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Titan Energy expands US Gulf Coast acreage


Published Feb 24, 2015
Titan Energy Ltd

Australian oil and gas company Titan Energy Ltd announces expansion to another proven salt dome, as well as a substantial increase in acreage holdings in Allen Dome.

Titan acquires Boling Dome acreage

Titan has successfully acquired 850 net acres (1724 gross acres) on the south-western flank of Boling Dome, southwest of Houston, Texas. In the late 1920's, Texaco drilled a considerable number of successful wells on the acquired acreage followed by a group of independent operators throughout the 1980's.

The Company is of the view that these tracts hold considerable in-field development within the proven trends on the property. Target depths range from 3,500 feet to 7,500 feet in the Miocene and Frio sand formations. Once a comprehensive geological review has been completed further information will be disclosed. Titan holds a 100% Working Interest in the primary tracts where previous development had occurred.

Tags: Titan Energy Ltd




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