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GEV 15.0¢

The significance of the deal

  1. forrestfield

    12,115 Posts.
    1
    Titan to receive USD1650000 immediately which is equal to 2.1-2.2m... Titan already have 1.6m cash

    Titan will further receive 100k per well on spud for the first five wells. These wells may well be drilled in the first half.

    Now read this:

    A second Titan project, slated for funding by mid-2015, is already being prepared for participation by the
    Fund. It is anticipated the joint development funds from this programme will be available to Titan early in
    the second half of 2015. Titan is currently completing a number of acquisitions across the US Gulf
    Coast, which meet the Fund’s criteria for development.

    Means acquisition could not be far.... may be within weeks....


    Amazing stuff really.... the only wait is to break 2.8c and close above for the fun to start...

    Cheers

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