NEW YORK, June 23, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced Titan Energy Ltd.  (ASX: TTE; OTCQX: TTENY), an Australian oil and gas exploration and production (E&P) company, has qualified to have its American Depositary Receipts (ADRs) trade on the OTCQX® Best Marketplace.

Logo - http://photos.prnewswire.com/prnh/20110118/MM31963LOGO

Titan Energy begins trading today on OTCQX under the symbol "TTENY," where each ADR represents 200 ordinary shares.  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

"We are pleased to welcome Titan Energy to our growing family of established U.S. and international companies on OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group.  "Trading on OTCQX will enable Titan Energy to increase its visibility with U.S. investors by providing transparent trading and convenient access to their news and financial disclosure.  We look forward to supporting Titan Energy's continued growth and success in the U.S. public markets."

Darren Levy, Chairman of Titan Energy, said, "We are pleased to join the OTCQX marketplace.  OTCQX provides us an efficient alternative to the NYSE.  The increased liquidity and enhanced disclosure in the USA will make Titan an attractive investment for U.S. investors who would otherwise be restricted from investment.  This will be significant as we grow and gain interest from potential U.S. based investors."

BNY Mellon serves as Titan Energy's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.

Titan Energy is an Australian Stock Exchange-listed oil and gas exploration and production company with current oil production from the Allen Dome oilfield in Texas.  Titan has gone through a period of considerable change in recent months after appointing Mr. Bradley Simmons as CEO in November 2014 and conducting a full review of the company, its operations and it assets.

Titan recently announced a US$75 million joint development agreement to fund in-field development oil exploration.  The three-year funding package will allow the company to fully explore its key assets: the highly prospective Allen Dome salt dome in Brazoria County, Texas, and the recently acquired Boling Dome in Wharton County, Texas.  These are proven oil fields with long histories of successful wells.

Titan commenced a multi-well drilling program on the northern flank of Allen Dome with the spudding of the JT Reese 14 on March 15, 2015.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities.  Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities.  We organize these securities into marketplaces to inform investors of opportunities and risks: the OTCQX® Best Marketplace; the OTCQB® Venture Marketplace; and the OTC Pink® Open Marketplace.  Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors.  To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.

OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.

Subscribe to the OTC Markets RSS Feed

Media Contact:
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, saskia@otcmarkets.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/otc-markets-group-welcomes-titan-energy-to-otcqx-300102657.html

SOURCE OTC Markets Group Inc.

Copyright 2015 PR Newswire

OTC Markets (QX) (USOTC:OTCM)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024 Plus de graphiques de la Bourse OTC Markets (QX)
OTC Markets (QX) (USOTC:OTCM)
Graphique Historique de l'Action
De Nov 2023 à Nov 2024 Plus de graphiques de la Bourse OTC Markets (QX)