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
20 April 2012TITAN TAKES UP OPTION TO ACQUIRE SALT DOME OIL...
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