On the international front Titan Energy entered into a Participation Agreement (PA) in March 2012 for an option to farm-in for an 87.5% working interest (WI) in the historic, oil producing Allen Dome area in Texas.
Lets face it guys this is the project were all here for.. the latest results although average were in the scheme of things somewhat irrelevant.
We should all be aware that TTE have 2 major projects currently.. AWE JV (in progress) & Allen Dome.
Its Allen Dome that MAD wanted yet lost (suckers) hope we have some MAD share holders here.. welcome on board to those ?. This is the project that we are focusing on currently. From what i have been advised news is around the corner about this project.
We are waiting for a rig and once we have it in place drilling will commence ASAP! With the avg result recently management are focusing hard atm on getting this drilled and assessed pronto. We have a lot more information about this area and so unlike the recent result the expectations here are SIGNIFICANTLY higher on all fronts!
The giant TITAN will re awake shortly because this news is imminent.
GEV Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held
