Titan said that drilling of the well is fast approaching the first of its initial targets at a depth of about 2,400ft, and it is following all the safety measures as per its policy.

The company and its drilling contractors have also set an additional liner in the well bore.

Titan is drilling the well JT Reese #S2 with a pre-drill plan to a total depth of 5,200ft targeting five different horizons at a location on the Northern flank of the Allen Dome salt dome.

It is estimated that each of the five different sands have the potential to produce about 50 barrels of oil per day if commercial quantities of oil are encountered.