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.
-------------------- DIANA Posts: 4447 | From: USA | Registered: Jan 2004
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posted
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.
posted
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
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.
-------------------- DIANA Posts: 4447 | From: USA | Registered: Jan 2004
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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
-------------------- DIANA Posts: 4447 | From: USA | Registered: Jan 2004
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posted
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)
Posts: 274 | From: union,nj,usa | Registered: Jan 2004
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-------------------- Long term investments are simply day trades that didn't work. (except QBID :P) Posts: 292 | From: Worcester, MA | Registered: Apr 2005
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posted
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.
Posts: 1035 | From: Ohio - USA | Registered: Apr 2005
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posted
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.
-------------------- DIANA Posts: 4447 | From: USA | Registered: Jan 2004
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posted
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.....
-------------------- DIANA Posts: 4447 | From: USA | Registered: Jan 2004
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posted
You lucky dog. My buy point missed yesterday, although I still have all of my previous shares. I really wanted more on that dip.
Posts: 1035 | From: Ohio - USA | Registered: Apr 2005
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i jumped on AT .019
