Oil and Gas Plays

[LowFloatGoat]

Titan Oil and Gas, Inc.-Shareholder Update on Oil and Gas Operations
Wednesday November 30, 10:30 am ET


SAN ANTONIO--(BUSINESS WIRE)--Nov. 30, 2005--The Management of Titan Oil and Gas, Inc. (TNOG:OTC) would like to take this opportunity to update our shareholders on current developments and prospects for our oil and gas operations.

We remain committed to building value for our shareholders who have loyally supported us. We estimate that we now have in excess of 8,000 shareholders. A recent NOBO List (Non-Objecting Beneficial Owners) showed more than 7,400 shareholders, and, undoubtedly, there are many more who will not appear on this list.

As previously announced, work is underway to commence high-volume pumping on the Stanley # 1 Well in Wilson County, in conjunction with a water disposal system to allow the well to be produced at a high volume. The Stanley # 1 Well produced in excess of 1,000 barrels of oil in one month earlier this year, and has a past production history of appx. 28,000 barrels of oil, along with substantial amounts of gas.

A high-volume turbine submersible pump has been ordered, and the permit process is underway to commence work on the target water injection well. We hope to have all of the work concluded and have this well in production within the coming month.

We are arranging the transportation of tanks from the Kosciusko location to be used in developing our first target well on the Bastrop County lease. Titan currently has over 250 acres under lease in Bastrop County, with an additional 350 acres that are also available in order to initiate new drilling operations.

Titan's initial drilling target in Bastrop County is a re-completion of a well with an initial production history of appx. 170 barrels of oil and 178 mcf of gas per day. Titan's Petroleum Engineer, Pete Maupin, wants to utilize a process to renew production that has been successfully used in the area many times in the past, but that was not applied to this well.

If test results are as expected, with the current 250 acres under lease there are a further 5 opportunities for wells to be drilled in this field - 1 re-completion of an existing well bore, and 4 opportunities for new wells to be drilled from the surface. If we proceed to lease the remaining 350 acres, we will have 6 further opportunities for new wells to be drilled from the surface. We will be issuing a Bastrop County Report to shareholders similar to the report that was prepared for Wilson County.

In addition to the foregoing, we plan to undertake horizontal drilling on the Stanley #1 B Well in Wilson County as quickly as possible. This well originally produced over 30,000 barrels of oil and a substantial quantity of gas as a vertical well. The Stanley # 1 B Well has a large, 5 1/2" diameter casing to more easily facilitate re-completion by horizontal drilling than smaller well bores generally found in the area.

Our management team has decided to fully exploit the value of our oil and gas properties at a more rapid pace by means of joint ventures. We have had good progress thus far in discussions with interested parties and will update our shareholders on developments as they occur.

About Titan Oil and Gas, Inc. - Titan is an energy company engaged in oil and gas development, drilling and production. Titan holds a majority working interest in all of its current and prospective wells. 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 - News)



Contact:
Titan Oil and Gas, Inc.
Investor Hotline
[phone] or Toll Free: 1-888-601-9983
[e-mail]
www.titanoilandgas.com