The wells are located on 800 acres of land approximately 80 miles northwest of Edmonton, Canada, in the Leaman area.
Current gross production is about 60 barrels of oil a day and there is potential for another well to be drilled in the future.
Titan Oil & Gas president Jarnail Dhaddey said Titan has now achieved its goal of becoming a producing oil company.
Titan Oil & Gas is a US based company exploring and acquiring land in key petroleum-producing regions of Alberta.
