Titan's four permits in the US cover old plays that new technology proves to still be capable of production.
It sounds like small time production but when you take into account the infrastructure already in place and the conduciveness of the US regulatory environment to oil and gas, it starts to make sense for a smaller company.
"It could be anything up to 10 times the price difference to drill in Australia compared to the US and that's down to a lot of reasons," Titan non-executive director Colin Hay said.
Rig availability is a big one, while environmental management and other regulatory procedures are also a sticking point.
"It can be very quick in an area where drilling's been carried out before, you can pretty much buy a project and start drilling in days," he said.
That's compared to the two wells the company has in Western Australia's Perth Basin, where regulatory red tape can blow out the time and cost of a project.
"It's not only the hiring of the equipment and people to drill the well, it's all the work that goes into getting approval to drill the well and then the monitoring of the well."
The JT Reece #S2 well at the Allen Dome project in Texas is the company's biggest producer to date, at around 30-50 barrels of oil per day which, along with the company's other projects, provides enough revenue to focus on future exploration.
"[We want to] drill multiple wells into Allen Dome and we're looking at other potential salt dome projects to go with other projects we have," Hay said.
"They're not going to be massive producers but tied together we would hope that we can get some really good production figures up in the next few years."
The strategy isn't new.
In fact, Titan based its US plans on the activities of another company targeting the Texas salt domes, Maverick Drilling and Exploration, which started out targeting historically proven areas and has since grown its market capitalisation to $A223.5 million.
Titan's market cap sits a $6.2 million but it expects its multiple prospects will serve it adequately to replicate the trajectory of Maverick.
"[Maverick's] model was to find salt domes like we have and then drill multiple wells into them. So at this stage, they've got two or three salt domes and they just drill multiple wells," Hay said.
"They may not produce big numbers but as an accumulative figure, their production is quite high so that's why they've become a real favourite of the stock exchange and that's what we want to do."
Titan's bigger plans in terms of production may lie in the Perth Basin, however, where international focus has fixed on the potential volumes of tight gas trapped in the region.
Titan has two prospects in the Perth Basin in the form of its 100%-owned DR 11 permit where it is testing the proven Cadda formation through its Warradarge-1 well and the EP-455 permit where the company has an 18.5% stake in a joint venture with AWE.
Approval is being sought for the drilling of Warradarge-2, 4.1km northeast of Warradarge-1, with the company waiting on a separate environmental approval to be considered by authorities.
EP-455 represents an opportunity to become involved with a tight gas project that the company would otherwise not be able to afford.
AWE carries 81.5% of equity in the project, with the farm-in agreement dictating that AWE carry Titan through a gross permit expenditure of up to $7.5 million.
With both the option for conventional and unconventional gas in the region, the company may be able to get away with not having to outlay the additional costs of fraccing.
Such is the expense of a tight gas operation that if a major fraccing program is decided upon at EP-455, Titan may look at farming out its stake.
With capital raising programs in place to support ventures into further US projects in 2014, Titan looks well placed to continue its upwards trajectory.
