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just picked some up at .0032 and have more buys coming in soon. watch the charts!! guess i cant say which web site, so DD this stock
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hI GUYS I FOLLOW THIS STOCK FOR AWHILE.no one mentioned the o/s are very high.but i still flippied it.remeber when it was .03 and watched it go down to .0009 cause of the dilution.so if your making really good money not sure well see penny for awhile cause of o/s.but at arouind 0025-0035 is a pretty good deal for this stock.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT?
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PennyBoom Present Titan Oil and Gas, Inc (TNOG) CEO interview by Vincent DeBlois
Vincent (interviewer) Kent Jacobson (Titan Oil and Gas, Inc (TNOG) CEO)
Vincent : Hi, Mr. Jacobson Mr Jacobson: Good morning!
Vincent: First, Mr. Jacobson, can you describe the Titan Oil and Gas, Inc business model to the pennyboom.com investor? Mr Jacobson: Titan has adopted a conservative business model, focusing on re-completing existing well bores that have a history of good production, with the use of newer drilling technologies. This enables significant savings vs. drilling a new well from the surface. Our targeted properties have similar characteristics; available information such as production charts and records showing a history of good production, and, in some cases, engineering reports.
Our operations at this time will primarily focus on properties in the State of Texas. Titan will also look at joint ventures when presented with good opportunities.
Vincent: Mr. Jacobson, Can you talk about the oil and gas industry market? Mr Jacobson: I believe the days of cheap oil and gas are gone forever.
The benchmark price of oil (for example, West Texas Intermediate), is set at the cost of extracting the last, most expensive barrel of oil out of the ground, which is known as "marginal" pricing. In other words, that last, most-expensive-to-produce barrel of oil is the one that sets the price for all the rest that are sold at that time. Every single day, roughly 4 million barrels of oil drop off from production. Before any other increase in population or economic activity is accounted for, these 4 million barrels must be replaced each and every single day, with more expensive oil than had been obtained originally. All the "cheap" oil has already been developed. More oil can come into production, but it will be expensive. If prices were lower, this oil would not be developed at all, but would be left in the ground. The resulting supply squeeze would push oil back up to prices that would restore production to levels that the world requires for its energy needs.
Of course, the economic situation in the world does not remain static each day. In addition to the requirement to replace 4 million barrels of oil each day before any other economic activity takes place, there has been an overwhelming increase in demand from the two most heavily-populated countries in the world - China and India.
The huge growth in economic activity in these two countries, combined with their enormous populations, has led to a sharp increase in the demand for oil and gas. This has been driven by both consumer demand and the requirements of manufacturers. When a nation of over a billion people experiences a shift from the use of bicycles to motorcycles and cars, this has a staggering effect on the world's oil and gas market. Increased wealth leads to spending on consumer appliances, with the attendant increase in demand for electricity produced by natural gas. Manufacturing also requires many of the by-products of petroleum distillation, for the production of plastics, etc.
It has been reported that these countries are buying energy companies in many countries of the world in order to secure their supply, and that the U.S. will have to compete to secure its own sources of energy both now and in the future. China is currently absorbing virtually all of the oil that Russia is bringing to market.
The oil futures market has been described as the most efficient market in the world. Many companies use the futures market to sell their oil "forward" at a predictable price. Oil prices are remaining high several years forward on the futures market.
The foregoing comments about oil reserves apply equally to gas. As is the case with oil, reserves drop off each and every day and must be replaced with gas that is increasingly more expensive to produce. Though there has been an increase in the shipping of liquefied natural gas, for the most part, domestic sources have been relied upon to a larger extent than with oil, which is easier to handle and to transport internationally.
Demand for increased electricity production has necessitated an increase in the use of gas-fired generators. Any discussion of fuel-cell technology involving hydrogen involves the need to produce the hydrogen, which still leads back to the use of natural gas. The same applies to electrically-powered vehicles - the extra electricity must come from somewhere, most often from the increased use of natural gas.
In summary, oil and gas will be required for a very long time - there are no viable replacements on the horizon. It will be harder and more costly to develop future reserves, and prices are expected to remain high for the foreseeable future. This bodes well for Titan as an oil and gas company.
Vincent: Mr. Jacobson, what is your short term priority? Mr Jacobson: To have a revenue stream diversified amongst several producing wells. Completing the work on our plate at this time, Stanley # 1 and #1B and Kosciusko #1, all in the Wilson Project, will be a major step forward and will satisfy this important short-term goal.
Vincent: Mr. Jacobson, Can you talk about the Wilson project? Mr Jacobson:As mentioned, there are 3 wells that are part of our initial operations, the Stanley Unit containing the #1 and #1B wells, and the #1 well on the Kosciusko unit. There are many existing well bores in this field from which we can initiate new lateral drilling, and we will continue to exploit these over time.
Kosciusko # 1 is the opposite of our typical target well – it is a vertical re-completion of an existing horizontal well (it is usually the other way around) and it has a history of good production. The Company is drilling vertically from the bottom of the existing hole appx. 550 feet into the heart of the target formation, for a total depth of appx. 7,200’.
Phase 1 of the drilling program has been completed, with 4 concrete plugs drilled out to a total depth of 3,589’. Pictures of the Phase 1 drilling operations are at the Company’s website at www.titanoilandgas.com .
A larger workover rig, capable of deep drilling to our target depth, will be arriving soon from Capital Well Services of Charlotte, TX, to complete Phase 2. This is the final phase of drilling operations to bring the well into production. Kosciusko #1 will have a separate tank battery to handle its own production.
The Stanley #1B is being exploited for existing production as it has shown very strong pressure. When this has been depleted, we will launch a horizontal bore from the existing hole with the aim of intersecting several oil-bearing formations.
The Stanley # 1 has had periods of extremely strong production from its own natural pressure, which has been reported in previous news releases. It’s hard to believe we may have used it for injecting waste water! Recent operations have been undertaken to put this well on pump.
Given the pressures and test results on the Stanley Unit, tank capacity was doubled to accommodate 600 barrels of oil and 1,000 barrels of water at a time, along with more automated pumping systems, allowing us to continue operations for longer periods without interruption.
Oil is trucked from the site, and there are times when we have heavy rain where we would otherwise have to shut the wells down to wait until the site is dry enough to bring an oil truck to the tank battery. The extra capacity lessens the likelihood of having to shut the wells down.
Vincent: Mr. Jacobson, Do you look to make property acquisitions in the medium term? Mr Jacobson: We are actively seeking other properties to diversify from out initial base of operations in the Wilson Project. We wish to engage in operations in other fields and will come back to complete additional “lateral,” or “horizontal” wells that await us in the Wilson Project. We will also seek joint venture opportunities that make sense for the company.
Vincent: Mr. Jacobson what is your long term expectation? Mr Jacobson: We have an objective of building a company that is diversified in several key areas. There should be a balanced mix of wells that have an expectation of short, medium and long term production.
There should be a constant supply of new production to both grow the company’s revenues in an absolute sense, and to replace wells that eventually cease production.
We should be diversified in our operations both from a geological and geographical standpoint. In other words, drilling in different types of oil-and-gas-bearing formations in different locations, for maximum diversity in our revenue streams and resulting stability of long-term revenues and reserves.
Vincent: Thank you for this interview Mr. Jacobson, and we wish you success with Titan Oil and Gas. Mr Jacobson:Thank you for taking the time to report on our company
-------------------- Legal
"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." -- Albert Einstein
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Hey Mack, I get this news letter from tnog's pr guy (Clayton Smith) and this link was attached to it. Not sure when the interview took place, but I just got the email about an hour ago
-------------------- Legal
"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." -- Albert Einstein
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Maybe more people read that interview. That CEO was pretty quiet for a long time. For a while it was hard pressed to get a PR or any information. Things are looking up!
-------------------- Legal
"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." -- Albert Einstein
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Me too! I got my first batch WAY WAY WAY to early. I averaged down several times, so I am recovering ground lately. Loved that run we had week before last. I think we got to .008 give or take. Now if we can only do that a few more times!
-------------------- Legal
"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." -- Albert Einstein
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this stock had its problems as it dwindled down but i think they rethought there situation and are keeping us informed better then they were and now slowly moving back up to where they should be in the first place
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Titan Oil and Gas, Inc.-Titan Strikes Oil on Kosciusko #1 Well via COMTEX
April 14, 2005
SAN ANTONIO, TEXAS, Apr 14, 2005 (CCNMatthews via COMTEX) --
Titan Oil and Gas, Inc. (TNOG:OTC) has struck oil, completing Phase 2 of its drilling operations on the Kosciusko #1 Well.
Titan CEO Kent Jacobson reports: "We encountered high pressures 300 feet above our original target zone and decided to complete the well at this depth. The rig concluded its work, and an x-mas tree was installed on the wellhead. A tank battery will be constructed shortly, and the well will be tested for continuous production.
"We are pleased to complete drilling operations on this well, and look forward to concluding surface installations in order to bring this well into production."
Pictures of Phase 2 operations are now available on the Company's website at www.titanoilandgas.com and additional pictures will be posted shortly.
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.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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I think all the alarms there are went off already on this one. Hope they follow up on that news with some hard numbers now. If they report a good flowing well this could really go from here.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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