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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

Posted on: Thursday, 17 July 2008, 09:01 CDT

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 we received from both companies was invaluable as we considered the acquisition and have continued to be helpful as we execute our plan for the Crows Run Field."

ABOUT TITAN OIL AND GAS, INC.

Titan is an energy company with interests in oil and gas development, drilling and production. Titan follows an aggressive 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 blog 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: Business Wire

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