Titan Oil and Gas, Inc.: Final Process Underway to Bring Eberle #1 Gas Well On-Line
Titan Oil and Gas, Inc. is pleased to announce the commencement of the final phase to bring its Eberle #1 gas well in Bastrop County, Texas, on-line, with a rig on its way to the site. With the successful conclusion of operations on the Eberle #1, preparations will be made to undertake development of an additional well in close proximity to it, where we will hope to obtain a similar result.
Previous operations in August proved successful. Gas production was achieved at appx. 5,000 feet, from what has been determined to be a Taylor Sand Formation. Lab results (shown below) have determined that this is “sweet” gas without measurable H2S content, which commands the highest price at market.
As earlier announced, wells in this area are best developed with hydraulic fracturing to obtain maximum production levels. This process was recommended in the In-Depth Bastrop County Report prior to commencement of operations, and will now be applied to bring the well on-line.
Visit: http://www.titanoilandgas.com/future.htm to view the full report.
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.
Contacts: Tital Oil and Gas, Inc. Investor Contact (503) 618-0370 or Toll Free: 1-888-601-9983 Email: info@titanoilandgas.com
Website: www.titanoilandgas.com
