Titan Oil and Gas, Inc.

Titan Oil and Gas, Inc.

September 07, 2005 10:31 ET

Titan Oil and Gas, Inc.-Drilling Rig Commences Work at Kosciusko

SAN ANTONIO, TEXAS--(CCNMatthews - Sept. 7, 2005) - Titan Oil and Gas, Inc. (TNOG:OTC) reports that the drilling rig is now on-site at the Kosciusko #1 Well and operations are underway.

Titan CEO Kent Jacobson reports: "The rig arrived on the site yesterday after a brief delay on its previous assignment. Recent adverse weather conditions have played havoc with rig schedules in the southern U.S. The rig has now been set up, and will set a cement plug today in preparation for the commencement of drilling operations. We will also have a work crew finishing work on our new gas pipeline from the Kosciusko #1 Well to connect through to the Midway grid. We expect to have the gas pipeline finished before the conclusion of drilling operations to take advantage of expected natural gas production. We look forward to this, given the extremely high prices for both oil and gas in current markets. While it is shocking to fill up your car at the gas pump at these prices, as an oil and gas company, we look forward to the benefits of generating higher-than-expected profits in a relatively short period of time."

Jacobson adds: "We are pleased to report that our properties did not suffer any damage as a result of Hurricane Katrina, though we had heavier-than-normal rainfall at the site. We wish to extend our condolences to the victims of the hurricane, and also to all of the oil and gas industry workers in the region who have been affected as operations were shut down in the Gulf and surrounding areas. The damage to significant portions of the oil and gas industry places a heavier responsibility on companies like Titan to help America meet its energy needs."

About Titan Oil and Gas, Inc. - Titan is an energy company engaged in oil and gas development, drilling and production. Titan follows a conservative business model, redeveloping oil and gas fields with a history of production, while expanding into exploration and development of new properties.

Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Titan Oil and Gas, Inc.) contains statements that are forward looking, such as statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.

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