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Thought I'd bump this one up to the front page. It seems to be the most comprehensive of the 1,000 or so TNOG threads. News out! Check J U ICE's news thread for the day. Not only that, the dang thing is running. Chart looks nice too.
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Titan Oil and Gas, Inc. - Eberle #1 Prepares for Connection to the DCP Midstream Pipeline Monday April 30, 10:00 am ET
Titan Oil and Gas Continues in the Second Phase of Its Turnaround, as Its Eberle #1 Is Poised for Connection to DCP Midstream's Gas Pipeline
SAN ANTONIO, TX--(MARKET WIRE)--Apr 30, 2007 -- Titan Oil and Gas, Inc. (Other OTC:TNOG.PK - News) is pleased to announce that production at its Eberle #1 gas well in Bastrop County, Texas will allow for connection to DCP Midstream's gas pipeline. This arrangement will provide a steady distribution channel and income for the company. DCP Mainstream has been intensifying pipeline development in the area because of recent natural gas recoveries. It is because of this that Titan Oil and Gas has also looked at expanding onto adjoining properties in the area. DCP Midstream is a joint venture of ConocoPhillips and Spectra Energy, which is itself a spin-off of Duke Energy, one of North America's leading power producers with operations and assets in the United States, Canada and Latin America.
Vice President of Communications Brandon Toth related, "The well's connection to the pipeline affords us a steady and reliable income so that we can implement other aspects of the turnaround plan. This has occurred exactly as conceived, we're on the right track." As a key component in the Management Team's forward-looking program, the success of this goal in the phased turnaround process is a major development. As previous operations in July, August and November proved successful, gas production was achieved at approximately 5,000 feet after drilling. The well was determined to be a Taylor Sand Formation, which provides a high quality or "sweet" gas that commands the highest price at market.
"The Bastrop County Project [Eberle #1] was handled with care because there were so many other variables that had to be addressed first so that this would provide maximum benefit to shareholders." This according to President John Marconette in reference to operations started at the Eberle #1, Bastrop County, Texas site in July of 2006. The Eberle #1 site was being developed almost simultaneously as the company was in the midst of leadership changes.
Current partners in the Eberle #1 project include, Tejones Operating Corp. and Oasis Oil and Gas. J.R. Harrison heads Oasis Oil and Gas Corporation, a Houston-based company. Mr. Harrison has been in the petroleum and fuels marketing business for the last 18 years, and has worked with major oil companies such as Exxon Mobil and Shell Oil. Mr. Thomas Gouger III heads Tejones Operating Corporation. Mr. Gouger has been an oil and gas operator for over 25 years in the South Texas area. The company looks forward to continued relationships with these and other partners in a number of future projects.
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Well guys I been in this one off and on for a long long time. Way to long for a penny stock. I have seen this hit over three cents. I am currently holding some for a loss, but I do like this company. they were looking touch and go for a while, but they seem to be serious about their business. I maybe a glutton, but I am considering buying more with the latest rounds of news. We'll see! Good luck to all
-------------------- 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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quote:Originally posted by T e x: hope that works out!
I don't need hope with the way TNOG's been moving. This has gone from a 2-year low of .0016 to a high of .008 in no time at all. I'm sure all those people that bought in around .002 are pretty happy right now. You can't argue with that.
With the Eberle well finally going online, their new lease in highly productive Kern County, gasoline prices nearing $4 this summer, plus whatever new management still has in the works... We have only seen the tip of the iceberg.
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This may not seem like much, but if you check the past year of production numbers you will see that within the past four months production has been significantly increasing. What they did I'm not sure of, but they must have done something. This gives them a steady stream of income to keep TNOG running. Bastrop is what will rocket it to the top!
Since Titan released the Eberle sweet gas results, 4 new wells have been drilled within 2 miles of the Eberle well!
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SEC Votes To End Short-Selling 'Grandfather' Protections 11:39 AM EDT June 13, 2007
By Judith Burns Of DOW JONES NEWSWIRES
WASHINGTON -(Dow Jones)- The Securities and Exchange Commission voted Wednesday to approve a change to tighten rules intended to curb manipulative short sales, including so-called "naked" short sales. The change eliminates a controversial exception that shielded existing short positions from requirements to deliver hard-to-borrow shares within 13 days of settlement. Once the change takes effect, short positions previously protected by the grandfather clause must be closed out within 35 days. SEC Chairman Christopher Cox said persistent failures to deliver shares sold short seem to be due to the grandfather protections, which the SEC included in 2004 to prevent stock-market volatility. Critics complained the protections undermined efforts to clean up abuses involving "naked" short sales. Short selling involves sales of borrowed securities, producing profits when prices decline. The practice is legal, but the SEC's Regulation SHO sought to prevent "naked" short sales, in which short sellers don't borrow securities they sell. SEC officials said delivery failures have declined about 35% overall since Regulation SHO took effect and have fallen about 53% for hard-to-borrow stocks defined as "threshold" securities.
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What do you guys consider a loaded truck? I'm sitting on 1 million, but thinking of bumping to 2 or 3. Just worried I won't be able to get filled with the volume.
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Titan Oil and Gas Engages Nahama Oil and Gas To Advise On Kern County Operations
Rodney Nahama In His Capacity As Owner Of Nahama Oil and Gas Will Be Advising On Current And Future Titan Oil and Gas Projects.
AUSTIN, Texas — (BUSINESS WIRE) — Titan Oil and Gas Inc. (Pink Sheets: TNOG) is pleased to announce that Nahama Oil and Gas with its founder Rodney Nahama have agreed to work with the Company in order to assess and develop its current and future projects in Kern County, California. Mr. Nahama has more than 40 years of experience in petroleum exploration and development in the region.
“We believe Nahama Oil and Gas’ experience working with smaller independent companies in this region makes them the best fit both culturally and in terms of the bottom line for Titan,” according to Titan Oil and Gas President, Brandon Toth.
Mr. Rodney Nahama has discovered some of the largest producing wells in California. Mr. Nahama was a member of the board of Royale Energy [http://www.royl.com/], a Nasdaq listed company. He worked as an exploration geologist for energy companies prior to co-founding the Nahama & Weagant Energy Company in 1979. As a Petroleum Geologist, Mr. Nahama has provided the benefit of his expertise not only to Royale Energy but also Honolulu, Franco Western, Getty, and Sunray Oil Companies. Mr. Nahama is a member of the American Association of Petroleum Geologists and the San Joaquin Geological Society. His expertise in exploring, developing, producing and selling natural gas in California and Oregon is well recognized throughout the United States.
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