August 5, 2008
Titan Oil and Gas Becomes A Current Information Provider With PinkSheets.Com
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.
"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 our need for comments regarding issues discussed in company newsletters and on our blog, The Titan Record, listed below."
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 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.