News is out: biz.yahoo.com
Wednesday April 8, 2:57 pm Eastern Time
Company Press Release
SOURCE: Titan Energy Corp, Inc.
Titan and its Joint Venture Partner(S) Commence Drilling Program in Polk County, Texas
FORT WORTH, Texas, April 8 /PRNewswire/ -- Titan Energy Corp, Inc. (OTC Bulletin Board: TANC - news) announced today that drilling has commenced on its large Woodbine Prospect in Polk County, Texas. Polk County is one of the most active areas in the U.S. for oil and gas exploration. The major participants in the initial well are Burlington Resources (NYSE: BR - news) with a 33.75% working interest, TANC and it's joint venture partner(s) which control a 25% working interest and privately held Black Stone Energy Company, Houston, Texas (Blackstone) as the operator. In recent months, TANC along with its industry partner(s) have accumulated in excess of 30,000 gross acres of oil and gas mineral leases in the prolific Woodbine Trend located in Polk County. TANC has approximately 20 additional drilling locations on the prospect acreage. |
