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Tuesday, May 15, 2007 7:56:15 AM
Titan announced the sale of oil on their website. Now that TNOG & JV partners are producing and selling oil, the mantra has shifted from "TNOG is not producing anything" to "It is not Exxon."
No, Titan is not an Oil Major, but with sound management and a little luck, they could be a consistent oil supplier (so Kro need not split hairs over producer). At north of $62 per barrel and retail gasoline at record levels ahead of the summer driving season, there is a demand for every barrel that Titan & Partners can supply from any or all of their leased properties.
One thing Kro and I agree upon -- do your own DD and gauge your own risk level -- Good Luck in the Oil Patch!
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