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TNOG -- Titan Oil and Gas, Inc. Com ($0.0001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Titan Oil and Gas, Inc.: Titan Oil and Gas, Inc. Target Formation Reached
SAN ANTONIO, TX, Nov 01, 2005 (M2 PRESSWIRE via COMTEX) -- Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to announce that Koskiusko # 1 Well drilling has now entered the top part of the Austin Chalk formation. Titan CEO Kent Jacobson reports: We expect to encounter our main target zone in the next few days. We may, however, encounter oil-and-gas-bearing fractures at any time prior to reaching the predetermined target zone. We will update 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 follows a conservative business model, redeveloping oil and gas fields with a history of production, while expanding into exploration and development of new properties.
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Titan Oil and Gas, Inc.-Titan Completes Drilling on Kosciusko # 1 Well Wednesday November 9, 7:07 pm ET
SAN ANTONIO--(BUSINESS WIRE)--Nov. 9, 2005--Titan Oil and Gas, Inc. (TNOG:OTC) has received a report from the manager of our drilling operations at the Kosciusko # 1 Well.
Titan Petroleum Engineer and Operations Manager Pete Maupin reports, "We have achieved our target depth, and we are now completing the well."
ADVERTISEMENT Titan CEO Kent Jacobson comments, "In all areas of the Austin Chalk formation, the most important consideration is finding a highly fractured area.
"There are 3 main indicators that this objective has been achieved. Firstly, the drilling rate has sharply increased for the last 35 feet, indicating that drilling has entered the fractured area. Secondly, there has been a rapid drop in volume in the drilling mud, also indicating that we are in the fractured area. Thirdly, though the drilling mud has been of a sufficient weight to prevent a blowout, the returns of the drilling mud are studied carefully. There has been evidence of oil and gas 'shows' in the mud returns. All of these factors, taken together, have led us to complete the well at a depth of 7,325 feet."
Maupin adds, "We are scheduled to test the well tomorrow afternoon, in order to bring it into production as soon as possible."
About Titan Oil and Gas, Inc. - Titan is an energy company engaged in oil and gas development, drilling and production. 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.
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Can someone tell me what happened to TTCS? Was there a R/S with a symbol change or did it run up to it's current price?
I like what I'm seeing here, but I need to know what happened with the other company. Same CEO and same IR guy.
Also, It says on the TNOG site that they can only yield about 30 barrels a day from these used wells. How is this going to make the company money? That's only $500K a year or so.
What am I missing?
-------------------- "Please note that every week from now until the end of time is a 'coming week.' "
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Im reading it right here on the site and it states" a minimum of 2 million barrels of recoverable oil and 4 million mcf of natural gas? I dont know what you read,but i think it must have been something else. This is the #1 well. doing the math at 2 million barrels at $58.00 average cost,thats a ton of money.
quote:Originally posted by iwearpro: Im reading it right here on the site and it states" a minimum of 2 million barrels of recoverable oil and 4 million mcf of natural gas? I dont know what you read,but i think it must have been something else. This is the #1 well. doing the math at 2 million barrels at $58.00 average cost,thats a ton of money.
I went to the site and clicked on About Us and read the article there, the final paragraph states that new wells can initially produce 25-30 barrels a day and untapped wells can get initially 100 a day. Based on the 30 bpd figure, it would take 182 years to tap out the well and would produce under $650K per year at $58/barrel.
I may just be reading it wrong, someone else take a look.
And thanks for the info on the no R/S, that's good news!
-------------------- "Please note that every week from now until the end of time is a 'coming week.' "
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Don't know what happened today either. I expected a higher run today. Oh well, maybe it will pick up tomorrow. May have to wait until news comes out about flow rate and quailty to see a quick and high run.
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Wall Street News Alert: U.S. Hot Stock Highlights! November 11, 2005 11/11/05
Weston, FLA., Nov 11, 2005 (M2 PRESSWIRE via COMTEX) -- Wall Street News Alert's "stocks to watch" this morning are: The YaSheng Group (OTC: YHGG), Sun Microsystems, Inc. (NASDAQ: SUNW), Titan Oil and Gas, Inc. (OTC: TNOG), Diamond Offshore Drilling, Inc. (NYSE: DO) and Generex Biotechnology Corporation (NASDAQ: GNBT).
Once again, The YaSheng Group (OTC: YHGG) may be appearing on the radar screen of aggressive investors and day traders this morning! Yesterday, the company issued a press release announcing that it has plans to produce 500,000 tons of Methanol annually.
The news of the planned production could be well received by investors, as the press release states that this key project is considered a high priority for the Government of Gansu Province which has been awarded to the YaSheng Group!
Continue to watch this company! According to the company's press release, this project has received strong financial and political support by the Chinese government in the pursuit of alternative energy. The total investment for this project is approximately $224 million USD, among which $67 million USD is expected to be invested by the YaSheng Group, with the remaining investment to be contributed by the Gansu Province of the PRC.
Investors should continue to monitor the progress of The YaSheng Group for further developments! Methanol is a chemical compound that is utilized as a raw material for the chemical industry, fuel, solvent and antifreeze. The YaSheng Group's production plans of Methanol is expected to address China's growing concern over its energy sources and supplies. The company states that it has established working agreements with China National Petroleum Corporation to supply 300 million cubic meters gas and with Jiuquan Steel Company to supply 1.4 billion cubic meters of liquid gas for this project.
For updated in-depth coverage and a company profile of The YaSheng Group, visit http://www.backissuesofnewsalerts.us/YHGG1110.html Prior to yesterday's press release, the stock closed at $2.74 a share.
According to the company: The YaSheng Group is a diversified industrial conglomerate incorporated in Redwood City, California, which operates in hi-tech agriculture, salt chemistry and biological technology as its core business with advantages in rich land, mineral resources, capital and technology reserves. Through its 136 subsidiaries, the company operating categories include: chemical engineering, agricultural production, biotech, pharmaceuticals, textile products, printing and dyeing, commercial trading, beverages and inorganic salt manufacturing. With total assets of approximately $1.5 billion USD and over 15,000 employees, YaSheng Group has 155,097,355 shares issued and outstanding as of December 1, 2004.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Sun Microsystems, Inc. (NASDAQ: SUNW) down 2.6% on 71 million shares traded, Titan Oil and Gas, Inc. (OTC: TNOG) up 16.6% on 19.6 million shares traded, Diamond Offshore Drilling, Inc. (NYSE: DO) down 5.9% on 2.9 million shares traded and Generex Biotechnology Corporation (NASDAQ: GNBT) down 13.8% on 7.3 million shares traded.
Commentary: "The Commerce Department reported yesterday that September's trade deficit was a record $66.1 billion, 11.4 percent higher than August and much worse than economists had been forecasting," Stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.***********************
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Uptrend to .0154 and rising. Finally broke that .015 ceiling. Hope to see it close at .018 to.02 today. Higher it goes before the news the better.
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