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216x $110 = $23760 current revenues again with outdated technology and old pumps.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