24 September 2012
TITAN ENERGY US ACTIVITY UPDATE
HIGHLIGHTS:
• Two Allen Dome North well recompletions scheduled to begin by month end
• Four Allen Dome exploration wells planned for fourth quarter
• Plans in place to spud exploration well at Sodbuster II Project in Q4
• Sidetrack planned for Louisiana well
• Initial two well exploration program being planned for Illinois Basin Project
• Targeting potential total production increase of 270 bopd from Allen Dome plus an additional 325 boe/d from other projects.
• Other projects currently under review.
500 boe/d is $18 million dollars per year which is more than our current market cap.
On top of this we still have drilling at DR11 to look forward to. Lets see how the market sees it.
allen dome drilling this week, page-7
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