BRADENTON, Fla.--(BUSINESS WIRE)--First Titan Corp. (OTCBB: FTTN) announced today that the Company has promoted veteran energy executive Harvey S. Bryant to the position of chairman and CEO.
Bryant brings nearly four decades of energy industry experience to First Titan. For more than a decade, he handled oil and gas investments for the Oklahoma-based investment banking firm Anderson, Bryant and Company and helped found the National Investment Banking Association (NIBA).
Today, Bryant continues to consult and serve on the board of several oil and gas companies across the U.S. He has served as FTTN’s chief operating officer since October 2012. Bryant succeeds Robert Federowicz as CEO, who resigned his position at the beginning of the year to pursue other opportunities.
The Company will rely heavily on Bryant’s wealth of industry experience and contacts as it enters an ambitious 2013. The first well in Alabama’s Little Cedar Creek Field is already operating at maximum permitted output. Plans call for drilling to begin at a second well in neighboring Louisiana within a matter of weeks.
That’s only a start, however. First Titan is aggressively pursuing more exciting new opportunities in oil and gas in and around the Gulf Coast. The Company is also pursuing the acquisition of existing production wells in Louisiana, Texas and elsewhere.
For more information on First Titan’s oil and gas projects, please visit www.firsttitanenergy.com/investors.
First Titan is working to develop new energy solutions to compete in a booming global industry alongside Chesapeake Energy Corp. (NYSE: CHK), Anadarko Petroleum Corp. (NYSE: APC), SandRidge Energy Inc. (NYSE: SD) and Apache Corp. (NYSE: APA).
About First Titan Corp.
First Titan Corp., through its wholly owned subsidiary, First Titan Energy, LLC, is committed to the exploration and development of oil and natural gas resources around the globe. The Company continually seeks to partner with energy developers that are pursuing innovative new methods of oil and gas extraction, including the development of new technologies, cleaner methods and unconventional resources.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.