I provide VERIFIABLE links, just ask if I forget to add in post!!
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Why no TITAN filings with SEC sinse 12/5/2005 after last name change?
http://www.pinksheets.com/quote/filings.jsp?symbol=TNOG
""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://www.findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_30/ai_n15884023
Where is the High Volume Pump that was to be installed last year? Also to dispose of the large volume of saltwater that will be produced they have to have a Disposal permit, an application for one has not been submitted to the TRRC do a search.
http://www.findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_17/ai_n15857405
http://www.rrc.state.tx.us/
I posted the Verifiable facts backed by the Texas Railroad Commission.
Total oil production for the Month of April 2006 divided by the number of producing wells in Texas Feb 2006.
These numbers refer to the State of Texas average of 1,683 barrels per month per well
You refer to the US national average of 11 barrels
Are you expecting Drake to sell any Gold?
The State of Texas average Oil well production is:
Texas has 15,856 regular producing wells:
For the month of April 2006 Texas produced 26,687,818 barrels of oil:
The State average of oil per well is 1,683 barrels per month!
The big producing oil well leases are taken, (or would have never been given up) pink sheet new oil companies, usually from out of state or Canada, pick up the leftovers!
http://crowtf.myphotoalbum.com/view_photo.php?set_albumName=album08&id=AprilProductionStateWide2...
http://www.rrc.state.tx.us/divisions/og/statistics/wells/ogowlct.pdf
Did You possibly post something negative about DKGR?
Titan Oil and Gas Balance Sheet
June 30, 2006
( unaudited )
ASSETS
Current Assets
Cash 2,614
Total Current Assets 2,614
TOTAL ASSETS 2,614
LIABILITIES & EQUITY
Current Liabilities
Accounts Payable 595,334
Notes Payable - Note 2 231,936
Total Current Liabilities 827,270
Total Liabilities 827,270
Equity
Additional Paid In Capital 42,977,868
Capital Stock - Note 4 80,108
Retained Earnings (43,766,311)
Net Income (116,321)
Total Equity (824,656)
TOTAL LIABILITIES & EQUITY 2,614
Titan
Titan Oil and Gas Inc.
Statement of Operations
for the period April 01, 2006 to June 30, 2006
( unaudited )
Revenue
Income 20,210
Expenses
Operations 28,592
Outsourced Services 54,452
Total Expense 83,044
Net loss from operations (62,834)
Titan Oil and Gas Inc.
Notes to the financial statements
for the six months ended June 30, 2006
NOTE 1 – THE COMPANY
Nature of Business
The company was incorporated on August 26, 1998 under the name of Sierra Gold Corporation. On January 04, 1999, Sierra Gold Corporation changed its name to
PayForView.com Corp. In February 2002, the company changed its name to James Barclay Alan Inc. The company was considered a development stage company as
its planned principal operations had not yet commenced. Through December 31, 2002
the Company’s previous business was developing an internet based website to distribute
movies, music live events and sports events direct to consumers on pay for view basis.
In May 2003, the company changed its name to Titan Consolidated Inc. and is primarily involved in the exploration of oil and gas in Texas. In February 2005, the company changed its name to Titan Oil and Gas Inc.
Going Concern
The accompanying financial statements have been prepared in conformity with accounting principals generally accepted in the United States which contemplates continuation of the Company as a going concern. The company operations generated
a nominal revenue in prior periods which did not cover expenses.
The future success of the Company is likely dependent on its ability to attain additional capital or to find an acquisition to add value to its present shareholders and ultimately, upon its ability to attain future profitable operations. There can be no assurance that the
Company will be successful in obtaining financing, or that it will attain positive cash
flow from operations.
Certain information and disclosures normally included in the notes to the financial statements have been condensed or omitted as permitted by the rules and regulations of the Securities and Exchange Commission, although the company believes that the disclosure is adequate to make the information presented not misleading.
NOTE 2 – NOTES PAYABLE
The Company has not been able to generate sufficient income from operations to meet he cash flow necessary to meet its’ daily requirements. The financial statements reflect cash
provided by direct private investment in the amount of $231,936 for the period ended
June 30, 2006
The above loans are repayable one year after receipt and bear an annual interest rate of 10%. The above loans have been extended for a further term of 4 years from the first anniversary date with the same interest rate applied. Interest has not been reflected in the
attached financial statements, but will be reported when the loans payable are retired
NOTE 3 – SUPPLIMENTARY CASH FLOW INFORMATION
There was no cash paid for either interest or income tax during the current period
presented.
Non – Cash Investing activity
The company issued 5,972,461 shares during the 6 month period ended June 30, 2006 which were allocated to company operational expenses and debt reduction.
NOTE 4 – STOCKHOLDERS’ EQUITY
Common Stock
The Company is authorized to issue 750,000,000 shares at a par value of $.0001. All
the outstanding common stock is fully paid and non – assessable.
The Company has issued 747,322, 873 common shares from the date of incorporation
to June 30, 2006 which were used for operational expenses and debt reduction
NOTE 5 – CURRENT OPERATIONS AND FUTURE PROJECTS
JOINT VENTURES
The Company is pleased to advise that it has signed a Letter of Intent with
M.S. Klotzman Exploration Co to develop oil and gas leases in South Texas
with the re – entry/ re-working of a minimum of two wells. The parties have
agreed to keep the specific details of the agreement confidential for 60 days
in order to allow time to complete leasing operations.
On May 01, 2006 the Company entered into a joint venture working interest
agreement to develop the Bastrop County project with Oasis Oils and Gas Corporation, a Houston based company headed by J.R. Harrison who has been in the petroleum and fuels marketing business for the last 18 years and has worked with major oil companies such as Exxon, Mobil and Shell Oil and Tejones Operating Corporation, headed by T. Gouger III who has been an oil and gas operator for over 25 years in the South Texas area.
Titan Oil And Gas Inc. has developed this joint venture in a manner that has not
affected the company’s share structure. The company will have no direct
development expenses other than the lease costs, which has already been paid.
On June 21, 2006, the Company entered into an agreement with Tejones
Operating Corporation to rework/recomplete 14 wells in Caldwell Co, Texas.
FUTURE PROJECTS
The Company is searching for and is amassing new oil and gas leases and is
packaging joint ventures whereby it retains a carried working interest in the oil and gas income while not affecting share capital.
https://www.otcstockinfo.com/repository/627099/627099_FR5.pdf
Doc Silky, were you able to get the TRRC API well numbers of any of the wells in Caldwell County from Clayton, Brandon or anyone else?
BTW what are the odds of them giving that info to you or anyone? If we had the info we could look up previous production of these wells and see why they plugged them!
Do not play like you ignore me, I know that you read my post because I'm the one providing fresh verifiable DD.
How HOT is Bastrop County for drilling for oil? You will see that only 3 permits were issued This year (2006), one for a new drill and 2 for a re-drill Tejones is the last permit issued where TNOG gets 14.9% if any oil is produced
BTW Only 5 issued in 2005
http://webapps.rrc.state.tx.us/DP/changeQueryPageAction.do?pager.offset=1480
or
http://crowtf.myphotoalbum.com/view_photo.php?full=1&set_albumName=album07&id=BastropPermits
Average "Monthly" production per well in Wilson, Caldwell, and Wilson County per the TRRC for the month of April 2006 was;
Wilson County wells average 35.9 barrels per month
Caldwell County wells average 23.6 barrels per month
Bastrop County wells average 19.46 barrels per month
*****TNOG DD*****
Read the old PRs and then determine what they have or have not done!
Now that would be some fast, non bias DD.
BTW the old prs were removed from their web site, why would they do that?
http://www.findarticles.com/p/search?qt=tnog&qf=all&qta=1&tb=art&x=0&y=0
""Titan is actually pumping oil at the Stanley well in Wilson County as per the Texas Railway Commission reports. The potential exists for this company to expand that production greatly. ""
Yes Titan produced 6 barrels of oil in April 2006
What happen with the High Volume pump that they said was to be installed on the Stanley unit December 2005?
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.
Advertisement
We are arranging the transportation of tanks from the Kosciusko location to be used in developing our first target well on the Bastrop County lease. Titan currently has over 250 acres under lease in Bastrop County, with an additional 350 acres that are also available in order to initiate new drilling operations.
Titan's initial drilling target in Bastrop County is a re-completion of a well with an initial production history of appx. 170 barrels of oil and 178 mcf of gas per day. Titan's Petroleum Engineer, Pete Maupin, wants to utilize a process to renew production that has been successfully used in the area many times in the past, but that was not applied to this well.
If test results are as expected, with the current 250 acres under lease there are a further 5 opportunities for wells to be drilled in this field - 1 re-completion of an existing well bore, and 4 opportunities for new wells to be drilled from the surface. If we proceed to lease the remaining 350 acres, we will have 6 further opportunities for new wells to be drilled from the surface. We will be issuing a Bastrop County Report to shareholders similar to the report that was prepared for Wilson County.
In addition to the foregoing, we plan to undertake horizontal drilling on the Stanley #1 B Well in Wilson County as quickly as possible. This well originally produced over 30,000 barrels of oil and a substantial quantity of gas as a vertical well. The Stanley # 1 B Well has a large, 5 1/2" diameter casing to more easily facilitate re-completion by horizontal drilling than smaller well bores generally found in the area.
Our management team has decided to fully exploit the value of our oil and gas properties at a more rapid pace by means of joint ventures. We have had good progress thus far in discussions with interested parties and will update our 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 holds a majority working interest in all of its current and prospective wells. 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://www.findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_30/ai_n15884023
Clay Smith is a paid promoter, Ken Jacobson and Warren wayne who are with Pegasus now just left Titan Oil & Gas they are all SELLING TNOG...........why is that?
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=TNOG&symbol=&symbol=&s...
TNOG is verifiably producing only 6 barrels per month with the Stanley unit in Wilson County!
PUMP it Restocker PUMP it, I see you were born today,LOL
Look thru my previous post for verifiable DD about TNOG
http://www.investorshub.com/boards/profile.asp?User=53217
Or any verifiable DD to dispute what I have posted?
Anyone find more verifiable DD other than what I have posted on this tread????
Doc, get the TRRC API well number from Titan and we can all see what the previous production was for these wells.
Or will you just get an excuse why they would not
What are the odds of the original owner giving up the wells even if they only produced a 1/8 of what you think.
Be realistic
Caldwell County Oil production for April 2006 was 73,783 barrels from 3,126 Active wells (2 links below)
That would be an average of 23.6 barrels per well for the County
23.6 X $72.00 = $1,699.20 per well per month
http://crowtf.myphotoalbum.com/view_photo.php?full=1&set_albumName=album08&id=caldwelloil
http://www.rrc.state.tx.us/divisions/og/statistics/wells/ogowlct.pdf
The average Oil well in Caldwell County produced 23.6 barrels of oil in April 2006 per the TRRC. will post verifiable info later
Caldwell County produced 73,783 Barrels of oil in April 2006.
http://crowtf.myphotoalbum.com/view_photo.php?full=1&set_albumName=album08&id=caldwelloil
What happen to the 20 wells in Wilson County per Maupins report?
http://www.titanoilandgas.com/wilsondetail.htm
After the K1 dry well, and the Stanley well only producing 6 barrells per month and Jacobson leaving and selling along with Clayton seems they have to try another Texas County to lure newbies, if the Caldwell County wells were good they would have never been given up.
If some one would like to ask Clayton or Brandon if they will provide the TRRC well number so anyone can follow up on previous production of the wells, he should have no problem doing so...........If not, then you get the picture!
If the link did not work in my previous message, here is the text of that link:
Don't get carried away by Pink Sheets stock scams
By Matt Krantz, USA TODAY
If you've ever gotten an e-mail or fax tipping you off to "a hot stock that will double tomorrow," thought about buying it but passed, you can probably count your blessings.
More times than not, the unsolicited stock pitches are thinly disguised schemes to pump up the price of a stock that trades for a few cents a share — known as a penny stock — so the people hyping the stock can dump their shares to you and move on.
Many of these scams involve stocks that trade on the Pink Sheets, which is an ideal place for such things because it is a nearly unregulated computer network that matches buyers and sellers. As authorities have clamped down on stocks listed on the New York Stock Exchange and the Nasdaq, it has driven more scammers to the Pink Sheets.
MOVING AROUND
Number of Pink Sheets companies moved to the New York Stock Exchange, Nasdaq or American Stock Exchange:
2000 8
2001 19
2002 11
2003 10
2004 14
2005 8
Sources: Pink Sheets
The Securities and Exchange Commission has moved to make things more difficult for people who want to use the Pink Sheets to take advantage of unsuspecting investors. It is seeking out dormant stocks and delisting them. It also requires a public shell company, when it ceases being a shell company through a reverse merger (in which a shell company adopts an existing trading company's identity), to file with the SEC the same information that would be required if it were becoming a public company.
But that has only made people who promote penny stocks on the Pink Sheets more creative, says Hartley Bernstein, publisher of StockPatrol.com, a financial watchdog website.
Much of the responsibility of avoiding these scams is left up to you, the investor. Here's what you can do:
Know where the stock is traded.
To find this, all you need is a stock symbol or company name. Enter the symbol into most financial websites and you can see where the shares trade. If they're listed on the Pink Sheets, the stock symbol will have a "PK" after it. If it does, your defenses should immediately go up.
Securities lawyers, regulators and accountants are highly suspect of stocks that trade on the Pink Sheets. That's because there aren't many legitimate reasons for a clean company to list on the Pink Sheets, says Mike Starr, partner at accounting firm Grant Thornton. Starr says his firm won't touch them as clients. "We don't get involved with companies listed on the Pink Sheets. Frankly, there's too much risk, because there's a reason they're on the Pink Sheets."
For many companies, that reason is the lack of any disclosure requirements. With rare exceptions, these companies don't have to release earnings or annual reports, or reveal if officers and directors are dumping shares. Many Pink Sheets-listed stocks are "shell companies" that exist only on paper and have no assets, employees or products. This month alone the SEC has moved to shut down 15, StockPatrol.com says.
It's unfair to say all Pink Sheets stocks are shady. But the odds are much higher. Small companies do not have to list on the Pink Sheets. If they're willing to put out financial information they could list on the over-the-counter OTC Bulletin Board system, a quotation system that NASD oversees.
Companies that list on the Pink Sheets rarely move on to bigger and better stock markets. Last year, just 14 of the 4,570 Pink Sheets companies trading graduated to the NYSE, Nasdaq or American Stock Exchange, PinkSheets.com says. Meanwhile, 126 Pink Sheets companies were delisted, filed for bankruptcy-court protection or no longer trade, PinkSheets.com says. This year, 151 Pink Sheets stocks have been delisted or no longer trade.
See if there are financial filings.
If a company doesn't disclose financials, you shouldn't invest in it, Bernstein says. It's easy to find out if the company files financial statements by visiting the SEC's website (www.sec.gov). Click on "search for company filings," then "companies & other filers" and then enter the company's name. All the company's filings with the SEC will pop up on your screen. Look for quarterly filings (10-Qs) and annual filings (10-Ks). If these filings aren't there, don't invest in the stock, Bernstein says.
If they are there, take a close look. You might be surprised how flimsy the company really is. Take Vinoble, a company that was pitched in an e-mail Bernstein received in October and is listed on both the Pink Sheets and OTC Bulletin Board. Vinoble underwent several reverse mergers, conducted a 1-for-500 reverse stock split (reducing shares outstanding and increasing the stock's price) and now calls itself a homeland security company. The company's 10-K filing shows it has $38 in cash. Not $38 million or even $38,000. Just $38. Vinoble did not return calls for comment.
Look for more information.
PinkSheets.com operates the infrastructure many brokers use to get quotes on Pink Sheets stocks. It also maintains a public website that reveals all publicly available data regarding the shares. It's a handy and easy-to-use way to see what information, if any, is available.
Simply type the stock symbol into PinkSheets.com and you get the summary page. Here, you'll find the stock price, the stock high, the percentage change and other basics. The site will also list the company's earnings per share, or EPS. If those pieces of data aren't there, that means the company has not reported any financial information.
An even closer look can reveal other red flags. Under the "Company Notes" item, you can tell if the company has changed names. Typically, a name change means it was formed in a "reverse merger," which is a tactic some companies use to avoid regulatory scrutiny. Using this legal tactic, penny-stock operators keep morphing their "companies" into new entities with mergers so they have a new story to sell their stock.
So next time you think about investing in that sure-fire nanotechnology or alternative energy stock listed on the Pink Sheets, stop and follow the steps above. You might get cooled off fast. "A lot of those companies are hyping what they are and who they are," Starr says. "I refer to them as wannabes."
Who says they are going from pink to the OTC:BB ?
http://www.usatoday.com/money/perfi/general/2005-11-10-pink-sheets-mym_x.htm
UPDATE.. The Titan Stanley unit in Kosciusko has reported to the State of Texas that it produced 6 barrels of oil for April 2006
No oil or gas for the K1 well........
You savvy folks now how to find that info, right?
If you need help just ask.
Crows flying to Bastrop (Paige TX)
The Bastrop well coordinates are:
97.1389
30.1332
The specific well ID per the Texas Railroad Commission is:
021-30581
I will be flying to take pictures as soon as they announce that the rig is on the well site! On the way back we will loop over to Kosciusko to take pictures of the K1 and Stanley wells too.
Who would like to go with us (room for 2 more)?
Who wishes we did not go?
Who thinks the pictures will be fake?
Who knows the whereabouts of BMAZ and Bubby?
This is an open board to discuss TNOG and no agenda or reason is required.
Now back to TNOG, what do you have to discuss?
Now why does TNOG only get 14.9% of royalties after expenses if they were to hit oil in Bastrop?
I challenge anyone to go back and look at all the TNOG Prs and post verifiably what has come true! In reference to making money!
I have been posting verifiable DD since Titan change from Titan Consolidated to Titan Oil & Gas.
If you would have comprehended my verifiable DD instead of following the hype you would not be in the position that you are in now!
I guess you would like for me to quit providing verifiable DD so the touts can lure in newbies and the old bagholders can pass on the bag!
Why are you here?
Why try to put me on the spot?
1) Titan is responsible for no oil with the K1 well.
2) Clayton is the paid tout that said it was going to .08 and many that believed him are now Bagholders! (see his insider sell?
3) Jacobson left for some reason! Why did he leave? If TNOG were good I would think that he would have stayed around?( see his form 144 for selling!
4) Why do you pick on the messenger (me) is it because of my verifiable DD that you want others to ignore?
5) What Verifiable DD that I have posted about TNOG in the past is not true, and please verify. Bet ya can't!
6) Where is the High Volume pump they said they were going to install on the Statnley well last November?
7) Titan only gets 14.9% Of the pie if they hit any oil in Bastrop! Why is that?
8)ROFLMAO
Doc ignores the truth..He has been put on the spot by me every time he tried me in the past!
Like the saying is:
If you can't stand the heat, stay out of the kitchen.
Try providing verifiable DD that what I have posted in the past is not true! I have even challenged Titan and Clayton to prove me wrong for over a year now and they will not step up to the plate.......Why is that?
They can't getter done like I do, and you can't either.....
BTW Slojon, you wanna fly with me and my neighbor when we visit the Bastrop well?
Jet? who said Jet?
Cessna is the plane, one proper..
Parachutes are extra.
BTW, The 747 was booked,
ROFLMAO
The plane is fueled and ready to fly over the Bastrop well.
The neighbor is ready to go. He got his Private Pilots licensed a few months ago and he is ready to fly me so he can get more hours. It's just 90 miles from here and we also will loop back to Kosuisko and take pictures from the air of the K1 and Stanley wells.
Anyone want to go with us?
I wonder if Clayton S & Kent J have an agreement on who gets to sell on what day?
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=TNOG&symbol=&symbol=&s...
Follow Gold-Oil here;
http://www.nymex.com/index.aspx
Where is?
The pipeline for the K1 disposal well
The High Volume Pump for the Stanley well
The backhoe looking for below
The Bastrop well head
.08 that Clayton said
These are just a few of "Where is" that all are waiting for