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investorguy

07/09/08 3:40 PM

#14922 RE: deafchild #14920

Sounds pretty close for whats current.

2x4x27wells= 216 bbl a month with little to no operational cost.

216x $110 = $23760 current revenues again with outdated technology and old pumps.

That could increase 8 fold with about $5,000 to update each well. Plus the other 34 wells that are not producing right now.


"Titan Oil and Gas has made a major acquisition in an area of proven production in Western Pennsylvania. The Crows Run Project (CRP), referred to as the Tevebaugh Field in a number of the enclosed documents, represents a significant move for the company as it contains 27 crude oil producing wells that will be contributing cash to Titan Oil and Gas’ bottom line."