Next pick is TTCS - strong indications and that 'gut feeling' that this stock will very likely issue good news tomorrow. This is a great to secure a position before news, as it is just now coming off of lows.
More news 'expected' over next week or two.
Titan Anticipates Sales of Natural Gas by End of Week; Natural Gas Imminent on Stanley Unit (Austin Chalk) Wilson County, TX
SAN ANTONIO, Texas, Oct. 7, 2004 (PRIMEZONE) -- Titan Consolidated, Inc. (Pink Sheets:TTCS) reports that it has completed installation of gas pipe to the wellheads of its 2 major wells, and final electrical wiring is being done on the H2S Sample Monitor for gas processing. With the purchase agreement by Midway Pipeline already in place the Company anticipates sales of natural gas from the Stanley Unit (Austin Chalk) Wilson County, TX. to begin by the end of this week.
It is very difficult to determine exact reserves in the Austin Chalk because of the nature of the reservoir, as it is made up of fractures and fissures. From the extent of the field -- approx. 3 miles long and approx. 3/4 mile wide -- we can assume a minimum of two million barrels of recoverable oil are still in place. This would mean over $84,000,000.00 of gross oil revenue at today's prices.
We can also assume a recovery of approx. two mcf of gas/bbl of oil recovered which would give additional gas reserves of approx. four million mcf. This would mean over $20,000,000.00 of gross gas revenue at today's prices.
Titan CEO Kent Jacobson comments: "We are pleased to reach this important milestone as a Company, as we begin the production phase of our operations."
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 Consolidated, 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.
CONTACT:
Titan Consolidated, Inc.
Clayton Smith, Investor Relations
503-618-0370
info@titanoilandgas.com
Titan Produces 12 Barrels of Oil in First 2 Hours
SAN ANTONIO, Oct 12, 2004 (BUSINESS WIRE) --
Titan Consolidated, Inc. (TTCS: OTC): The Company reports that its
No. 1 well produced 12 barrels of oil in the first 2 hours of flow.
This production was without the benefit of a pump and a result of
free flowing oil. After two hours of production, there was a
breakdown in the oil dump controller (part of the three-phase
separator which separates oil and water into storage tanks on site
while allowing gas to flow through to the pipeline). The controller
is under warranty and being repaired this week.
Titan CEO Kent Jacobson comments: "It is a great step forward for us
as a Company to begin producing oil. We expect to be back in the
field at the beginning of next week to resume oil production and to
begin delivering our gas to market."
Natural gas was vented during the initial flow as Midway Pipeline
was on site completing final electrical hookup on the HCS monitor
for gas production. We anticipate sales to begin immediately upon
Midway Pipeline's completion of the electrical hookup.
Here's todays' release....
Titan Announces Commencement of Monthly Newsletter on its Oil and Gas Projects
TUESDAY, OCTOBER 19, 2004 12:59 PM
- BusinessWire
SAN ANTONIO, Oct 19, 2004 (BUSINESS WIRE) -- Titan Consolidated, Inc. (TTCS) : During this rapidly-progressing period for Titan and in the interest of keeping its shareholders up to date on the most recent progress, the Company announces it will begin publishing a monthly newsletter to its shareholders.
The Newsletter may be viewed on our corporate website, www.titanoilandgas.com , or you may send an e-mail to our Investor Relations department with "newsletter" in the subject and have the updates emailed directly to you. The first Newsletter is scheduled for release at the end of November, 2004.
Titan CEO Kent Jacobson stated, "With the rapid and significant developments in our oil and gas program, many shareholders have requested a periodic newsletter on a subscription basis. We think this is an excellent idea; therefore, we will be instituting a monthly newsletter in November, 2004."
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 Consolidated, 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.
October 21, 2004 10:30 AM US Eastern Timezone
Titan Consolidated Resumes Oil Production
SAN ANTONIO--(BUSINESS WIRE)--Oct. 21, 2004--Titan Consolidated, Inc. (OTCBB:TTCS): Titan reports that it has resumed oil production on its No. 1 well. The well was opened shortly after 3:00 p.m. on Wednesday and shut down for the night at 5:30 p.m., with 20 barrels of oil produced. Production resumes today.
Titan CEO Kent Jacobson stated, "The oil dump controller has been repaired and re-installed in our three-phase separator, and everything is working perfectly. Today will be our first full day of oil production and we eagerly await the results."
Jacobson further stated, "These are primarily oil wells and the gas is icing on the cake. Gas is still being vented as Midway continues final work on the wiring of the HCS monitor, and the Company expects the work will be completed by the middle of next week."
About Titan Consolidated, 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.
Titan Consolidated Produces 72 Barrels of Oil
SAN ANTONIO--(BUSINESS WIRE)--Oct. 25, 2004--Titan Consolidated, Inc. (OTCBB: TTCS) Since resuming oil production on Wednesday of last week, Titan Consolidated announces production of 72 barrels of oil from well No. 1. The well was flowed intermittently under its own pressure while the company began site preparation for the installation of a pumpjack. The pumpjack will allow for 24 hour a day oil production and will be monitored by a local pumping service.
Kent Jacobson, CEO, stated: "We are very happy with the week's results. The well was flowed for a total of approximately 14:45 hours and we obtained 72 barrels of oil. The well has very high pressure; SITP (Shut In Tubing Pressure) and remained constant at 1,040 p.s.i.. We will be installing a pumpjack in the near future to put the well into constant production."
With the price of oil hitting highs of $55.00 per barrel, the recent production results are very promising for the company's bottom line.
As earlier stated by Petroleum Engineer Peter Maupin, "It is very difficult to determine exact reserves in the Austin Chalk because of the nature of the reservoir, as it is made up of fractures and fissures. From the extent of the field -- approx. 3 miles long and approx. 3/4 mile wide, we can assume a minimum of two million barrels of recoverable oil are still in place. This would mean over $55,000,000.00 of gross oil revenue at today's prices. We can also assume a recovery of approx. two mcf of gas/bbl of oil recovered which would give additional gas reserves of approx. four million mcf. This would mean over $12,000,000.00 of gross gas revenue at today's prices."
Adjusted for oil and gas prices as of October 2004, (using long-term prices of $40 per barrel of oil and $5 per mcf of gas) this would mean $84,000,000.00 of gross oil revenue and $20,000,000.00 of gross gas revenue.
About Titan Consolidated, 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.
Titan Consolidated-225 Barrels of Oil Ready for Market
SAN ANTONIO, TEXAS--(CCNMatthews - Oct. 28, 2004) - Titan Consolidated,
Inc. (TTCS:OTC) announces that, as of the close of operations on
Tuesday, its No. 1 well had produced 225 barrels of oil that are ready
for market.
Titan CEO Kent Jacobson reports: "Our Petroleum Engineer, Peter Maupin,
called on Tuesday for an oil hauler to pick up our first load of oil. At
that point we had produced 225 barrels, and we will keep producing until
the truck arrives. Final sales figures will be available at the end of
the week. This is a great day for Titan as we bring our first oil to
market."
About Titan Consolidated, 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.
[This message has been edited by BullzeBob (edited October 28, 2004).]