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  1. Desmin
    215 Posts.
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    30/04/13
    08:38
    Post #: 11699872
    TITAN ENERGY LTD MARCH 2013
    QUARTERLY ACTIVITIES REPORT
    HIGHLIGHTS:
    • First full quarter of production from Allen Dome
    • Oil and gas discovery announced on Northern flank of Allen Dome
    • Company continues to increase its Allen Dome interest
    • First well inNorth Perth Basin permit DR11 spudded

    FINANCIAL HIGHLIGHTS
    Total oil production of 6,141.1 barrels for the quarter ended March 31, 2013.

    PRODUCTION
    All of the increased production for the quarter came via re-completed wells at the
    Allen Dome oil field in Texas, USA. Production rates lowered gradually throughout the
    quarter from approximately 100 bopd to 60 bopd due to natural decline of the historic
    workover wells.

    Overall, nothing spectacular. Out current oil production will be sitting at ~60+250 =310 bopd as opposed to the 350 bopd which we previous estimated.

    GEV Price at posting: 14.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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