Profile: Titan Oil & Gas Inc (TNGS.PK)
5 Mar 2014
Titan Oil & Gas, Inc., incorporated on April 21, 2010, is an exploration-stage company. The Company is engaged in the acquisition and exploration of oil and gas properties. The Company’s oil and gas property interests include Southeast Alberta, Alberta Well and Leaman Property. In Alberta, Canada, the Company has acquired the petroleum and natural gas rights to a total of approximately 2,816 hectares of land, a 2.51255% working interest in a non-producing oil well, and a 6% working interest in five producing oil wells. TNGS Oil & Gas, Inc. is the wholly owned subsidiary of the Company.
The Company’s Southeast Alberta Property consists of 10 petroleum and natural gas (P&NG) leases with the government of the province of Alberta, Canada. The Leaman Property consists of a 6% non-operated working interest in 800 acres of land in the Leaman area of Alberta, Canada. The Leaman Property is located 80 miles northwest of Edmonton. The Company’s rights include P&NG rights from the base of Nordegg to the Base of the Pekisko. The Leaman Property consists of six oil wells with five wells in production. As of August 31, 2012, of the five in production, the Company received revenue from four of the wells. The Alberta Well is located approximately 30 miles from Edson, Alberta, Canada. As of August 31, 2012, Beatton Energy Inc. (Beatton) was the operator of the Alberta Well.
Titan Oil & Gas Inc
7251 West Lake Mead Boulevard
Las Vegas NV 89128