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Re: capital gain post# 1239

Sunday, 06/19/2005 6:55:35 PM

Sunday, June 19, 2005 6:55:35 PM

Post# of 33129
hi capital gain: yes, qcjaguars, on the RB board, recently spoke with Midway management. Here's his posting, enjoy:

http://ragingbull.lycos.com/mboard/boards.cgi?board=TNOG&read=28587

A MUST READ on Midway Pipeline
I finally broke down and called Midway Pipeline and spoke with Ray. WOW! Another situation where I want to ask a couple questions and I hit the jackpot. Ok first first off Midway was used because they have an existing pipeline close to our wells. I am going to be honest, Ray gave up so much technical information there is noway I could remember it all and frankly I didn't understand some of it. What I am try to do is let you know the important points he made.

He did indeed confirm the pipeline is being built at Midway's cost of $75,000. And he chuckled and said "if I didnt' think it was worth it I never would have gotten involved." He said he was sorry but wouldn't speculate as to how much Titan would make but did say that yes Midway would be paying Titan for the gas produced. He was talking about nitrogen and C0/2 content which I was clueless about. But he used those terms describing what was going to take place to get the gas to a plant to be turned into gas to be put on the market.

I asked him what he saw at the sight and was it all good? He talked about the high pressure coming from the well and said something about he was there and saw the gauge. Frankly I didn't know what he was talking about. I said "the high pressure you saw, is that good?" He said. "that's REAL good." He said he had worked for Gulf Energy for many years and now owns this business.

I asked him if he was familiar with the wells in that area. He said that they were "good wells." I cannot remember exact words but again he said he was there and saw the high pressure coming from the well.

He matter of factly said something about Titan moving right along and not wasting time. And that he saw they would probably have one of the wells pumping and producing tomorrow.

He also talked about them drilling again in July which is totally consistent with what we were led to believe and what my friend Dan had said.

He also said in exact words "between you, me, and the fencepost (I dont know why he was saying this like it was a secret) there's no telling what they are going to find when they drill into the Edwards Lime." I was like yeahhhhhhhhhhhhhhhhh!!!! I said 'yeah I'm familiar with that. That could be the motherload." he said, "well I won't mislead you but i will say there is no telling what they'll find when they start drilling there." There was absolutely, positively, no doubt whatsover in my mind from the excitement in his voice that he believes there might be something substantial in the Edwards lime. And I said "yeah that'd be great huh." He chuckled and said "yeah that'd be good for me too."

I thanked him very much and he said "call me anytime." Folks it just keeps getting better. I wish I could tell you word for word what he said. This was a bigtime call! I thought the Texas Railroad Commission was big and the Wilson County Clerk but folks this is a guy onsight that has seen what's happening and HE is excited abut what's going on. He also said if I needed more information "I'm sure Pete Maupin would be happy to talk with you." I told him I was really trying not to bother him. He said Pete was a good guy and knew what he was doing. he too spoke highly of him. YEAH BABY!!!! WHOOOO HOOOOOOOO!!! YEHAWWWWWW!!!! WHOOO HOOOOOOOOOOO

Then, in a follow up posting:

Addition to Midway Pipeline convo
Ray stated he believed HIS PART should be complete in approximately 10 days. He wasn't sure from the company standpoint how far away THEY were BUT the pipeline should be done in 10 days.