The Titan Record
Accountability To The Stockholder
14
Nov

3 Minute Press Show With Brandon Toth

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14
Nov

Our New Name And Our New Executives

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By now if you read the latest press release you know that Titan is in the midst of rebranding under the name of Green Star Energies. We changed the name to better reflect our focus on the changing nature of the industry. Petroleum is a main focus but we need to ensure that we can remain vital in the face of a changing world. 

Also in our latest release we announced that we have two very sharp executives that have joined the team, Vic Devlaeminck has come on as CFO and Director. Matthew Lipton will joined the Company as a Vice President of Acquisitions and Finance as well as Director. Both are attorneys with extensive backgrounds in business marked by prestige and achievement. 

Vic Devlaeminck brings experience - over three decades - in both the law and accounting. As both a lawyer and a CPA he will help us navigate the tax and regulatory opportunities that will allow us to maximize return for our investors. We want to point out that it was Shelby Clark whose hard work has paved the way for Titan to have made it this far. He was integral in helping to structure and finalize the Crows Run Project as well as working tirelessly to update our corporate records to become current with Pink OTC Markets, Inc. We wish him well in all of his future pursuits. 

As VP of Acquisitions, Matthew Lipton has worked with a number of companies, corporate managers and investors regarding corporate transactions. Matthew served in a variety of roles as a corporate officer or director. He co-founded Abitis Pharmaceuticals, in ‘96. He merged Abitis with Zengen, Inc. in Los Angeles in 1999. His work at Zengen included raising two rounds of capital and assisted in the sale of Zengen’s interest Zicam TM to its joint venture partner. 

With both Vic and Matthew we will be able to work on a level of complexity that fits the ambitions of our business plan. With executives that can work on our branding and our focus we can realize so much of what will bring an intense level of value to stockholders and build a firm foundation for our future. 

Domestic: 1-888-831-TNOG (8664)
International: 512-897-1813
Email: Info@TitanOilandGas.com

 

Please read our Full Disclaimer

19
Oct

Titan Oil and Gas Receives Vote Of Confidence From Stockholders

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Titan Oil and Gas has concluded its proxy vote and has received an overwhelming vote of confidence from shareholders for its perspective.

AUSTIN, Texas – Titan Oil and Gas Inc. (Pink Sheets: TNOG - News), has concluded its proxy vote passing its proposal to provide funding and project purchasing power that will allow management to further develop revenue and improvements for current and future projects. The proxy vote will also allow the company to move forward with a name change that reflects the Company’s enhanced focus on a wider range of energy generating strategies. 

In the nearer term the proxy vote will allow the company to further its ambitious plans to expand and enhance projects withthe use of the preferred class of shares. With the newly created class of shares stockholders have allowed the Company to fund a number of prospects that are currently being assessed. The Company can also fund its closed loop green energy project that is on track to provide the Company with expanded book value in the coming year. There can also be an expansion of the renovations and reworks that have been initiated at the Crows Run Field. Company ambitions also include further acquisitions of rework oil fields to boost oil and gas production going into 2009. 

For longer term strategy the Company will complete the formation of the stockholder committee that will provide an ongoing assessment and feedback on management tactics moving forward. Management has had overwhelmingly positive response to both the proxy and its introduction of a stockholder committee. Many have noted that while expanding the authorized shares was necessary the addition of a stockholder committee has been integral to reassuring that this expansion was a means of increasing value for existing investors. 

Please read our Full Disclaimer

7
Oct

Proxy Deadline Announced

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Titan Management announces proxy deadline for voting is on October 15th, 2008. We need to ask that anyone still holding on to their proxies make their decisions and return them to us. We have had a great deal of you all return them already. To ensure universal participation, we must encourage those that remain in your hands be given to us so that we are sure that we are proceeding per your wishes.

To restate our case we would like to point out all of the many things that can be accomplished upon completing the proxy vote.

  • Management will complete the formation of the stockholder committee and start to discuss the business plans and the decisions management is faced with.
  • Management will be able to design public offerings to raise capital allowing current stockholders to participate, while also exploring possible rights offerings or other benefits for continued stockholder support.
  • Titan will be able to fund a number of prospects that are currently before us and those that we continue to assess. This includes finalizing our closed loop green energy project that is on track to provide the Company with expanded book value in the coming year.
  • We will be able to continue and deepen the renovations and reworks that have been initiated at the Crows Run Field.
  • Titan will be able to look at further acquisitions of rework oil fields to boost oil and gas production going into 2009.

    The bottom line of course is having these shares to provide funding and project purchasing power will allow management to further revenue development and the overall improvement of the Company.

    IT IS STILL IMPORTANT AS MANAGEMENT SETS THE DEADLINE TO GET YOUR PROXY IN AS SOON AS POSSIBLE IF YOU WANT YOUR VOTE TO COUNT. ALSO MAKE SURE IF YOU HAVE AN INTEREST IN THE STOCKHOLDER COMMITTEE PLEASE GET IN TOUCH AS SOON AS POSSIBLE.

    TNOG Proxy

    2
    Oct

    Proxy Approval and Stockholder Committee Near Completion

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    So far we have had an overwhelmingly positive response to the proxy from nearly the majority of all stockholders. We are eager to set in our post proxy plan by laying in place aspects of our strategy moving forward. The proxy process has afforded us the opportunity to get to know our stockholders as well as a host of you with significant industry and general business expertise. Your suggestions and support have been appreciated as we work to move Titan forward.

    There have been some concerns raised over the amount of shares to be authorized but we have outlined our plan and just about all investors have seen our vision after doing so. Simply put the proxy process is so long and tedious that management doesn’t want to have to think about doing it again for a very long time. With the shares authorized we can grow the Company at whatever pace seems applicable.

    We have decided to put together a committee of stockholders to sharpen Titan’s business as well as build confidence with investors. We are encouraging our stockholders that wish to join to do so. We believe a committee of stockholders will be an effective strategy to address issues and develop strategies while serving to significantly increase investor confidence.

    We would like to discuss serious topics, allowing current and potential investors to pose questions or concerns directly with both the stockholder committee and the board of directors. As topics are raised and address there will be a release from the committee itself giving an ongoing report to all our stockholders as a kind of third party verification of business activities as is consistent with legal and regulation requirements.

    In the end, we all know what will drive market value and that is production and revenues coming into Titan. The market price per share will start to see justified levels when we accomplish this and if we use the force of the committee to drive proactive communication, investor confidence and acquisitions to increase these revenues as we build Titan, in the wake of the proxy, into a real junior player in the energy industry.

    IT IS STILL IMPORTANT AS MANAGEMENT SETS THE DEADLINE TO GET YOUR PROXY IN AS SOON AS POSSIBLE IF YOU WANT YOUR VOTE TO COUNT. ALSO MAKE SURE IF YOU HAVE AN INTEREST IN THE STOCKHOLDER COMMITTEE PLEASE GET IN TOUCH AS SOON AS POSSIBLE.

    TNOG Proxy

    Please read our Full Disclaimer

    18
    Sep

    Posted in Uncategorized  by admin

    Progress on Titan Oil and Gas Proxy Vote

    We are very excited to say that we are well on our way to completing this proxy. The return of faxes and scans has been excellent and has covered a large percentage of our stockholders. It is very important to note that we mailed out the proxy on Monday of this week [09-15-07] and if you haven’t gotten it already then please contact us and let us know. We can send one via email, fax or mail another copy to you to ensure you get your vote in. EVERYONE HAS TO VOTE TO SEE THE COMPANY MOVE FORWARD

    For those that have been wondering, “what we need to increase the authorized shares for’” we wanted to point out several things. First we have not had any authorized capital for over two years in this Company. This means that since we took over there hasn’t been a single share issued in the Company. What are shares used for? Well we have to have shares to raise capital or exchange for a project or asset. We have financed the current operations out of our own pocket and the Crows Run Project has been acquired based on the creation of the preferred class of stock. Simply put unless there was a way to get a loan there is no other way to move forward other then to increase the authorized capital and use the creation of a preferred class in exchange for financing and acquisitions.

    If anyone is concerned with management’s intentions with the newly authorized stock we want to offer several points for your considerations. Currently management has begun assembling a stockholder committee mainly composed of members of the top 100 stockholders. Titan will be willing to allow smaller stockholders in as well should there be an interest to do so as we believe all invested parties and their opinion is just as valuable. It is management’s plan to discuss expansion, acquisition and financing plans among other things with this committee and discuss what exactly shares are being issued for and how that will benefit all of us stockholders.

    TNOG Proxy

    16
    Sep

    Proxy Q & A

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    Q.) Here’s my Proxy. I voted in favor of the increase but have some concerns. Once these 3 billion common shares are authorized, won’t my 1,336,200 shares be pretty much worthless? My faith has been with this company for the past three years. Hopefully you, Brandon, can somehow make this work for me.

    A.) We appreciate your support and understand that you have been with this Company longer than us.  We also respect the fact that at the end of the day we are here to serve you.  If you have time to review the corporate update listed on our blog, it helps break down our plans to be careful using shares to build value for the Company.  As a matter of fact we fully intend to discuss with our stockholders issuances and what we are doing to build value.  Also we are forming a committee of about 20-30 stockholders to discuss ideas and business strategies with in an effort to harness investor expertise.  It will only require ongoing email communication with us if you are interested.  Please let us know if you have any other questions.

    Q.) To Brandon Toth:  I just read the recent newsletter.  Thank you for all your efforts and belief in our company.  My son and I are shareholders and ever since he purchased the first batch for my birthday,  I have followed the progress and challenges the company has faced.  I have held on to our shares because I’ve always believed it will turn around.  I am a firm believer in tithing and feel God will Bless a company that Blesses him.  Keep up the good work and have faith….I do!

    A.) It is because of the support and the faith of stockholders like you and your son that we have gotten involved on our own dollar and time to turn this Company around.  We thank you for your continued support and want to keep in touch with you on a regular basis.  If you can send in your proxy form that will help us get the Company moving. Please review the corporate update posted on the blog earlier today. The Company Update blog explains in detail our intentions and offers more insight into the current standings of the Company.

    Q.) Can you tell me what happens to the current shareholders when the name changes?

    A.) During a name change the shares of the Company just receive a new CUSIP number and the physical name changes.  Your shares simply convert in your account to the new name as it occurs.

    Q.) Could I get a 2007 Annual Report?

    A.) Thank you for your email and staying in touch.  All of our financial statements are posted to Pink OTC Markets at www.pinksheets.com.  You can look up our symbol “TNOG” and then look up filings.  Please let us know if you have a difficulty locating them and we can look the links up for you.

    Q.) Attached is my proxy vote for the 2,078,000 shares I own. Please let me know if you have any difficulty opening the file, as I can easily resend or mail it if need be. Could you also send me an email to let me know if you get this? Though 3 billion shares is a lot, I am hopeful preferred shares will not be converted and that with revenues coming to the company will be able to do a buy-back and reduce the float.

    A.) Thank you for contacting us with your proxy.  Please review our detailed corporate update as it details our intentions of forming a stockholder committee to discuss these issues.  Including what shares will be used for and how they will be used to build the value of the Company.  The reason we have requested the authorized increase as we have is that we do not want to have to go through an entire proxy process again if a large opportunity presents itself for Titan to take advantage of.  We will outline the purpose of each share and it builds stockholder value.  Furthermore, we intend to present the ideas and opportunities to our committee for feedback before moving forward with any of these plans.  The concept is to acquire revenue producing projects and companies over the next 1-2 years to build income to levels that can allow us to do buy-backs and possibly offer dividends moving forward.  Thanks for all the loyal support.

    16
    Sep

    Corporate Update

    Posted in Uncategorized  by admin

    As a precursor to the release of the proxy, Titan management wanted to outline all the current events plus the strategies and options management is considering. Management believes that with the proper authorized capital they can expand stockholder value in accordance with their ideals.

    CROWS RUN

    To date management has secured the latest of its array of projects in Beaver County Pennsylvania with 61 existing well bores.  The project will have both oil and gas production once the infrastructure has been reestablished.  As management has indicated in past press and blog updates the safety of Titan’s projects and their impact on the environment is of utmost concern; being careful to avoid liabilities now and in the future.  With President Toth’s arrival over a month ago on site, he was able to determine the operation’s metrics and requirements.  Testing and evaluation of the sites infrastructure showed signs of potential liabilities due to older equipment and tanks.  With expectations to greatly increase production to historical levels, President Toth and onsite aids determined it best to reinstall new tanks and pipelines to avoid any future environmental issues.  It was also determined that all flow should be split between three different tank batteries to efficiently and safely handle additional capacity. Currently, Titan is in the process of checking available options for securing a bridge loan or other debt instrument to update infrastructure while we finalize the proxy.  Once the proxy has been approved, Titan can capitalize on the new infrastructure and start revenue production.

    Due to President Toth’s residence in Pennsylvania over the last couple months he has been able to meet and network with a series of potential joint venture partners to minimize risk and raise the required capital to rework the entire field.  For a reduced interest, Titan can move quickly to complete the field and realize maximum revenues.  The initial step is to recomplete the infrastructure through a joint venture to deliver project revenues at a much quicker rate.  As it stands right now, Titan has received two offers from a junior oil and gas producer in the region.  One is to sell all of Titan’s interest for $200,000 and the second is to joint venture 50/50%, with financing for the entire project from infrastructure to rework.  The proposal also includes the intention to fully explore drilling for deep well gas rights in the prolific zones of Western Pennsylvania.  The partnership prior to any additional drilling plans will require Titan to furnish approximately $250,000 [$500,000 total estimated for full rework of all 61 wells] for its share of the joint venture.

    EBERLE

    Titan management wants to voice its perspective on the ongoing events related to the Eberle well in Bastrop County, Texas and how they have transpired.  With the completion of fracturing the well over a year ago it appeared as if this would be Titan’s quickest route to cash flow.  Unfortunately this has not been the case.  The project involves a series of partners as outlined in past releases. This arrangement has meant that Titan is not the operator and now is one in a number of partners in the well.  After the successful completion of the well and proving the quantities of gas from it; [pointing to the economic viability of developing a pipeline to connect to the purchaser] the operators were unable to successfully get the rights of way from the required landowners to drop the line.  This has been the sole issue since the completion of the well.  Titan has been notified of solutions with little or no follow through to date.  This has been a challenge for Titan and its business plan, but now ironically may have significant upside that neither Titan nor its partners were aware of.

    Titan has been informed through several geologists in the area that there has been a huge strike just east of the Eberle well in the same zone that falls directly beneath the Eberle about 200 feet.  Titan was told that they just brought on an 800 barrel per day well on the edge of the Giddings Field in Paige, Texas.  The strike is the Georgetown formation which lies below the Buda and Chalk formations 200 feet below the current completion [6505] at approximately 6,700-6,800 feet. If drilling deeper [estimated cost $100k-125k] is considered then Titan may not need to lay the pipeline right away if the well is a much larger oil producer than expected.  Referring back to the original plan, there apparently is a new land owner who is considering a right of way agreement.  Should the right of way agreement be finalized then Titan et. al. would simply need to finalize the pipeline [estimated costs are approximately $30,000 to run a mile plus of line}.  Either way for Titan to step up and finance the finalization of the Eberle well it must secure the increase in authorized capital and preferred shares to be able to raise the funds it needs.

    KERN COUNTY

    After visits earlier this year President Toth has continued due diligence on the 480 acres that are leased in Kern County.  The initial targets have potential at deeper producing zones as outlined by local counsel, Rod Nahama of Nahama Oil and Gas also formerly of Royale Energy.  Meetings have already taken place to look at other opportunities in the Midway Sunset as well as other fields in the area to evaluate our best options.  Since the acquisition of the Crows Run Project, Titan’s other projects have had less priority because of the more turn key nature of operations in Pennsylvania.  Titan’s lowest cost best return is in Beaver County, PA for now and that is why President Toth has moved on site until objectives have been met.

    GREEN BUSINESS

    There has been a letter of intent signed with a closed loop green Company which is already successfully growing revenues.  The acquisition would be done in a subsidiary that Titan will own allowing us to remove the need to issue stock for this acquisition and enable the subsidiary to raise necessary funds for expansion. Titan will end up with a sizable ownership in the Company which will dramatically increase stockholder value. The acquisition includes city contracts for delivery of biosolids, several real estate properties where the nonpetroleum fertilizer [biosolids] will be deposited, a trucking company which currently has the city contracts to transport the biosolids, the energy crops that were just harvested including Camelina which has been contracted by BP (formerly British Petroleum), and the installation of up to 138 wind mills on one of the properties to join the wind farm already housed in the Columbia River Gorge. Assets currently booked by the Company prior to the acquisition of the Trucking Company exceed $1.7 M.

    OTHER TARGETS

    As stockholders approve the increase to authorized capital and the use of preferred shares, Titan management will be able to present other investment opportunities and strategic acquisitions in the energy sector. This would include other recompletion projects and sector specific businesses including oil and gas services and biodiesel production.  Management is forming a stockholder committee to work with Titan and review strategies including acquisitions and finance.  It is Management’s intent to keep our public informed of its plans and include the stockholders in order to shape the business and build stockholder value.

    BUDGET

    Since the change of management earlier this year, Titan has worked within a minimal budget with working capital being provided directly through management and their associates.  This has been quite a feat considering there has been no authorized capital to work with for nearly two years.  Considering Management has yet to receive any stock compensation and has only been investing their own time and money on behalf of Titan stockholders, it is our vested interest to make Titan work. Together with stockholder support, we will create a Titan equal to the vision of all stakeholders.  Management will be discussing financing plans with investors and seeking capital as it begins to further its endeavors.

    COMPLIANCE AND DISCLOSURE

    With Titan’s history in mind, management has paid close attention to the expectations of its stockholders.  A strict plan of addressing all investor questions and concerns is a priority of management.  Titan will update all of its disclosure and reporting requirements to maintain its status as a Current Information Provider through Pink OTC Markets.  Updated share totals will be posted on a regular basis and management will fully disclose all shares that are issued as well as the reasoning behind the issuance to justify the value for Titan.  Such issuance may involve, preferred stock for acquisitions, common or preferred stock in exchange for financing, management compensation and debt settlement.  We hope that the stakeholders of this Company view our proposal as a means to create a solid balance sheet and deliver the revenue potential that has been so long over due.

    PROXY

    What Titan needs to do to move forward is authorize enough capital to be able to expand using preferred stock.  The preferred stock will first be used for the acquiring assets and businesses; then it will be proposed to do a secondary offering to Titan stockholders and the investment community to raise enough capital to fully implement Titan’s business model.  We will be sending you a copy of the proxy form this week and will need it sent back via fax, scan or mail so that this process can be completed.  When it is done we intend to finish the acquisition of our green company as well as several other oil and gas projects that we have targeted.  Please let us know if you have any questions and thanks in advance for all your continued support.

    TNOG Business Plan

    TNOG Proxy

    15
    Sep

    Creating A Better Titan For Ourselves And Our Stockholders

    Posted in Titan Oil and Gas News  by admin

    With the help of all of you our stockholders, we have been rebuilding Titan over the past 9 months with no budget. Rebuilding Titan the right way in order to honor your contributions to creating this company. That is why I personally have not sold a share of Titan stock since the beginning of the year. I would not suggest though that my work was not with a profit motive in mind. Am I interested in making income from this endeavor? Of course I am. My vision has been to bring value to Titan’s stockholders, value that was not likely before we started to turnaround the Company’s slate of projects.

    We have been working on Titan with a very disciplined budget, without appeals to stakeholders for additional money to provide for Company plans. This has been done while delaying my own income because any money brought into the company has been needed to further objectives. Now though it is time that we need to provide for the Crows Run Project. The Crows Run as well as other projects require that we have additional shares, preferred shares, in order to have an equitable exchange for projects and provide for their maintenance and improvement, until we become profitable. We want though to point out that management has had a number of favorable meetings with landowners regarding deep gas rights.

    I believe the last three months have been very good for Titan, its stockholders and myself. We have addressed many of the naysayers with an amazing amount of progress with very little money in Company checking accounts. Now though it is time to follow this progress with action that can only come with increased investment in this and additional projects so that we can see Titan grow and for stockholder prosperity. I appreciate all of our stockholders support and now I need a little bit more as we make the serious decisions that will deliver bottom line value and pay what is due for these improvements.

    5
    Sep

    Keeping Our Focus, Expanding Our Revenue

    Posted in Titan Oil and Gas News  by admin

    We would like to reiterate that Titan management has focused its priorities on its oil and gas operations. President Toth remains on site at the Crows Run Project and intends to stay as long as it takes to become fully operational. Additionally management is doing all it can to hasten obtaining a right of way for our pipeline in Bastrop County for the Eberle well. Titan also plans to move forward with the expansion of the Kern County Project as it fits into the current priority plan.

    The release of Titan’s revised business plan reflects its focus on sustainable expansion regarding oil and gas as well as environmentally friendly renewable projects. The plans release was timed to coincide with finalizing the letter of intent regarding this environmentally friendly income producing project. The project will need a final positive vote for the creation of the preferred shares so that the final terms of the agreement can be met by Titan Oil and Gas.

    The plan describes the need for an expansion of authorized capital, and preferred shares, so that Titan can follow through with this renewable energy project. Titan management would like to point out that upon issuing the call for proxy vote that 100% stockholder participation is essential for the future of the company. It is more important for each person to provide their vote than it is to simply agree or disagree with management’s position. Participation is of primary concern regarding the future prospects of Titan Oil and Gas.

    We will soon be making available the proxy to our stockholders. The weight of your proxy will depend on the amount of shares you hold as of the record date, 09/15/08. We need each of you to fill in all pertinent information including the shares you hold as of the record date. Keep in mind the proxy does have the power of a signed affidavit so it is your responsibility to verify the validity of all information.

    The proxy will be made available on the homepage, www.titanoilandgas.com. If you have any questions regarding the proxy or need to provide your contact info to receive the proxy please do not hesitate to contact management for any clarifications.

    Domestic: 1-888-831-TNOG (8664)
    International: 512-897-1813
    Email: Info@TitanOilandGas.com

    Please read our Full Disclaimer