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Titan Oil and Gas, Inc.-Bastrop Project Update
SAN ANTONIO, TEXAS, Jun 21, 2006 (MARKET WIRE via COMTEX) -- Titan Oil and Gas, Inc. (TNOG: PK) is pleased to announce that the Bastrop County Project is nearing completion. A backhoe had earlier been sent to the site to dig up the existing well casing. An additional section of casing was welded on, in order to be ready for the arrival of the workover rig.
The rig is now in the immediate vicinity of our Bastrop County wells, where it is completing another assignment. The operator informs us that we are next in line, once it is released from its current task.
Once the rig arrives, the initial procedure will be a swab test. Based on the results, the operator will determine the completion techniques to be used. These processes may include acidization and fracturing, as per the recommendations in the In-Depth Bastrop County Report, prepared by Titan's Petroleum Engineer, Peter R. Maupin, and posted at the company's web site. Please visit: www.titanoilandgas.com/future.htm to view the full report Titan CEO John Haylock remarks: "We are looking forward to the conclusion of this project, and hope for great results in keeping with the in-depth analysis prepared by our Petroleum Engineer, Peter Maupin."
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.
Posts: 108 | From: Montreal, Quebec, Canada | Registered: Jun 2005
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