BRADENTON, Fla.--(EON: Enhanced Online News)--As First Titan Corp. (OTCBB: FTTN) continues exploring assets to add its growing oil and gas portfolio, the company is evaluating a new play in South Texas with the potential for significant cash flow and resulting share price appreciation.
“We were introduced to this area as a result of a relationship with an experienced, private operator”
FTTN is researching a 1,000-acre patch of gas wells in Willacy County. The 3D seismic driven prospect promises shallow gas production with the potential for attractive financial returns for FTTN and its investors.
“We were introduced to this area as a result of a relationship with an experienced, private operator,” FTTN interim CEO Robert Federowicz said. “We are excited about the play’s moderate entry cost and high return potential. As an added bonus, we are evaluating how our recent expansion into the gas-to-liquids technology space may help further enhance the financial returns of our natural gas holdings and acquisition targets.”
FTTN, an oil and gas energy company seeking continued growth of a diversified oil and gas portfolio, has assembled an impressive collection of projects featuring some of the best plays in Alabama, Louisiana, Oklahoma and Texas. Drilling is currently ongoing at one of FTTN’s assets in Louisiana, the South Lake Charles Prospect.
First Titan Corp. is dedicated to the continuing development of energy assets throughout North America alongside companies such as Continental Resources, Inc. (NYSE: CLR), Chesapeake Energy Corp. (NYSE: CHK), SandRidge Energy Inc. (NYSE: SD) and Ultra Petroleum Corp. (NYSE: UPL).
For more information on FTTN’s oil and gas projects, please visit www.firsttitanenergy.com/investors.html.
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.