My focus is on the potential of Titan Oil (or any oil and gas play with secure leases and a degree of oil field expertise). This is the era of "Post-Peak Cheap Oil" which I take to mean that we have passed the time when easily accessible oil can be pumped and distributed for $10 per barrel. In a world that uses @84 million barrels a DAY (U.S. consuming @20 million barrels), control of oil production resources looks to be a solid long-term investment. Already production fields such as the North Sea are in decline and the British government acknowledges that they may swing from net exporter to importer within 10 years. This is one of the reasons that Oil is spot market priced on the NYMEX at $73.85 this morning.
From that perspective, the new management at Titan has taken an aggressive approach to acquiring new leases. From the latest financial reporting, we know that Titan is thinly capitalized, so they move forward carefully. The conservative pace of the Bastrop and Caldwell activity reflects that. If they can ramp up production to 200-300 barrels per day from each of the three properties, the pps will rise. The next three months are a critical period for Titan.
Again, oil exploration is a risk-based investment. There is plenty of information out there, so research and make your own decisions based on all the facts.
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