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I have 600 000 shares of this one. Who know's!!!
Some update From Novak Capital on the 30th of March:
Hello Titanites!
In an effort to bring stakeholders, whomever they might be, the most current information about Titan Oil and Gas (TNOG) we have elected to begin a managerial forum. Information is critical to our markets whether that information is press release worthy or not. That is why we have chosen this arena to communicate procedural and operational details that are nonetheless important company perspectives.
The TNOG Management Forum will not simply rest on a one-way communication model. We believe that having a dialog with interested parties is the best way to answer concerns of all interested parties. This means that if you have questions, no matter how tough, we will seek to provide you with the most thorough answers possible.
Of course there will always be certain pieces of information that cannot be released because of regulatory or competitive concerns, but these shouldn't provide cover for a sincere management team. Our pledge to you is to make available all the information that we can provide in order for you to make the best investment decision for your unique situation.
As of late the New Management of TNOG has taken a number of steps on the road to turning around the company. The first step was bringing together a task force to sort through the company's share structure and corporate debt. We are still in the midst of this process and have found a number of positives. Not least of which is the non- deducted debt that the company has carried on its books. This debt is quite attractive to companies that need to offset profits to minimize their taxes. This is to say nothing of the assets that the company carries on its books.
Clearly we face challenges at TNOG. What is important though is that these are challenges that are being met and overcome. While we can never know what the future holds, we can say that we feel that we are moving in the right direction in order to increase value for all of us who have invested in Titan Oil and Gas.
Posts: 35 | From: montréal | Registered: Jan 2007
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Today's Clayton's Corner consists of an open letter about TNOG as well as a number of stock picks,
Titan Oil and Gas: The Way Forward
I would like to take this opportunity to discuss Titan Oil and Gas. Foremost is that you should know the level of devotion my associates and I have to TNOG and its shareholders. We remain committed to making TNOG the company we were all promised when we first encountered the company. While the previous management's ambition may have exceeded its grasp, we have seen that with the right care and the right people the company's potential can be fulfilled.
Taking a moment to reflect on where TNOG has come from, we can show you where we plan to take it in the future. The history of the company has been a rough one, until now. Changes in management, dilution issues, insider problems etc. have characterized the issues Titan Oil and Gas has had to face. My personal experience with the company dates back to 2005 when we first approached the company and organized a way to improve market awareness and raise capital for further development.
Insofar as our involvement is concerned, the chart tells the story. This story as we understood it and communicated it facilitated its extraordinary performance in the marketplace. Eventually though we would be failed by a management team not adequately controlling risk and diluting shares. This was to become the deciding factor that caused TNOG to collapse to a two year low at .0016 on 3/06/07.
But while TNOG may have its challenges, have no doubt that its reconstituted management will work in concert with our team to stand fast in developing both current and future projects. We believe we have proven ourselves trustworthy through our long devotion to TNOG and its shareholders by still being here after the officers and directors abandoned the company.
Since the most recent bottom we have seen a steady increase in share price. TNOG saw 20% in gains hitting .003 for the first time in 3 months this past Friday. These gains have been based solely on investor reaction to our combined devotion to this undertaking. In the past the TNOG's share price had a successful run from .001 to .059 with a near same capital structure. This bodes well for our continued success now that the previous managements ill-conceived efforts have been left behind.
At this point we are focused on one thing and that is restoring value to the stock. Please feel free to contact myself or the company's Investor Relations Associate, Amie Jacobs, at any time. We believe we are entering a new era as we move into the coming weeks and months. The TNOG team will be looking forward to sharing results that will reward your confidence.
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Titan Oil and Gas, Inc. -- Production Phase Commences After Settlement Reached Monday April 23, 9:00 am ET
With Its Settlement Reached, Titan Oil and Gas Enters Into Its Second Phase of Reorganization With a Focus on Broadening and Increasing Production
SAN ANTONIO, TX--(MARKET WIRE)--Apr 23, 2007 -- Titan Oil and Gas, Inc. (Other OTC:TNOG.PK - News) has negotiated its settlement with RR Ventures, d.b.a. Bulldog Well Service. The arrangement was made as part of the management team's multi-phase reorganization plan. "This is an integral step in getting Titan back on track to becoming the company that investors had envisioned. Now we can get on with actual oil and gas production," according to company Vice President Brandon Toth. The payments to Bulldog Well Service will be a combination of cash and restricted stock. The cash component of the settlement will come from the sale of oil and gas from both producing wells and current wells about to go online.
The settlement was reached in an out of court agreement between the two companies after suit had been filed in the 81st Texas Judicial District Court. Both Titan Oil and Gas and Kent Jacobson were named in the suit. While Mr. Jacobson was part of the suit, Titan Oil and Gas management has chosen to sever their ties and make restitution without incurring further complications. "Rather than belaboring the point, we thought this step was important so that Titan could move forward," company president John Marconette stated, when asked to reflect on the agreement.
With the agreement, both management and the company's newly empanelled advisory team came to consensus as to the importance of this part of the first phase. Bulldog Well Service has shown a demonstrable amount of confidence in Titan Oil and Gas' ability to achieve projected production by the terms of the agreement. This agreement also brings to a close the first part of the phased turnaround framework, leading to production as the focus in the management's second phase. Updates will be forthcoming regarding actual production numbers.
ABOUT TITAN OIL AND GAS, INC.
Titan is an energy company with interests in oil and gas development, drilling and production. Titan follows a conservative business model, focusing on redevelopment of oil and gas fields with a history of production, and also, exploration and development of new properties.
Posts: 52 | Registered: Apr 2007
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