Oil and Gas Main (fka OGM)

[dr_silkworth2002]

wave, they are working thru JV's and cooperative relationships to fund the projects they have going. They are currently setting up to reenter 3 wells in Bastrop County with a JV. They will be starting a program in Caldwell County with another JV to reenter 14 wells. They also have another agreement with another JV which has been PR'd but is going thru a quiet period of 60 days. They will announce the details of this venture shortly after july 11th. that is when the 60 days are up.

currently, they are not pumping hardly any oil. less than 10 barrels a month. if they get a few good hits the pps will rise accordingly. Titan is getting a small piece of the pie on some of the arrangements but they don't have to dilute the share structure to get the job done. it is a win win situation for the investor IF they strike some oil.

hope that helps...

doc