Titan Oil and Gas, Inc.-Titan Hits High Pressure Zone in Kosciusko Drilling
SAN ANTONIO--(BUSINESS WIRE)--Oct. 3, 2005--
Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to provide
an update on its Kosciusko # 1 Well drilling operations.
Titan Operations Manager Pete Maupin reports from the site: "Work
continues on the well. We are experiencing high pressure flow right
now which we will attempt to control with 2 loads of heavy brine being
trucked in from Alice, Texas."
Maupin further comments: "High pressure is generally a good sign
in a formation as it can signify high potential production rates."
Titan CEO Kent Jacobson remarks: "We are happy to encounter high
pressures as drilling operations continue. Mr. Maupin's observation on
the significance of this will be of interest to our shareholders. We
will continue to issue updates as operations progress toward
conclusion."
About Titan Oil and Gas, Inc. - Titan is an energy company engaged
in oil and gas development, drilling and production. 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.
Titan Oil and Gas, Inc. (PINK SHEETS:TNOG)
KEYWORD: NORTH AMERICA NEW YORK TEXAS UNITED STATES CANADA
INDUSTRY KEYWORD: ENERGY OIL/GAS
SOURCE: Titan Oil and Gas, Inc.
CONTACT INFORMATION:
Titan Oil and Gas, Inc.
Investor Hotline
(503) 618-0370 or Toll Free: 1-888-601-9983
info@titanoilandgas.com
www.titanoilandgas.com
