20 April 2012 TITAN TAKES UP OPTION TO ACQUIRE SALT DOME OIL PROJECT IN TEXAS HIGHLIGHTS: • Titan makes final payment to acquire 87.5% working interest in proven 344 acre oil producing salt dome area in Texas. • Numerous potential targets identified in re-processed 3D seismic. • Initial three well development drilling program planned Q3 2012. Australian oil and gas company Titan Energy Ltd (ASX: TTE) (Titan Energy or the Company) is pleased to announce it has elected to take up an option to farm-in for an 87.5% working interest (WI) in a section of the Allen Dome salt dome project area in Texas - as previously announced on March 6, 2012.
TTE is now a buy and hold
GEV Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
