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Titan Consolidated Inc: Titan Oil and Gas, Inc. Titan strikes oil on Kosciusko #1 Well
SAN ANTONIO, TX, Apr 14, 2005 (M2 PRESSWIRE 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 Companys website at
http://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.
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.
CONTACT: Investor Hotline, Titan Consolidated Inc Tel: +1 503 618 0370 Tel: +1 888 601 9983 e-mail:
info@titanoilandgas.com WWW:
http://www.titanoilandgas.com
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