Titan Oil and Gas, Inc.
PINK SHEETS : TNOG

Titan Oil and Gas, Inc.

June 09, 2005 10:30 ET

Titan Oil and Gas, Inc.-Good Initial Flow Results on Kosciusko # 1 Well

SAN ANTONIO, TEXAS--(CCNMatthews - June 9, 2005) - Titan Oil and Gas, Inc. (TNOG:OTC) reports good initial results on commencement of flowing the Kosciusko # 1 Well.

Titan CEO Kent Jacobson reports: "A rig arrived on site and we began flowing the well. We experienced both good flow and escalating pressure. Based on these results, we are ordering larger capacity oil tanks to handle the expected volume of production, and expect these to arrive on site shortly."

Jacobson further comments: "We are extremely pleased with the initial flow results on Kosciusko # 1. We will have the larger tanks in place as soon as possible to begin full production on this well."

Update on Stanley # 1B Well: When the rig was on-site hooking up the pump, our tests indicated a possible bad tubing joint. We have called in a larger rig to pull out the tubing so we may inspect and replace any affected area. We anticipate this to be a simple one-day repair, at which time we can begin production.

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.

Contact Information