Titan Oil and Gas, Inc.

Titan Oil and Gas, Inc.

November 09, 2005 19:07 ET

Titan Oil and Gas, Inc.-Titan Completes Drilling on Kosciusko # 1 Well

SAN ANTONIO, TEXAS--(CCNMatthews - Nov. 9, 2005) - Titan Oil and Gas, Inc. (TNOG:OTC) has received a report from the manager of our drilling operations at the Kosciusko # 1 Well.

Titan Petroleum Engineer and Operations Manager Pete Maupin reports: "We have achieved our target depth, and we are now completing the well."

Titan CEO Kent Jacobson comments: "In all areas of the Austin Chalk formation, the most important consideration is finding a highly fractured area.

"There are 3 main indicators that this objective has been achieved. Firstly, the drilling rate has sharply increased for the last 35 feet, indicating that drilling has entered the fractured area. Secondly, there has been a rapid drop in volume in the drilling mud, also indicating that we are in the fractured area. Thirdly, though the drilling mud has been of a sufficient weight to prevent a blowout, the returns of the drilling mud are studied carefully. There has been evidence of oil and gas 'shows' in the mud returns. All of these factors, taken together, have led us to complete the well at a depth of 7,325 feet."

Maupin adds: "We are scheduled to test the well tomorrow afternoon, in order to bring it into production as soon as possible."

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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