1 Well drilling operations.
Titan Operations Manager Pete Maupin reports from the site: "Work continues on the well. We are experiencing high pressure flow right now which we will attempt to control with 2 loads of heavy brine being trucked in from Alice, Texas."
Maupin further comments: "High pressure is generally a good sign in a formation as it can signify high potential production rates."
Titan CEO Kent Jacobson remarks: "We are happy to encounter high pressures as drilling operations continue. Mr. Maupin's observation on the significance of this will be of interest to our shareholders. We will continue to issue updates as operations progress toward conclusion."
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.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Oct_3/ai_n15657922
Titan Oil and Gas, Inc.-Drilling Pace Increases, Closing in on Formation
Business Wire, Oct 19, 2005
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SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to provide an update on its Kosciusko # 1 Well drilling operations. The pace of drilling is quickening, and the drill is closing in on the target formation.
Titan CEO Kent Jacobson comments: "We think it is appropriate to first include some history on this well for the benefit of new shareholders, and then to provide an update on the latest developments as we are now closing in on the target formation. Extra, 'behind the scenes' detail on drilling operations will be available by subscribing to our newsletter, which may be done at the Company's website, www.titanoilandgas.com. See the box at the top of the home page in order to subscribe.
"Shareholders may recall that this well is a re-completion of an existing well bore with a history of oil and gas production. Re-completion of existing well bores using new technology is much less costly than drilling new wells from the surface. The original well was drilled horizontally from the bottom of the well casing, deeper than a mile underground. Horizontal drilling is a technique used extensively in the Austin Chalk formation to more efficiently encounter fractured rock areas (which tend to be vertical in nature), many of which have proven to contain oil and gas under high pressure. Horizontal drilling is used with the objective of intersecting several of these fractured areas at once. We will utilize this technique with our additional target wells in this field, though we are doing the opposite in this particular case, by drilling vertically to a highly fractured area. Eventually, when the vertical well has been fully produced with the passage of time, we will have an additional horizontal target available to us from this well bore."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Oct_19/ai_n15699357
Titan Oil and Gas, Inc. - Target Formation Reached
Business Wire, Nov 1, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to announce that Koskiusko # 1 Well drilling has now entered the top part of the Austin Chalk formation.
Titan CEO Kent Jacobson reports: "We expect to encounter our main target zone in the next few days. We may, however, encounter oil-and-gas-bearing fractures at any time prior to reaching the predetermined target zone. We will update shareholders on developments as they occur."
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.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_1/ai_n15768142
Titan Oil and Gas, Inc.-Titan Completes Drilling on Kosciusko # 1 Well
Business Wire, Nov 10, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) has received a report from the manager of our drilling operations at the Kosciusko # 1 Well.
Titan Petroleum Engineer and Operations Manager Pete Maupin reports, "We have achieved our target depth, and we are now completing the well."
Titan CEO Kent Jacobson comments, "In all areas of the Austin Chalk formation, the most important consideration is finding a highly fractured area.
"There are 3 main indicators that this objective has been achieved. Firstly, the drilling rate has sharply increased for the last 35 feet, indicating that drilling has entered the fractured area. Secondly, there has been a rapid drop in volume in the drilling mud, also indicating that we are in the fractured area. Thirdly, though the drilling mud has been of a sufficient weight to prevent a blowout, the returns of the drilling mud are studied carefully. There has been evidence of oil and gas 'shows' in the mud returns. All of these factors, taken together, have led us to complete the well at a depth of 7,325 feet."
Maupin adds, "We are scheduled to test the well tomorrow afternoon, in order to bring it into production as soon as possible."
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_10/ai_n15788828
Titan Oil and Gas, Inc.-Titan Initiates New High-Volume Pumping Program on Stanley # 1 Well
Business Wire, Nov 17, 2005
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:OTC) announces that it is discussing the implementation of a high-volume pumping system to reactivate and exploit oil production from its Stanley # 1 Well.
One thing making this possible sooner than expected has been a disappointing result in the drilling of the Kosciusko # 1 Well. All indications of having reached a highly fractured zone were present, as earlier announced, and the well was completed at a depth of 7,325 feet. Generally, a highly fractured zone in the Austin Chalk indicates a good likelihood of oil and gas. Tests have finally been completed, after some delays surrounding maintenance of the rig, final hookups, and also a packer that had become unseated and that needed to be reinstalled prior to swabbing. Though small returns of gas were observed when swabbing the well, they are not strong enough to be economically viable, as it seems the fractured area has collected water. Though this is disappointing news after our efforts on this well, it does give us another opportunity in that it may be used for the disposal of water in reactivating our Stanley # 1 Well. The rig performed a water injection test on the well before leaving the site at the end of the day yesterday.
As part of our redevelopment plans, we are finalizing arrangements for a high-volume pumping system on the Stanley # 1 Well. The Stanley # 1 Well had produced just in excess of 1,000 barrels of oil in January of this year, but was starting to produce a higher percentage of water, so we had "shut it in" in anticipation of developing the well in a more economically-sensible manner. Test results have shown continuous production of oil from this well. If an inexpensive method were to exist in order to dispose of accompanying water, the well can be pumped at a very high volume. We had been seeking a water injection well, but expected that there would be a long permitting process to get underway. As we have most of the infrastructure, piping, tubing, etc., in place at this time, we would like to get this underway quickly using the Kosciusko # 1 Well.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_17/ai_n15857405
Titan Oil and Gas, Inc.-Shareholder Update on Oil and Gas Operations
Business Wire, Nov 30, 2005
SAN ANTONIO -- The Management of Titan Oil and Gas, Inc. (TNOG:OTC) would like to take this opportunity to update our shareholders on current developments and prospects for our oil and gas operations.
We remain committed to building value for our shareholders who have loyally supported us. We estimate that we now have in excess of 8,000 shareholders. A recent NOBO List (Non-Objecting Beneficial Owners) showed more than 7,400 shareholders, and, undoubtedly, there are many more who will not appear on this list.
As previously announced, work is underway to commence high-volume pumping on the Stanley # 1 Well in Wilson County, in conjunction with a water disposal system to allow the well to be produced at a high volume. The Stanley # 1 Well produced in excess of 1,000 barrels of oil in one month earlier this year, and has a past production history of appx. 28,000 barrels of oil, along with substantial amounts of gas.
A high-volume turbine submersible pump has been ordered, and the permit process is underway to commence work on the target water injection well. We hope to have all of the work concluded and have this well in production within the coming month.
http://findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_30/ai_n15884023
Titan Oil and Gas, Inc.-New Management Team Appointed
Business Wire, March 6, 2006
SAN ANTONIO -- Titan Oil and Gas, Inc. (TNOG:PK) announces that a new management team has been appointed to assist the company in implementing and evaluating joint ventures and new projects. The team will emphasize new business development and will seek to add additional new talent to the Board. These new Board appointments will be filled by individuals with significant oil and gas expertise.
We have had many discussions with an established, successful, and well-managed oil well service provider in the South Texas area. Many of these discussions have centered on ways in which a cooperative relationship could utilize the strengths of the well service provider in helping Titan to develop its projects on a joint venture basis.
Current Secretary Warren Wayne and President & CEO Kent Jacobson have accepted positions with the well service company that will aid in the facilitation of this arrangement. We see special potential in utilizing well stimulation techniques in the development of targets in the Bastrop County Project as well as additional targets of interest in the Titan portfolio. Furthermore, Titan will be examining potential lease opportunities with this new relationship in mind.
http://findarticles.com/p/articles/mi_m0EIN/is_2006_March_6/ai_n16090851 ita
WOW, TNOG is shorted $1,111,00
.005 X 222,133 = $1,111,00
What is your guess about the PPS when they cover?
ROFLMAO
More insider selling!
I see that Warren Wayne is selling more shares per last Fridays filing.. ROFLMAO
BTW why did Warren and Kent leave Titan....Seems they know what is coming and that is why they left.....make sense??
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=TNOG&symbol=&symbol=&s...