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BullzeBob
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TTCS news did come today - as I predicted elsewhere....not the sales figures we thought might come. But will see greater oil production when they get that pump goin'. Here's the news:

November 10, 2004 10:30 AM US Eastern Timezone

Titan Consolidated, Inc.: Well Continues To Produce Oil Under Its Own Pressure

SAN ANTONIO--(BUSINESS WIRE)--Nov. 10, 2004--Titan Consolidated, Inc. (TTCS:OTC) announces that well No. 1 continues to produce oil under its own pressure.

At the end of last month, the company was able to deliver a full load of oil consisting of 195 barrels which filled the truck to capacity. Upon the truck's return, water emulsion was found in the oil. After a few days of heavy rain, a hot oil truck was brought in. Company reports that they currently have another 115 barrels available for market.

Titan CEO Kent Jacobson stated, "We are quite pleased that the well is continuing to produce oil under its own pressure and anticipate this to continue for a few more weeks before putting the well on pump."

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.


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alan93
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Looks like this one is going to "news release" its way down to .001

Hate to be a wet blanket but I see more downward pressure. Short term anyway.

Why all the hype about news releases anyway?
That is, when they have no effect on the price?


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BullzeBob
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quote:
Originally posted by alan93:
Looks like this one is going to "news release" its way down to .001

Hate to be a wet blanket but I see more downward pressure. Short term anyway.

Why all the hype about news releases anyway?
That is, when they have no effect on the price?


Alan, i'm sure you saw the bounce off the bottom on Friday - great confirmation of upturn, and looking very good for coming week.
The latest news was just something they released to keep the angry mob appeased. But I have a GOOD feeling of much better news in the very short-term. Grabbed some Friday, and will likely accumulate when I can.


Posts: 489 | From: Florida | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
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