Titan Energy under its contractual obligations to its Allen Dome partner Seacoast is required to drill 3 wells within 6 months of acquiring the property and receiving some additional information of the site.
The agreement which was announced on March 6th was finalised on April 20. Therefore the 6 month obligation began during this time.
That would mean the earliest drilling will start is 1-2 weeks and at the latest, TTE is required to drill 3 wells before mid October, which gives us a high probability of it all starting very soon.
TTE has already told us they will drill 1 maiden well at the site and recomplete 2 existing wells.
Time is running out, now is the perfect time to get involved imo while prices are cheap. We have all seen the result of NWE drilling with the price doubling in the lead up. The price of titan also doubled in the lead up to drilling at Franklin.
Good luck to all, things will start hotting up and TTE will buck the trend against world markets as it has done in the past.
GEV Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
