TTE, Titan energy, oil and gas explorer/producer in USA and Australia.
FA
Titan energy is producing around 105 bopd with their oil wells in the US. It is currently drilling an inexpensive cap rock campaign in the Allen dome. Recent update of cap rock drilling included this statement. "pleased to report that oil shows in drilling mud and cuttings have been identified during drilling of the Titan Poole #C-1 cap rock “wild cat” exploration well" A cap rock discovery could open up a series of inexpensive shallow producing wells that will dramatically boost TTE oil production and cash flow. Comparison to MAD cap rock discovery has been made my mgmt This is MAD's discovery http://www.asx.com.au/asxpdf/20110810/pdf/4209h51wgp51jf.pdf Current MC at around $13m, with 105 bopd selling at $105 USD per barrel.
