What is the magnitude of the oil production increase to be expected?
The oil production increase is dependent on many variables including residual oil saturation, the effectiveness of the existing waterflood process, reservoir thickness, permeability variation, porosity, well spacing and the ability to contact oil and water with the Titan nutrients. In general, fields that have shown good response to waterflood are likely to benefit from the Titan Process. Titan treated reservoirs have shown sustained increases of production between 7% to 1000% and we have been successful in reestablishing production in wells that have been “shut-in” due to uneconomic production. Titan has experienced a project success rate of more than 84% in over 60 treatments since mid-2007.
