SAN ANTONIO, Texas, Sept. 21, 2004 (PRIMEZONE) -- Titan Consolidated, Inc. (Pink Sheets:TTCS) President Kent Jacobson announced today that the Company has installed a gas separator unit on its project in the Stanley Unit (Austin Chalk) Wilson County, Texas.
Additional gas treating equipment, including an H2S Sample Monitor, has been provided by Midway Pipeline, Inc., of San Antonio, Texas. Titan has advanced the installation costs, which will be returned by means of an additional 5% payment to Titan each month above the current gas sales price, per terms of Titan's contract with Midway.
The gas separator and ancillary equipment will allow natural gas to be treated on-site, allowing Titan to get the best attainable market price on anticipated production.
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 Consolidated, 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.