First Titan Corp. (FTTN)
Today, FTTN remains (0.00%) +0.000 at $.445 with 1,199 shares in play thus far (ref. google finance Delayed: 11:33AM EDT June 25, 2013).
First Titan Corp. continues its determined pursuit of Texas oil and gas this week, targeting assets in Waller County for potential acquisition.
Last week, FTTN finalized a letter of intent to acquire a working interest in the property. The Lone Star State, long known for its energy assets, has been a major region of focus in FTTN's aggressive acquisitions strategy. In addition to its assets in Terrell County, the company is also negotiating the possible acquisition of producing assets in Hardin County with development upside.
Known as the Minns asset package, the Waller County project contains a multi-well production package located in the Brookshire Field. According to a reserve report conducted this year, the proved developed producing reserves for the project include over 8,500 barrels of oil.
Take a look at First Titan Corp (FTTN) 5 day chart:
Target Energy Limited (TEXQY) (TEX)
Target Energy Limited (OTCQX:TEXQY, ASX:TEX) (http://targetenergy.com.au/) is an oil and gas exploration and production company listed on the Australian Securities Exchange and trading under ticker “TEX” and OTC Markets trading under ticker “TEXQY”.
Today (June 25), Target Energy Limited ticker (OTCQX:TEXQY) has remained (0.00%) +0.000 at $7.00 thus far (ref. google finance Delayed: 9:32AM June 25, 2013 – Close), and Target Energy Limited on the Australian Securities Exchange ticker (ASX:TEX) closed at (+2.99%) +0.002 at $.069 with 50,000 shares in play at the close (ref. google finance June 25, 2013 – Close).
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Target Energy Limited previously reported that the company is continuing drilling operations at the Pine Pasture #3 oil well on their East Chalkey Oil Field in Parish, Louisiana. The Company had independent studies which indicated that put upside recoverable reserves for Pine Pasture #3 range between 250,000 and 450,000 barrels of oil. In addition, the report also revealed that the East Chalkey Field has an upside estimate of 4 million barrels of oil.
To view Target Energy Limited video click link http://crwetube.com/media/target-energy-ltds-managing-director-laurence-roe .
Keep in mind, Target Energy Limited production increased by +320% in 2013 following successful Permian Basin drilling campaign. In April, the Company was generating in excess of $400,000 per month in net sales revenue. The Company's ongoing 2013 drilling programs in Permian Basin and Louisiana are likely to add significantly to their production and reserves.
Now take a look at Target Energy Limited (TEXQY) 5 day chart:
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