Titan Oil and Gas, Inc.-Titan Hits High Pressure Zone in Kosciusko Drilling
SAN ANTONIO--(BUSINESS WIRE)--Oct. 3, 2005--Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to provide an update on its Kosciusko # 1 Well drilling operations.
Titan Operations Manager Pete Maupin reports from the site: "Work continues on the well. We are experiencing high pressure flow right now which we will attempt to control with 2 loads of heavy brine being trucked in from Alice, Texas."
Maupin further comments: "High pressure is generally a good sign in a formation as it can signify high potential production rates."
Titan CEO Kent Jacobson remarks: "We are happy to encounter high pressures as drilling operations continue. Mr. Maupin's observation on the significance of this will be of interest to our shareholders. We will continue to issue updates as operations progress toward conclusion."
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)
Posted by HighSide on :
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