Titan Oil and Gas, Inc.-Good Initial Flow Results on Kosciusko # 1 Well Thursday June 9, 10:30 am ET
SAN ANTONIO--(BUSINESS WIRE)--June 9, 2005--Titan Oil and Gas, Inc. (TNOG:OTC) reports good initial results on commencement of flowing the Kosciusko # 1 Well. Titan CEO Kent Jacobson reports: "A rig arrived on site and we began flowing the well. We experienced both good flow and escalating pressure. Based on these results, we are ordering larger capacity oil tanks to handle the expected volume of production, and expect these to arrive on site shortly."
Jacobson further comments: "We are extremely pleased with the initial flow results on Kosciusko # 1. We will have the larger tanks in place as soon as possible to begin full production on this well."
Update on Stanley # 1B Well: When the rig was on-site hooking up the pump, our tests indicated a possible bad tubing joint. We have called in a larger rig to pull out the tubing so we may inspect and replace any affected area. We anticipate this to be a simple one-day repair, at which time we can begin production.
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.
Titan Oil and Gas, Inc. (PINK SHEETS:TNOG - News)
-------------------------------------------------------------------------------- Contact: Titan Oil and Gas, Inc. Investor Hotline (503) 618-0370 or Toll Free: 1-888-601-9983 info@titanoilandgas.com www.titanoilandgas.com
-------------------------------------------------------------------------------- Source: Titan Oil and Gas, Inc.
Posted by realityinc21 on :
Finally starting to move. Posted by realityinc21 on :
This just is't getting the attention I thought it would today......
News as of today VERY GOOD! “Titan Oil and Gas, Inc.-Good Initial Flow Results on Kosciusko # 1 Well” Production numbers will be coming very soon so be ready. Management and the IR team are heading down to the property today for a week. Expected many pictures and first hand report from the IR while in TX. Points to remember: 3 wells under way with two very promising and the first already generated cash flow. Other wells are already pin pointed and ready to be drilled. The company is nearly debt free and should be oil producing and debt free company by next month. The accounting is being worked on with auditors for a listing on the OTC. They are going to be doing the operating for Valor Energy and should see several joint ventures be produced this year. They are looking at new properties in Texas over the next week and are meeting with the VE team and foreign investors. Midway Pipeline has agreed to build a 4-mile gas pipe for the expected resources, which is more then, a sign of faith.
I think people wanted to see numbers. They won't release numbers until they start pumping oil at the maximum pressure. I bet we climb until then. Then boom!
Posted by bigthc1 on :
Taking off!
Posted by realityinc21 on :
Well finally Posted by realityinc21 on :
I just want .03 lol
Posted by realityinc21 on :
I just might get it!! Posted by realityinc21 on :
I am still just wanting .03..lol
Posted by realityinc21 on :
nice end run.............
Posted by realityinc21 on :
I kinda combined my opinion and others from other message boards with DD. Might be a nice DAY TRADE/SWING.
TNOG
Chart INFO:
TNOG chart broke ascending triangle Friday, which is a triangle made from previous runs high of .0214 and previous low at .0142 Since we broke that triangle we broke away from consolidation and are now ready to test new highs. If you look on the 6th month chart you see next resistance was .0245 (high from late April) Then all the way back to October to see next resistance of .031 (which was not much) and then back to late September to see last resistance of .045. If these any of these are broken we go to the next level higher if all are broken we scream up lol, but .045 would be sweet for a stock without any big news right now. Also we see a MACD uptrend here and a RSI going to 70+ which is very bullish. Here is the chart:
Our system posted a HOLD today. The previous BUY recommendation that was confirmed was made on 06.09.2005 (3) days ago, when the stock price was 0.0189. Since then TNOG has gained 32.28% .
Have you bought this stock when the recent BUY signal was confirmed? If so, it is great. Just relax and wait.
What will you do now? Well, the HOLD tag says all that is to say. Keep on holding your stocks and do not bother yourself with any further buying or selling as long as the HOLD tag stays.
[MOTTO OF THE DAY] Buying is easy but holding is hard The winner is who holds them tight
Today a Long White Candlestick was formed. This shows that the prices advanced significantly from open to close during the day under strong buying pressure.
I expect to see a test above .03 by Mon/Tues of next week. We've had great volume lately and continued upward movement in spite of no GREAT news yet. Have patience and those PR's WILL come. Love the fact that Bigger tanks will be setup for the actual flow test....can't wait for the results. Don't let the temporary drop in oil futures Fool you - oil will be in a continuous climb due to demand pressures worldwide. JMHO
Outstanding Shares Est. Issued Outstanding: 660m Est. Float: 320m Est. Authorized: 750m Est. Restricted: 340m
News as of today VERY GOOD! “Titan Oil and Gas, Inc.-Good Initial Flow Results on Kosciusko # 1 Well” Production numbers will be coming very soon so be ready. Management and the IR team are heading down to the property today for a week. Expected many pictures and first hand report from the IR while in TX. Points to remember: 3 wells under way with two very promising and the first already generated cash flow. Other wells are already pin pointed and ready to be drilled. The company is nearly debt free and should be oil producing and debt free company by next month. The accounting is being worked on with auditors for a listing on the OTC. They are going to be doing the operating for Valor Energy and should see several joint ventures be produced this year. They are looking at new properties in Texas over the next week and are meeting with the VE team and foreign investors. Midway Pipeline has agreed to build a 4-mile gas pipe for the expected resources, which is more then, a sign of faith.
Genoil is pleased to announce that Mr. Robert B. Fields a New York City based financier has been appointed to its Board of Directors. Mr. Fields is currently the Chairman of ActForex Inc, a global management service provider whose foreign exchange trading software is used by its clients/licensees to trade billions USD monthly. Mr. Fields also currently sits as a Director of Statmon Technologies Inc. (STCA.OB) of Los Angeles, CA.
Mr. Fields is an entrepreneur with diverse experience ranging from key senior management positions and directorships with major corporations, to independent engagements in the fields of management consulting, investment banking, mergers, asset management and dispositions.
Prior to being Chairman of ActForex, Mr. Fields was Executive Advisor to Laidlaw Global Corp. (AMEX) from 1999 to 2002 and Vice Chairman and a director of Laidlaw Ship Funding Ltd. from 1997 to 1999. From 1995 to 1998 he was a director of Hospital Staffing Services, Inc. (NYSE). Prior to that he served as President and CEO of L'Express Inc., a New Orleans based interstate regional airline, EVP of American Finance Group in Boston, and as a director of Flight International Group of Newport News, Virginia. Additionally, Mr. Fields has held key positions with, and provided asset and management consulting to major U.S. corporations that included Allied Signal/Henley Group (Honeywell), W.R. Grace & Co., General Electric Credit Corp., Citibank and was managing director of Equifund, L.P. An esteemed member of the New York Friars Club, Mr. Fields served on the Board of Governors for four years, and currently serves on the Friars Foundation Board.
"We are extremely pleased to have as accomplished and respected member of the international business community as Robert Fields as a member of our Board," stated David K. Lifschultz, Chairman and CEO of Genoil. "Mr. Fields' area of expertise spans a diverse group of industries. His unique entrepreneurial spirit and intelligence has resulted in the success of many businesses over several decades. His contribution to Genoil will be especially valuable as we continue to forge alliances with oil producers and refiners around the world."
Genoil is a technology development company providing solutions to the oil and gas industry through the use of proprietary technologies. The Genoil Hydroconversion Upgrader can economically convert heavy crude oil into more valuable light refined products such as motor gasoline and diesel fuel, while significantly reducing the sulfur content in the oil.
The Company's operations for the 1st Quarter of 2005 were primarily affected through its subsidiaries, Net2Auction, Inc., and Net2Auction Corporation, RoboServer Systems Corp., Self-Serve Technologies, Inc., and through its 40% ownership of 449 and WDHQ. As of March 31, 2005, the Company owned 51% of Net2Auction, Inc., which owns 100% of Net2Auction Corporation. Net2Auction, Inc. is publicly traded on the NQB Pink Sheets, under the symbol of NAUC. As of March 31, 2005, we owned approximately 47% of RoboServer, while Roboserver wholly owns Self-Serve Technologies. Roboserver is publicly traded on the NQB Pink Sheets under the symbol RBSY.
Net2Auction, Inc. ("Net2Auction") has become a leading operator of online auction drop-off locations that allow people who cannot or do not want to sell online by developing relationships through partnership agreements with independently owned and/or franchised pack and ship centers. Currently, Net2Auction operates twenty-eight (28) drop-off locations, with those locations being awarded a customer satisfaction rating exceeding 99% with a goal to have fifty (50) locations by this calendar year end. Net2Auction's relationship with EBay allows Net2Auction to reach millions of potential buyers for our customers' unwanted goods. Management hopes Net2Auction's operations and revenues will begin to generate meaningful revenue prior to June 30, 2005. To learn more see at www.net2auction.com.
The industries involving RoboServer's point-of-sale and self-serve technologies for the fast-food restaurants and industries, in general, are increasing rapidly. Business owners are seeking out self-serve technologies through a kiosk application that allows for a more efficient service being provided to the customers as well as a reduction of labor costs for the business owners. Management believes the market is expanding quickly, creating a huge demand for self-serve technologies through the kiosk application. The Company has received numerous inquires and held meetings with some of the top Ten Fast-Food Restaurant Chains in the USA regarding the self-serve technologies through the kiosk application. Self-Serve Technologies, Inc. is a wholly-owned subsidiary of RoboServer Systems Corp. and is the entity that holds the POS software application and the Self-Serve technologies used in our kiosk applications, trademarks, copyrights, and all intellectual rights of the assets. Self-Serve is the subsidiary that has performed all of the research and development and modifications since the POS software and self-serve technologies were acquired on or about May 15, 2004. Management hopes RoboServer's operations and revenues will begin to generate meaningful revenue prior to September 30, 2005. To learn more see at www.roboservercorp.com.
Apollo Resources International, Inc. announced that its 50% owned subsidiary, Earth Biofuels, has completed the purchase of approximately four acres of land in Durant, Okla. (previously mentioned in Apollo's release on May 17, 2005) which will serve as the site for construction of a ten million gallon per year biodiesel refinery. This biodiesel facility will be the first of its kind in the state of Oklahoma. The site currently serves as the location of a retired feed mill that has been a landmark in Durant for over 50 years.
"There were three or four sites that we looked at, but this was the place to build," stated Tommy Johnson, CEO of Earth Biofuels and President of Apollo Alternative Fuels. "When we have completed the site preparation, the city and the people of Durant will share a renewed pride in the area."
The site had fallen into a state of disrepair in recent years, but Earth Biofuels will completely transform the location into a state-of-the-art biodiesel production facility. Construction of the refinery is set to begin immediately, and initial production is expected to start as early as October of this year.
Mr. Johnson said, "The idea to build in the location was the brainchild of Mr. Tommy Kramer, Executive Director of the Industrial Authority for the city of Durant, who has been invaluable in putting this deal together. He was able to bring all of his resources to the table and show us why so many companies are locating in Durant."
Mr. Kramer stated, "Senator Jay Paul Gumm and Representative John Carey of Durant were extremely supportive of this biodiesel refinery and supported HB1398 to provide state tax credits to facilitate the production of this environmentally safe alternative fuel." State bill HB1398 has recently been approved by both chambers of the Oklahoma state legislature and sent to Governor Henry for signing. The bill provides a tax credit to biodiesel producers in Oklahoma. Under the proposed new law, biodiesel producers may receive tax credits of up to $0.20 per gallon, and totaling up to $5 million per year, per facility.
"We see many proposed tax benefits in every state in which we consider building, but this credit takes it to the next level," stated Johnson. "Biodiesel makes so much sense, economically and environmentally. The passing of this bill tells us that the state of Oklahoma recognizes these benefits, and is encouraging biodiesel production as rapidly as possible."
Titan Oil and Gas, Inc. reports good initial results on commencement of flowing the Kosciusko # 1 Well.
Titan CEO Kent Jacobson reports: "A rig arrived on site and we began flowing the well. We experienced both good flow and escalating pressure. Based on these results, we are ordering larger capacity oil tanks to handle the expected volume of production, and expect these to arrive on site shortly."
Jacobson further comments: "We are extremely pleased with the initial flow results on Kosciusko # 1. We will have the larger tanks in place as soon as possible to begin full production on this well."
Update on Stanley # 1B Well: When the rig was on-site hooking up the pump, our tests indicated a possible bad tubing joint. We have called in a larger rig to pull out the tubing so we may inspect and replace any affected area. We anticipate this to be a simple one-day repair, at which time we can begin production.
Posted by realityinc21 on :
TNOG--might bounce off the .022 low--IMHO
Posted by realityinc21 on :
.0232 Posted by realityinc21 on :
Nice close at .024
Titan oil and gas, Managment touring other properties and IR just got back from The two leases. Says it was amazing and the pictures, video, flow rates, and interviews just around the corner. www.titanoilandgas.com Posted by bigthc1 on :
At .0289!
Posted by realityinc21 on :
Posted by Bob Frey on :
rocking .0295
Posted by bigthc1 on :
Hit .0315. This will take two steps forward and one back all day.
Posted by realityinc21 on :
Posted by bigthc1 on :
End of day run!
Posted by bigthc1 on :
I hope none of you sold this morning. At.0344 and flying.
Posted by bigthc1 on :
Setting up for possible news Monday. At .031.
Posted by bigthc1 on :
Finished at HOD. .0329. If there is news Monday, watch out!
Posted by bigthc1 on :
.0385. Going fast.
Posted by charger on :
Titan Oil and Gas, Inc.-Major Debt Settled in Full Tuesday June 21, 10:30 am ET
SAN ANTONIO--(BUSINESS WIRE)--June 21, 2005--Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to report that the majority of its debt has now been settled in full. This debt was in the form of outstanding judgments against the Company in the State of California, which arose from past operations before the present management of the Company was in place. The Company entered into a contract with a Manitoba-based company and with the judgment creditors, in which the Manitoba-based company was to settle the outstanding judgments. The Manitoba-based company defaulted in its obligations to the judgment creditors as per the terms of the contract. Upon receiving notification from the creditors of the default, Titan was required to negotiate an alternate arrangement, under which the judgment creditors have acknowledged receiving payment in full.
As a result of the default of the Manitoba-based company, Titan has initiated legal action in the State of California, and a counter-claim has been filed. While the Company acknowledges that it is disputing the previous contract with the Manitoba-based company, it is pleased to announce that the alternate arrangement to settle these judgments in full has successfully eliminated the majority of Titan's debt.
Titan CEO Kent Jacobson comments: "Our success in eliminating the majority of the Company's debt will only serve to strengthen its position as we move forward with further developments and acquisitions. This is an extremely positive development for the Company."
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.
Titan Oil and Gas, Inc. (PINK SHEETS:TNOG - News)
Posted by net10708 on :
There is little doubt that TNOG could be the next QOIL -- but only time will tell.
TNOG does it all, and has the PR's.
Posted by lushka16 on :
Is now a bad time to get in?
Posted by net10708 on :
Of course, I'll say no. I own shares. But I picked up more today on dip into .03's
QOIL 5 day chart could be the next TNOG chart, but you can't buy burgers (or steaks) with a 'could'.
TNOG is obviously getting onto many radars now.
Posted by net10708 on :
Actually, I love this stock. It gives you chances to hop in and out and make some nice money. Just heard on CNNHN that oil is now in short supply again, so look for this to go up.
Posted by realityinc21 on :
Keep at the top of your watch list. MM"S brought it down to .032. I loaded up. I have a feeling that they might bring it down another 10% then let it roll. Lots of strong holders. MM's had a hard time bringing it down. Noticed they loaded up at .033--.0338 levels.
PROBABLY on anticipation of #'s.
Posted by net10708 on :
I agree D. This company is way too much in the front lines to not go soon. Surprised there has been no news lately. It's due.
I still say TNOG is worth whatever QOIL is.
Posted by realityinc21 on :
Today I bought more at .029 and held it all and sold at .039.
I will be looking for the low in the A.M. Missed the .0355 dip to buy in near the close today. Oh well--can't win them all.
I have bought and sold this stock almost every other day or every 3 days for a couple of months. Great stock to day or 2/3 day swing trade. Spread is a least 20%. NICE and RELIABLE.
Keep it at the top of your list.....
Posted by net10708 on :
You lucky dog. My buy point missed yesterday, although I still have all of my previous shares. I really wanted more on that dip.
Posted by realityinc21 on :
Watching for the low!!
Posted by realityinc21 on :
Looks like MM's are bringing this down..I am just going to follow the leader. lol
Posted by realityinc21 on :
Bailed at .044. Will be looking for the low on Monday. Love this spread play...
Posted by net10708 on :
I'm playing this too. Been in since .013, but should have played the swings. Oh well.
Don't know if Monday is going to bring an opening dip, or gap up? Nice rally though, so it has definite momentum. $70 bl oil is being discussed by the big wigs too. I still think this stock could be another QOIL, so I don't want to bail and miss the big run.
I'm looking for continued upswing.
Posted by net10708 on :
Lines crossed for the better. Room to move up - my guess is .05 will get tested:
TNOG strong open for sure, and news out stating they are going to release more news momentarily on pump output.
This could be a good day, and week.
Posted by net10708 on :
News coming out again on production output, and they have been pretty true to their word. That news just might be today. They have been known to do that.
Posted by net10708 on :
Whatcha gonna do Diana? TNOG is going to break .05! It's a comin. If news hits during this climb - KABOOM!
You holding?
Posted by net10708 on :
Still rockin on. Broke mid .05's already. PMDR now going too. A good day.
Posted by net10708 on :
Very decent opening again this morning as we await the production report that should come out asap, even today.
TNOG shaping up to be a QOIL, but that's my opinion only.
Posted by sonnydbar on :
coming back, eod .048, possible news coming?
Posted by net10708 on :
They speak at conference at 2:30pm EST
Pop!
Posted by bigthc1 on :
Rom RB site, posted this morning at 11:20 or so.
News from QCJAGUARS I called the Railroad Commission of Texas yesterday. I have a report of the test done on Kosciusko. I will share SOME of the numbers so our flippers and weak can leave the building. As a matter of fact I intentionally held back this so the weak can leave. Maybe that's mean but oh well. Bye Bye mofos. LMAO!!!!
I also talked with Dan from California to confirm these numbers are good. The test was done with NO pump. They will retest since at the time of this first test they hadn't gotten the storage tanks in yet. What I will tell you is quit focussing on oil and start thinking about the gas potential because it is VERY good. The gas we hit in Kosciuko should yield us nice revenue. AND it's anyone's guess when the test will be completed. Could have already been done. Could be happening as we wait. But I'm definitely waiting.
Here is what I WILL share. 680 PSI Flowing Tubing Pressure. I also have the gas an oil results of the test. I am trying to convert the figure into $$$. I am waiting for a return call from teh TRRC so I don't mispeak. I'm not wasting my time posting this if I didn't feel looking at this report that we are on the verge of something very good with Koscuisko. Numbers will follow as soon as I get them.
Posted by bigthc1 on :
By: qcjaguars 01 Jul 2005, 11:49 AM EDT Msg. 38492 of 38493 Jump to msg. # IMPORTANT Let me first say I am NOT a oil or gas man BUT I can definitely conclude that we will meet and exceed MY expectations. Using current gas and oil prices i am going to be conservative but it met my $1 million a year per well expectations. Again between the oil and gas I am sure using THESE figures we will exceed $1 million in revenue from Koscuisko.
Only the company can give out official numbers BUT if ANY of you do the homework and call the TRRC ask for "oil Well Potential Test, form W-2 for Titan Oil and Gas. Then use the daily figures. Using today's oil and gs prices we exceed $1 million on this well.
Posted by bigthc1 on :
TNOG -- Titan Oil and Gas, Inc. Com ($0.0001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: Titan Consolidated Inc: Kosciusko #1 Well in Production
SAN ANTONIO, TEXAS, Jul 01, 2005 (M2 PRESSWIRE via COMTEX) -- Titan Oil and Gas, Inc. (TNOG:OTC) reports that work on its Kosciusko #1 Well was completed yesterday and it is producing oil.
Titan CEO Kent Jacobson reports: "Initial flow results are very strong. There has been extreme heat and humidity at the property, with one worker needing medical attention for heat stroke on Monday. Though shorthanded, the crew completed work to bring the well into production yesterday. The well flowed for several hours and was shut in overnight as a precaution. It is again flowing strongly today and we hope to have it flowing continuously from this point forward."
Jacobson further comments: "We are extremely pleased with the initial results from this well. An initial production report will be issued after the weekend."
Stanley #1B Well Update: After the tubing repair, for the first four days the Stanley #1B well unloaded salt water which had been used previously to control very high pressures and prevent a blowout. On the last day, appx. 25 barrels of oil were produced before the pump stopped flowing due to what is suspected to be another leak in the tubing. A rig has been ordered, and the entire string of production tubing will be replaced, which we hope will eliminate this problem.
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.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2005 M2 COMMUNICATIONS LTD
Posted by legal1082 on :
This will spike and fall and level off, imo. Tuesday or Wednesday should be a good day if the numbers come out!
Posted by thebluedog on :
Taking a beating today...seems to have bottomed??
Posted by legal1082 on :
yes we are! I think it will bounce soon, at least I'm hoping so
Posted by Bob Frey on :
Moving
Posted by net10708 on :
I think this was a group play today. It's all over the SharkerZnMoverZ site. I'm looking for it drop some more.
![[Big Grin]](biggrin.gif)
i jumped on AT .019