TITAN OIL & GAS (OTC:TNOG)
Industry: Financial

Listed 56 Consecutive Market Days. On List as of 06/28/2005 Through 09/16/2005

Titan Oil and Gas, Inc., formerly Titan Consolidated, Inc., 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. In the Wilson County Project, the Company has almost 500 acres under lease approximately 160 acres in the Stanley Lease and 160 acres in the Kosciusko Lease, as well as off-setting leases in the immediate area comprising the balance of the acreage. On May 3, 2005, the Company entered into an oil and gas operating agreement with Aquatic Cellulose International Corp. 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 during the year ended December 31, 2005. On March 10, 2005, Titan completed the work on its Stanley # 1 well in Wilson County, Texas. A high-volume turbine submersible pump has been ordered, and the permit process is underway to commence work on the target water injection well. Kosciusko #1 Well is averaging approximately 50 barrels of oil per day. Titan is constructing a gas pipeline at its Kosciusko # 1 Well. The new gas pipeline will be approximately 3,200 feet long, allowing the Company to connect to the new four-mile gas pipeline from Midway Pipeline, Inc., which was undertaken to accommodate anticipated gas production from its operations on the Wilson County properties. The pipeline is two inches in diameter and approximately 3,200 feet in length. Titan's Central Texas Project, with a substantial land block, is leased in Bastrop County in preparation for drilling. Titan's initial drilling target is a re-completion of a well with initial production tests of between 123 and 170 barrels of oil per day, and between 84 and 178 thousand cubic feet of gas per day, without stimulation. The Company is arranging the transportation of tanks from the Kosciusko location to be used in developing its first target well on the Bastrop County lease. Titan 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.

Current Quote*
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As Of: 10/07 00:00 ET
*Quotes delayed by 20min.

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