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Anybody got a clue why TNOG would be up two days in a row off of news that they have been added to the short list?
I don't get that. I'm watching this one as they were trading quite a bit higher before the last well came up dry. I think they will jump on good news. GOOD news I said. This I don't get.
The Bigfoot
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Titan Oil and Gas, Inc.-Operations Update Friday February 3, 11:35 am ET
SAN ANTONIO--(BUSINESS WIRE)--Feb. 3, 2006--Titan Oil and Gas, Inc. (TNOG:PK) is pleased to provide an operations update to our shareholders. We had previously announced our intention to use an existing well for water disposal in our high-volume, submersible jet pumping program to re-activate the Stanley # 1 Well. Upon careful study of the well bores in our lease block, we have identified a better candidate for fluid injection.
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We feel that the Cellmar # 1 Well, located in the Stanley lease block in Wilson County, Texas, has much greater absorption potential to handle the high volumes of fluid we expect as we re-activate the Stanley # 1 Well by means of high-volume submersible jet pumping. In light of our findings in this study, we have ordered a rig to the site to prepare the Cellmar # 1 Well for fluid injection.
A special high-volume submersible jet pump for the Stanley # 1 Well is currently being constructed to meet our exact specifications. The pump must be able to handle extremely high volumes of fluid, anticipated to be in excess of 800 barrels per day.
The Stanley # 1 Well produced in excess of 1,000 barrels of oil in one month last year, and we shut it in at that time while awaiting a more efficient and cost-effective manner in which to resume production. The well has a strong production history, with appx. 28,000 barrels of oil and substantial amounts of gas having been produced in the past.
We feel that utilizing the Cellmar # 1 Well for fluid injection will allow us to bring the Stanley # 1 Well back into production at the highest potential volumes and in the most cost-effective manner possible.
Lastly, the Company intends to proceed with an exciting new initiative in the near future. We look forward to being able to announce specific details to our shareholders in upcoming weeks.
About Titan Oil and Gas, Inc. - Titan 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. 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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Been holding this one for a long time. I sold some when it went up but kept some. It would be nice if it went back up again. Novak said Titan would have news soon.
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guys you want some green this is the place get in below .005 and watch it get near .05 again it has happened once each year. first .001 to .04 and last year i got in at .0009 and rode it to a smidge over .05 imagine putting a thousand in and letting it sit.
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I have to agree with you master. It is sometimes a roller coaster ride, but I've seen results with this stock. I do believe everyone is holding steady and waiting for any new results, hopefully in the next pr. I don't think it'll go down below .005 though, unless the news is bad.
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