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.
Load up if you can... imo the rigs are on site by this weekend and will commence flow testing next week... watch... the news today was a peak at what is already coming down.
Funny, the timing of the news was as the rest of their news releases... 10:30 +/- right on time.
So far always an hour after market opens they come out with a PR...
They might not have a PR tomorrow but think by Tuesday they will again, but it will be after the fact release... like the flow testing has already begun.... stuff.
The rig does not take long to set up and could be out in less than a day.
Stanley #1B Well has already flowed before... so with the new pump... revenues start coming in... oil flow means money is flowing in.
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