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Author Topic: TNOG news!
lukin4winners
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Very impressive news just hit the wires especially with gas prices soaring. Watching it here:
Titan Oil and Gas Lawsuit Dropped With Manitoba
The Manitoba LTD. Settlement Lays to Rest a Major Source of Uncertainty for Titan Oil and Gas as It Moves towards Resolving All Pending Legal and Financial Issues
Apr 21, 2008 1:15:00 PM
Copyright Business Wire 2008
View Additional ProfilesAUSTIN, Texas--(BUSINESS WIRE)--

Titan Oil and Gas Inc. (Pink Sheets: TNOG) announces that the federal lawsuit brought by Manitoba LTD. has been dismissed after a settlement was agreed upon among all parties. The settlement releases Titan Oil and Gas from any monetary claims made by Manitoba LTD including:

-- Money damages from Titan for profits lost by Manitoba,

-- An appointment of a Manitoba nominee to its board of
directors,

-- A requirement of payments to be equal to the aggregate market
cash value of all shares claimed by Manitoba at the highest
value, 8 cents per share, subsequent to the Settlement
Agreement and entry of judgment,

-- Damages for unjust enrichment received by reason of the
assignment of the entirety of two money judgments,

-- A restriction on the company in its ability to release shares
and pay dividends,

-- Responsibility for the costs of the suit, including reasonable
and necessary attorneys fees,

-- Post-judgment interest at the highest rates allowed by law,

-- Manitoba's claim they were due in excess of 170 million shares
of TNOG stock,

-- Such other and further relief, both at law and in equity, to
which Manitoba may be justly entitled.
Titan Oil and Gas is released from any and all liabilities concerning Manitoba LTD. With the settlement, Titan has addressed what was a long standing issue that the company needed to resolve before moving forward. "This is the beginning of arrangements made by company management to completely address all outstanding legal and financial claims in preparation for a complete restructuring," according to Titan Oil and Gas President, Brandon Toth.

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Ganoga94
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Titan Oil and Gas Reaches An Agreement With All Major Creditors

May 2, 2008 09:00:02 (ET)

AUSTIN, Texas, May 02, 2008 (BUSINESS WIRE) -- Titan Oil and Gas Inc. (Pink Sheets: TNOG) management has secured settlements with all major creditors. These negotiations struck a similar tone to those that addressed the company's legal issues; in that the strength of management's plan to move the business forward was a key factor in the process.

Titan Oil and Gas had a liability of approx. $871,664 before management entered into talks with company creditors. Through negotiation, the amount was revised down to $641,959, a reduction of $229,685 or more than 26%. This figure includes all remaining debt other than monthly expenses. 65% of the negotiated amount will be amortized over a 36 month period. Due to their confidence in the business plan the remaining 35%, which includes management, will be taken in the form of stock as a longer-term investment. As with the legal settlements, Titan will also pay only the remaining principal, not interest, to these creditors.

The agreement was possible because each creditor was encouraged by company management's plan to generate the funds necessary to meet these newly amended obligations. Management wants to clarify that these settlements will not require a reverse split and that Titan will not consider a reverse split as a means to further the Company.

"We appreciate that they have found our plan to be supportive of all of our interests," Brandon Toth, Titan Oil and Gas President, stated in reference to the adoption of Titan's terms for settlement.

About Titan Oil and Gas, Inc.

Titan is an energy company with interests in oil and gas development, drilling and production. Titan follows a conservative business model, focusing on redevelopment of oil and gas fields with a history of production, and also, exploration and development of new properties. For further information about Titan Oil and Gas please visit our website at http://www.TitanOilandGas.com or **** at http://www.TitanOilandGas.com/wordpress .

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. Please read the full disclaimer here: http://www.TitanOilandGas.com/disclaimer .

SOURCE: Titan Oil and Gas Inc.

Titan Oil and Gas Inc.
Brandon Toth
Domestic: 1-888-831-TNOG (8664)
International: 1-512-897-1813
Info*TitanOilandGas.com
Website: http://www.TitanOilandGas.com

****: http://www.TitanOilandGas.com/wordpress
TheFlyingDutchman is online now Report Post Edit/Delete Message

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Ganoga94
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The Titan Record:
Settling Debt and meeting the expectations of stockholders.

Please read today’s press release TitanOil and Gas Reaches An Agreement With All Major Creditors

Debt settlement has been a challenging task for all of us at Titan Oil and Gas. We can begin taking the company in a new direction now that we have answered these obligations and put the matter of a reverse split to bed. With the resolution of the Manitoba and Maupin legal matters as well as settling a host of other debts, we are now able to bring a similar amount of focus to projects and overall organizational improvement. Part of improving Titan has been opening a dialog with our shareholders.

With our Q and A’s, the intent is to encourage an open forum for ideas as we move our company forward. We have below a number of responses to one of the entries in a previous exchange. Truth be told we are not interested in a reverse split and it seems no one else is either. One aspect of this open dialog is that we can point to questions like the possibility of a reverse split. Instead of doubt hanging over us we can answer unequivocally so that there need be no lingering concern. This though is only one facet of why we are asking that you forward your ideas and comments without reservation. We ask because we know that the next great idea that could benefit us all, as Titan Oil and Gas Stockholders, can come from this kind of open exchange.

Indeed it seems it has been quite beneficial, since we have heard quite a few great ideas and some workable prospects, which have come to light as a part of this process. We believe in crowd sourcing for development, we also hold true to the value of strong leadership. Taking a traditional leadership role and making decisions based on all available information is key to creating a rewarding future for Titan Oil and Gas.

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Ganoga94
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"As of right now we hold interests in Bastrop County, TX and Kern County, CA. As previously stated the Eberle #1 well is awaiting hook up to the gas line and Kern County is in the due diligence stage. Updates on both will be forthcoming just as soon as management is legally capable of releasing such information."
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Ganoga94
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Titan Oil and Gas Initiates Development of Kern County Project
BusinessWire - May 07, 2008 9:00 AM ET


Titan Oil and Gas Inc. (Pink Sheets:TNOG) is pleased to announce that the company has initiated development of its 480 acre project in Kern County, California. Titan management has finished a preliminary report on the lease in Kern County and is satisfied that there is sufficient reason to pursue production on the site. "Having assessed the potential of oil production it seems that in the current environment of rising prices and rapidly improving recovery technology that there is more than enough economic incentive to proceed," according to Titan Oil and Gas President, Brandon Toth.

The area of the lease falls within the zone of three different formations, The Edison, The Northeast Edison and Ant Hill. There are a total of 1810 wells within the fields that surround the Titan Oil and Gas lease in Kern County. The total proven reserves for these wells in 2006, the last year the State of California has data on, was 15,745 Mbbl. Production in the area actually increased from 2005 through 2006 with the introduction of new technology and rising oil prices.

The location of the 480 acre lease is within the Township 29s and Range 29e sections of the BLM oil lease map. Bellaire Oil Co., Pan America Energy Corp, Chevron and BP Exploration are the four major oil producers that own the bulk of all producing wells in these three oil fields as well as throughout the San Joaquin Valley.

Titan Oil and Gas management is forming a team in Southern California that will proceed with the development of the lease. Management will temporarily relocate to the area in order to ensure that execution of its directive is executed in a thorough and diligent manner. Management is currently engaging the services of a petroleum geologist in the area to initiate development of the lease and finally initiate production if tests indicate favorably. Please visit the **** to view the Edison Lease Report in detail.

ABOUT TITAN OIL AND GAS, INC.

Titan is an energy company with interests in oil and gas development, drilling and production. Titan follows a conservative business model, focusing on redevelopment of oil and gas fields with a history of production, and also, exploration and development of new properties. For further information about Titan Oil and Gas please visit our website at http://www.TitanOilandGas.com or **** at http://www.TitanOilandGas.com/wordpress.

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. Please read the full disclaimer here: http://www.TitanOilandGas.com/disclaimer.

SOURCE: Titan Oil and Gas Inc.

Titan Oil and Gas Inc.
Brandon Toth
Domestic: 1-888-831-TNOG (8664)
International: 1-512-897-1813
Info*TitanOilandGas.com
Website: http://www.TitanOilandGas.com
****: http://www.TitanOilandGas.com/wordpress

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Ganoga94
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With this press release (above) and the project report (http://tinyurl.com/6yj994) we commence work on our 480 acre lease in Kern County, California. As stated in the release we will be traveling to the property in order to direct both data collection and any other undertaking that will be necessary in order to move the project to production.
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Ganoga94
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THE TITAN OIL AND GAS LEASE IN KERN COUNTY

Titan Oil and Gas obtained rights to its Kern County Lease for a ten year period, concluding in September of 2016 with the option to renew under current guidelines. The lease falls within the zones of three fields, The Edison, The Northeast Edison and Ant Hill. Management is currently engaging the services of a petroleum geologist in the area to initiate development of the lease and finally initiate production if tests indicate favorably. The seismic activity in the area is such that characteristics of any given field can change as rock formations fracture. Often results are favorable for projects that adjoin areas of current reliable production.

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Ganoga94
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Here's a great post from another board:

LONDON (Reuters) - U.S. crude oil futures rose to a fresh record high
of $125.98 a barrel on Friday.

They were trading $2.11 higher at $125.80 by 7:09 a.m. EDT.

Lets talk potential revenue for TNOG. Given the historical oil
production statistics for Kern County, Ca., a 500 barrel per day well
would be a reasonable expectation for an initial successful project.
If oil prices stabilize at * $120 per barrel, that production would
generate *$60,000 per day in gross revenue, or some $1.8 million per
month. Given the recent structured debt settlement and making
allowances for relatively high drilling costs in today's market, TNOG
could still generate gross revenue of *$.03 per share in a best case
scenario, and profit in the $.01 per share range. Such a scenario
would support a stock price in the range of a dime to $.15 using a P/E
ratio of 10-15.

This is an optimum time to be in the oil exploration business. As
always, do your own DD, calculate your own risk tolerance, and if it
suits you, get ready for the ride. Good Luck in the Oil Patch!

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Ganoga94
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<img src="http://farm4.static.flickr.com/3196/2480605858_bd3b360790_o.jpg">
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Ganoga94
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<img src="http://farm4.static.flickr.com/3196/2480605858_bd3b360790_o.jpg">
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Ganoga94
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Yeah, I can't seem to post charts.
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T e x
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try brackets, and end slash...

<---explained here, on your reply window: UBB "code"

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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*Mag*
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quote:
Originally posted by Ganoga94:
<img src="http://farm4.static.flickr.com/3196/2480605858_bd3b360790_o.jpg">

use these and insert the site between it -->>>[img][/img]
 -

--------------------
^..^

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Ganoga94
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Hey thanks!
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T e x
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quote:
Originally posted by *Mag*:
quote:
Originally posted by Ganoga94:
<img src="http://farm4.static.flickr.com/3196/2480605858_bd3b360790_o.jpg">

use these and insert the site between it -->>>[img][/img]
 -

show off!

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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rkitch
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Since TNOG changed management it seems to be back on track. Up again this morning I see.
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Ganoga94
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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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Nile
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Congrats to all that were in this one! You deserve you gains!
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Ganoga94
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Management’s Conference
Call With Nahama Oil And Gas


On Thursday Titan Oil and Gas Management conducted a conference call with Nahama Oil and Gas Management regarding their impending trip to Kern County. The trip which is primarily for the purpose of an in depth review of the Edison Lease; will also include an inquiry into other projects in the area. Mr. Rodney Nahama reflected that there were a number of projects that Titan management may want to consider upon arrival in California. Mr. Nahama went further stating he wanted to show us his oil and gas projects in the Midway-Sunset field and discuss possible joint venture opportunities.

The discussion in the call ranged from new technologies to the nature of the crude and natural gas extracted in the area. New technologies have rendered older wells that were abandoned as unproductive newly viable in that they can come online and provide ample revenue. Mr. Nahama pointed out that many wells that were left behind in the late eighties, because oil prices had fallen to a point where they were no longer financially viable, are now back in play with higher oil prices. It was also noted that the oil in the region is quite a bit heavier than in other regions, such as Texas.

Mr. Rodney Nahama also offered to review the company’s strategy for project acquisition and its business plan regarding Kern County and in general. Having been with Royale Energy (NASDAQ: ROYL - http://www.royl.com/) since its inception, he suggested we model our approach in California on Royale’s and offered to advise on how we would go about doing this. The business plan will include Mr. Nahama’s perspectives on project development and acquisition. “His perspectives are invaluable for our work in California, we can see this taking shape quite well,” according to President, Brandon Toth. He continued, “the work we can get done when we are actually on site as well as touring other possible projects is incalculable

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Ganoga94
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In Process Of Becoming A “Current Information Provider”

Titan Management is currently in the process of updating its corporate information on file with Pink OTC Markets Inc. (formerly Pink Sheets LLC.) As we complete these requirements we also have engaged an attorney to complete the opinion letter as well. This of course is part of management’s comprehensive plan to address all outstanding corporate issues. As we have with other items we have put forward we will be bringing the company into compliance with these guidelines in the near term.

According to Pink OTC Markets Inc. becoming a “current information provider” requires…

reporting companies [to] submit filings to regulators with powers of review and make the filings publicly available or [that] non-reporting companies make current information publicly available on the Pink Sheets News Service. The Current Information category is based on the level of disclosure and is not a designation of quality or investment risk. …. Non-reporting companies are required to make current information available to the market pursuant to Pink Sheets Guidelines for Providing Adequate Current Information .

An example of the opinion letter from a similar company can be found at the following link.

http://pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=13588

As a follow up to accomplishing the “Current Information Provider” with Pink Sheets, management intends to take necessary steps to reinstate its registered status with the SEC, since it was allowed to lapse back in December of 2005. It is management’s intention to continue its work to bring comprehensive improvement to all aspects of Titan Oil and Gas. We are actively working on the development of Titan into a company that will be the envy of its peers. We are also building Titan into an organization that will set an example for its rivals as well.

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Ganoga94
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Management Travels To Kern County, Meets With Nahama Oil and Gas
Posted in Titan Oil and Gas News by admin
No Comments »

This month marks the 100-year anniversary of the discovery of Middle Eastern Oil. With all of the unrest in that part of the world factoring into the increased price of oil, we find it fitting on this anniversary that we are looking to one of the more prolific areas of domestic oil production in the past century. We see domestic development as both an opportunity for Titan and imperative for United States security. We embarked on our trip to Kern County, California this past week to initiate operations on our lease in the area as well as look into several other opportunities for Titan Oil and Gas.

Over the past thirty years the oil industry in the United States has had its share of boom and bust cycles. In the late eighties and early nineties many of the operations in Kern County, CA lost traction and saw a slide in development and production. Because of both declining prices and higher production costs in Kern County, the area fell out of favor during this time. Some strikes were not followed through on simply because the margins weren’t big enough; some producing wells were abandoned, even though there was no lack of oil in the ground. It is for this reason that there is so much opportunity for a smaller more focused organization such as Titan Oil and Gas at this time.

Quite a few wells were drilled in the area and left undeveloped because they failed to meet a much narrower criterion for development than we have today with $100 - $150 dollar per barrel oil. A “dry hole” or more correctly an under-productive project becomes much more attractive at these new pricing thresholds. New data sets and Technologies used for recovery in the region are not only available but are much more in reach of an organization such as Titan. Now we must act with hard work and attention to detail that has continually proven to Titan’s current leadership team a path to increasingly favorable situations.

We bring this detailed approach by working with experts such as one of the best-versed professionals whose years of experience on the West Coast in general and in the San Joaquin Valley in particular give us an edge regarding project development. We met with our associate, Mr. Nahama, and reviewed among other things a number of available projects in the area as well as joint venture possibilities. The first order of business was going over our current lease with Mr. Nahama. We came to the conclusion that a number of attempts on the lease to produce fell short because they were too shallow when viewed in terms of the latest producing wells. We are now looking at developing a data set so that we can target these deeper, 5000ft. or so, under the advice of Nahama Oil and Gas.

Our trip also consisted of meeting to discuss a number of organizations that have projects that would benefit from a joint venture with Titan Oil and Gas. They are interested because of organizational issues that have kept oil yielding wells out of production; a situation that could be addressed with Titan’s participation. We explored a number of solid possibilities that we fully intend on moving forward with. With introductions from Nahama Oil and Gas management, we connected with organizations that have projects within renowned zones such as Midway-Sunset, South Belridge, Kern Bluff and Kern Front Fields.

As you might imagine the challenges for Titan are formidable but not so much as some might suggest. We continue to show that our hands on approach and our negotiation skills have allowed us to meet challenges to very favorable ends. With the confidence of our stockholders we have made a good deal of positive progress and it is with this spirit that we persist. Many though continue to be rightfully skeptical given the lack of performance in previous years. These perspectives have fueled our drive and will continue to. We appreciate both the confidence many have given us as well as the “wait and see” attitude of others. I stated as I came into a leadership role as President of Titan Oil and Gas, just a few months ago, that we would take a “Warts and All” approach in our communication now that it is up to me to determine and we have done so. We believe and find many agree that we have done a good job removing blemishes and have enjoyed the comments of those who have pointed this out. Now we must also appreciate those who have rightly pointed out that we must bring value through projects and production. This trip is a strong first step in what will be a rewarding, if long, journey.

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steve1404
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what is the bail out price
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Ganoga94
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Titan Oil and Gas Has Acquired a Producing Oil and Gas Project with 61 Wells in Pennsylvania
Titan Oil and Gas Acquires Producing Crows Run Oil and Gas Project in Beaver County Pennsylvania
Jul 9, 2008 8:00:00 AM
Copyright Business Wire 2008
View Additional ProfilesAUSTIN, Texas--(BUSINESS WIRE)--

Titan Oil and Gas Inc. (Pink Sheets:TNOG) has made the first of its planned acquisitions with the Crows Run Project (CRP) in Western Pennsylvania. CRP represents a significant turning point for the company as it can now claim 27 wells in production as it moves to maintain and rework all 61 wells included in the deal.

Oil production for the previous three years is as follows;
2005 - 846 bbl 2006 - 1,172 bbl 2007 - 654 bbl
The total three-year production was 2,672 bbl, or an average yearly production of 890 bbl. Additionally, the connection of an approximate 300 foot pipeline to Columbia Gas of Pennsylvania will produce over 2,000 MMBTU per month, in its current form, based on 2003 production levels. Included in the acquisition is $55,000 worth ($500,000 initial value) of equipment, a CD used to secure the blanket bond valued at $28,000, a contract to sell oil to Ergon (http://www.ergon.com/main.html) and a Pennsylvania EPA license for the project.

The full technical report is available on the website at:

http://www.TitanOilandGas.com/docs/Crows-Run-Report.pdf
The well sites are located in areas of proven production in Western Pennsylvania. CRP's original estimated reserves were calculated in excess of 13 million bbls in the eighties (see technical report), with very little production to reduce this figure in the interim. The best well produces 5 bbls of oil per day while others produce around 1-2 bbls of oil per week. Since being drilled in the '80s, the wells have had little in the way of maintenance (average rework cost is $5,000-7,000 per well). These production numbers will dramatically improve by simply removing paraffin build up and updating pumpjacks.

Other improvements will be made with the application of modern stimulation and enhancement techniques that compound production increases. Titan estimates that with simple maintenance, wells producing 1-2 bbls a week would move to that same figure per day as well as bringing online many that have been choked into nonproduction. Titan management looks at this as a first step in its acquisition plan that will include the use of a special preferred share class, which will be presented and described in the business plan as well as at the annual general meeting to gain stockholder approval in the coming months.

According to Titan Oil and Gas President Brandon Toth, "What we have with Crows Run is a project that can bring us current production but promises something much more enduring. This is really a low risk endeavor with current producing wells that have never been fully exploited. There are significant reserves of oil that can be accessed with simple maintenance. We will also be working with a technology partner that can enhance these wells for much lower prices than were paid just five years ago using a directional water jet that breaks right through surrounding formations. This technology lessens the impact on the environment."

ABOUT TITAN OIL AND GAS, INC.

Titan is an energy company with interests in oil and gas development, drilling and production. Titan follows a conservative business model, focusing on redevelopment of oil and gas fields with a history of production and also exploration and development of new properties. For further information about Titan Oil and Gas, please visit our website at http://www.TitanOilandGas.com or **** at http://www.TitanOilandGas.com/wordpress.

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. Please read the full disclaimer here: http://www.TitanOilandGas.com/disclaimer.

Source: Titan Oil and Gas Inc.

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Ganoga94
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Pennsylvania Grade Crude Oil
From Wikipedia, the free encyclopedia

Pennsylvania Grade Crude Oil is a type of sweet crude oil. It is found primarily in the Appalachian basin in the states of New York, Pennsylvania, Ohio, and West Virginia, and takes its name for the state of Pennsylvania, where it was first extracted. Pennsylvania grade crude oil can be broken down into gasoline, kerosene, fuel oil, gas oil, wax distillate, cylinder stock (or bottoms) and other refined products such as white oil and paraffin.

Pennsylvania grade crude oil is thermally stable and has a high viscosity index. It is generally free of asphalt and has only trace amounts of sulfur and nitrogen. It is also high in paraffin and other waxes making it highly desirable for refinement into petroleum lubricants such as motor oil. Its products are also valuable for use in certain hydraulic applications. By-products are commonly found in consumer goods such as cosmetics, and topical ointments.

Products refined from this type of oil are particularly prized as lubricants and many oil companies prominently display the fact that they use Pennsylvania Grade crude oil in their products.

Bradford, Pennsylvania is major center for the refining of Pennsylvania grade crude oil. Pennsylvania Grade Crude Oil

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Ganoga94
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Titan Oil and Gas Projects $308,000 Monthly From Production Revenue for Crows Run Oil Field
8:30 AM ET 7/14/08 | BusinessWire

Titan Oil and Gas Inc. (Pink Sheets:TNOG) has, as part of creating an Operations Plan for the Crows Run oil field, developed a set of projections that outlined the dramatic impact on production that will result from planned maintenance. Solely based on the rework and no other improvements or technology, Titan expects $308,000 of combined oil and gas production revenue per month once all wells have been reworked and are online. This estimate is based on the information that is available on the project from previous operators and geological reports.

As of release of this announcement crude oil was selling at $140 per BBL (estimates based on $100 per BBL) to Ergon the purchaser while natural gas was selling at approximately $11 per MMBTU (estimates based on $10 per MMBTU) which will be sold to Columbia Gas of Pennsylvania. These projections consider the 27 currently producing wells with the addition of the 34 non-producers, to bring all 61 wells into production. The following is current production as is with no rework:

Oil - 27 wells x 2.7 BBL per month (average) = 72.9 BBL per month

Gas - 15 wells x 130 MMBTU per month (average) = 1,950 MMBTU per month

The estimated cost to rework the entire field, including cleaning the pumps, removing the paraffin, cleaning or replacing rods and various other maintenance, is approximately $5,500 per well. Total estimated cost to rework the entire field of 61 wells is $335,500. Each well is expected to complete rework in one to two days. The figures that follow represent a good-faith estimate based on comparison with nearby wells of similar age and wells that were reworked in 2005, after such maintenance.

Oil - 61 wells x 1.5 BBL per day (average) x 25 days = 2,287.5 BBL per month

Gas - 61 wells x 5.2 MMBTU per day (average) x 25 days = 7930 MMBTU per month

Titan is working with several well service companies that are interested in a possible partnership or acquisition to cut costs for Titan while hastening the reworking process. The result would be Titan's release of a portion of its working interest in exchange for an accelerated rework of the entire field to obtain the fastest return. However it is Titan's preference to fund the bulk of the project through its stockholders and financial partners rather than dilute its working interest.

Titan Management will provide a spreadsheet of the project online for stockholder review. The list of wells and production will be updated on a weekly basis. We will also release a schedule that will include dates and revenue projections with the operations report after management meets with service companies and potential partners in Pennsylvania.

ABOUT TITAN OIL AND GAS, INC

Titan is an energy company with interests in oil and gas development, drilling and production. Titan follows a conservative business model, focusing on redevelopment of oil and gas fields with a history of production, and also, exploration of green projects and businesses such as biodiesel and wind power. For further information about Titan Oil and Gas please visit our website at http://www.TitanOilandGas.com or **** at http://www.TitanOilandGas.com/wordpress

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. Please read the full disclaimer here: http://www.TitanOilandGas.com/disclaimer

SOURCE: Titan Oil and Gas Inc.
Titan Oil and Gas, Inc. Brandon Toth, President Domestic: 1-888-831-TNOG (8664) International: 512-897-1813 Email: Info*TitanOilandGas.com Website: http://www.TitanOilandGas.com ****: http://www.TitanOilandGas.com/wordpress

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Ganoga94
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Yup, where did everyone go?

If people read all the information TNOG has put out, they will realize they are about to miss out on something BIG!

.05-.10 is my bet!

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legal1082
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Titan Oil And Gas Has Retained Two Well Service Companies To Rework and Manage The Wells In The Crows Run Field


Titan Oil and Gas retains the services of Getty Well Service and Petroleum Service Partners to rework wells at the Crows Run Oil and Gas Field Starting the Beginning of August

AUSTIN, Texas, Jul 17, 2008 (BUSINESS WIRE) -- Titan Oil and Gas Inc. (Pink Sheets:TNOG) has retained Getty Well Service (GWS) and Petroleum Service Partners (PSP) to start work in the first week of August. Both well service companies will be working in concert to rework and perform maintenance on all of the Crows Run Oil and Gas Field wells. As shown in a previous release, the affect of their services will be profound targeted to bring all 61 wells online from the 27 that are currently producing. The rework is projected to increase production at the field from 72.9 BBL/1,950 MMBTU per month to 2,287.5 BBL/ 7,930 MMBTU per month after all wells are serviced. Each well rework will take 1-2 days on average to complete.
GWS will be responsible for the reworking and maintenance of wells, including the removal of paraffin buildup which has caused a substantial reduction in each wells production. They will also provide replacements for any of the pumpjacks parts and other equipment that might be worn or broken. PSP will start serving as the operator on the Crows Run Oil and Gas field once operations commence. Their work includes assembling the gas pipeline and providing and maintaining compressors as needed. PSP will also distribute oil and gas revenues to the various entities as these are sold off to gas purchasers and Ergon Oil.

"Dennis Getty (owner GWS) and Chuck Brown (owner PSP) have been doing work on the wells in the region for over seventeen years and know this area quite well," according to Titan Oil and Gas President Brandon Toth. He continued, "The information

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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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legal1082
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Hey Ganoga94, been playing this one off and on for about three years. Always keeping a small amount in tact without selling. Kinda always like the company and they seem to be doing good things. Also, if you get on their email list and actually have a question, they will answer within a day. I've gotten several responses. Legit company! About three years ago, they did run to .05. I'm hoping to start seeing some serious running soon. I think your going to have to give it a few months and we may see some very nice progress.

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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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legal1082
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President putting up his own money! IMO that's a pretty good sign. The following from TNOG news letter.


Addressing Questions: Finances, Financials and Shares


We have heard from many of you regarding how we are financing the company given the lack of working capital and revenue. Indeed, the lack of capital has been duly noted in the recently updated financials that have been posted to Pinksheets.com, as a step in making the company a current information provider with Pink OTC Markets Inc. We wanted shareholders to know where the money has come from for things as varied as the payment of filings to the initial capital to help us begin reworking wells in the Crows Run Oil and Gas Field. These funds have been provided out of pocket by President Brandon Toth and his financial partners, these are loans and will be repaid after the company has found a more stable footing.

Mr. Toth and his financial partners have been providing funds for everything that keeps a small company functioning. They have provided funds for the salaries of talented individuals such as our new Chief Legal Officer, Shelby Clark. Mr. Toth will continue to provide these funds until the company is in a position to provide them. While this is a precarious position for a company to be in, the amount of talent, stockholder interest and hard work that Titan, in the hands of Brandon Toth, has been able to draw and depend on has been essential in helping us make it this far in turning the corner.

Management has been notified that there is an investment group accumulating stock to obtain a control position in the float. Of the 750m shares which remains the amount of authorized shares, Titan management, after close review of the stockholder list, has identified 225M of these shares in friendly hands; a term used for shares that are held by members with no intentions of selling. In the weeks to come we will be in contact with these investors and updating the amount of shares being held to gain a better idea of how many shares are actually available.

--------------------
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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legal1082
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Finding and Acquiring New Projects


As we are updating our business plan, that we will offer to the public for review, we have been paying special attention to how we can continue to aggressively expand Titan's slate of projects. Taking care to avoid any kind of dilution that could destabilize the company, we would like to reiterate that we will not seek a rollback in the amount of shares. We do believe that using a special class of preferred shares in exchange for revenue producing assets is a good strategy for our stockholders.

We are seeking stockholder approval to create a preferred share class; it is for this reason only that we need to increase the authorized capital. These preferred shares, when approved, will be created to produce dividends that provide cash income to individuals that brought production to the company. We believe this to be an uncomplicated and straight forward way to grow the company's projects while ensuring that Titan's stock avoids market dilution. There are several pending acquisitions that management has planned, but as promised we want to follow stockholder ideals, this is why we need your thoughts and perspectives on how to improve Titan's bottom line. Please respond via phone or email to the following;

Domestic: 512-897-1813
International: 1-888-831-TNOG (8664)
Email: Info*TitanOilandGas.com

--------------------
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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legal1082
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Titan Oil and Gas Becomes A Current Information Provider With PinkSheets.com


Titan Oil and Gas Updates Its Initial Company Information and Disclosure Statement, Preceding Two Years of Financials as Well as Receiving Its Opinion Letter from Legal Counsel

AUSTIN, Texas, Aug 05, 2008 (BUSINESS WIRE) -- Titan Oil and Gas Inc. (Pink Sheets:TNOG), under the guidance of President Brandon Toth as well as legal counsel and CLO Shelby Clark, has advanced to the "Current Information Provider" tier requirements put forth by Pink OTC Markets Inc. The update adds details concerning Titan Oil and Gas' slate of projects as well as aspects of the acquisition plan due to be further explained in the Company's updated business plan.
The updated initial company information and disclosure statement reflects production and assets that will not be claimed in the company balance sheet until third quarter financials are released. The statement does reflect the entirety of The Crows Run Project's 500 acres, 13 leases, 27 producing and 61 total wells that have brought Titan Oil and Gas 17 bbls a week of current production. With the rework of the project starting the Company is eager to book the Crows Run Oil and Gas Field production and assets to its balance sheet in the third quarter.

Please check filings and market tier status at: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=tnog.

"We would like to thank our stockholders for their patience as we work through this and other time consuming tasks that are essential in creating the strongest company possible," according to Titan President Brandon Toth. He continued, "We also are looking forward to our ongoing dialog regarding with stockholders and want to reiterate

--------------------
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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legal1082
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As we prepare to release our business plan and send out proxies regarding new changes in the company, we urge you to continue sending us feedback. We want to make sure that all stakeholders get a say in how the Company will proceed in regard to using Preferred Stock and changing the name to better reflect the business of the Company. Titan has now completed its Business Plan and will release it by the end of this week. Consistent with management's objective to become as carbon neutral as possible and keep corporate expenses down, we will start the proxy process by asking investors to fax, scan (email) or mail us their vote as soon as possible starting next week. After review of the many responses that the Company has received Titan management can safely say that investors are 95% in favor of the new plans to move forward. Even though this support has been vocalized, we require that every single shareholder support the proxy with their vote whether or not they are in agreement. We are required to receive over 51% of all shares voted for the Company to proceed as planned.

There are two main areas we are proposing for vote by our stockholders. The first of these is creating a preferred class of shares; this requires additional authorized capital for this purpose. The primary purpose of the preferred class of shares is to create value for the company allowing it to grow and expand, bringing in more projects that will ultimately lead to larger revenues. These preferred shares will be used to acquire projects or businesses with existing infrastructures that, with little capital finance, can significantly increase their ability to develop revenues. Examples of what management intends to acquire are; additional existing wells, such as Crows Run, that include production that can be expanded or green businesses such as energy crops, wind power, and biodiesel production. It is management's plan to blend a perfect combination of acquisitions that offset the Company's carbon footprint while significantly improving the balance sheet for the shareholders. The main focus on management is increasing the bottom line and earnings per share, allowing Titan management to consider stock buy backs and/or dividends to all stakeholders.

The other area we wish to propose to our stockholders is a name change that reflects that we have new management and that we have changed the business plan as well as our mission. While we are still focused on oil and gas, we are looking beyond conventional exploration and to renewable energy (wind, biodiesel, energy crops etc.) for revenue flows as well. We believe that our name should reflect these exciting changes and we would like your thoughts on the following names that have been proposed;


· Green Star Energies
· Astrum Energy
· Green Terra Energy
· Green Star Power
· Green Light Energy


We also need your additional support with the following information.


-Do you have any names that you might suggest us consider?


Please help us update our information;


How many voting shares do you have?
What is your contact information?


Please contact us via the following,


Domestic: 512-897-1813
International: 1-888-831-TNOG (8664)
Email: Info*TitanOilandGas.com

--------------------
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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leavenart
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I've been watching this company for over four years and I still can't figure out what to call an oil company that can't make any money in a commodity that has risen three hundred percent.
Nor can I figure out why anyone would sue to get any of their shares. If they were standing in oil they wouldn't notice it until someone set it on fire. Which would be a blessing since we wouldn't have to read any more of their lame Pr's.

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If you don't have instincts, get out. If you do; go with them.

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Homersbud
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quote:
Originally posted by leavenart:
I've been watching this company for over four years and I still can't figure out what to call an oil company that can't make any money in a commodity that has risen three hundred percent.
Nor can I figure out why anyone would sue to get any of their shares. If they were standing in oil they wouldn't notice it until someone set it on fire. Which would be a blessing since we wouldn't have to read any more of their lame Pr's.

lmao [More Crap] is all this company is
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leavenart
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Lol. Hey, I'm rootin for the faithful here. You never know. Ol Jeb found oil just shootin his rifle you know.
But whenever I see the same people posting over and over essentially saying the same thing, I'm mighty suspicious. I'm hearing the same things I heard one, two, three, and four years ago.
New management means nothing here. I'm sick of these Pr. producing companies ripping us off. GL

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If you don't have instincts, get out. If you do; go with them.

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