Summary of Titan Oil Field Applications

The following summarizes field applications by Titan since embarking on commercial operations. It encompasses 106 treatment applications on 15 oil fields.
$4,000,000

(July 2007 to December 2010)

l 98 treatments of the 106 planned treatments are

Canadian Field

Highlights Include:

l 100% success rate on Injector well treatments. l 80% success rate on producer well treatments l 55 wells with 88 treatments showed an average production

increase of 127%.

completed (8 pending). $3,500,000 l The Titan Process creates a positive oil production $3,000,000 response in oil fields $2,500,000 l The average cost per incremental bbl for two full-field $2,000,000 applications was under $10 per bbl $1,500,000 to $20-50 per incremental bbl for other EOR (compared methods. $1,000,000
$500,000 $0

Two Fields with Full Field Applications of the Titan Process

Cost

Incremental Revenue

Canadian Field
$4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0

California Field

Cost

Incremental Revenue

Cost

Incremental Revenue

California Field
$2,500,000

The table below shows that organic oil recovery creates the desired oil production response in oil fields by releasing trapped oil from the reservoir. This table indicates the performance as measured by an increase in oil production rate comparing pre-treatment rate with post-treatment peak rate measured by operator well tests.

Production Rate Increase Performance

Summary PRODUCERS INJECTORS Confirmed Results Pending ALL WELLS Wells Treated Confirmed Results Wells Treated Pending TOTAL 62 3 65 98 8 106 55 89% 127% 27 3 60 8 27 100% 47% # of Wells 35 # of TMTs 38 # of Increases 28 Success Rate 80% % Oil Increase 205%

Production Response for 9-Well Injection pilot project with Titan Process (Production Rate versus time)

As organic oil recovery technologies achieve wider and wider use with proven success, the process will become a widely accepted norm as an adjunct to waterflooding in appropriate types of oil reservoirs. Then, organic oil recovery will be an accepted process to mitigate oil production decline on target reservoirs.

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