FTTN Targets New Oil and Gas Acquisition to Expand Assets
February 04 2014 - 5:00AM
Business Wire
While the company continues implementing its strategy for
sustained growth in the oil and gas industry, First Titan Corp.
(OTCBB: FTTN) is set to close on a new acquisition in the
crude-rich Lone Star State that has the potential to produce
unprecedented gains for investors.
FTTN is eyeing a Texas project with high upside as the latest
addition to its growing cache of energy assets in the state. The
field boasts several thousand acres with major production
potential. The project includes several known productive horizons,
specifically the Austin Chalk, Eagle Ford, Buda, Georgetown and
Woodbine.
“First Titan is a forward-thinking company, and based on all we
have seen to date, this project is a potential game-changer and can
be our most productive asset,” FTTN Interim CEO Robert Federowicz
said. “This is the kind of project First Titan is banking on to
take our company to the next level.”
FTTN is an oil and gas energy company seeking continued growth
of a diversified oil and gas portfolio. It is building a
substantial collection of oil and gas properties and is dedicated
to the continuing development of energy assets throughout North
America alongside companies such as Lucas Energy, Inc.
(NYSE: LEI), Earthstone Energy, Inc. (NYSE: ESTE),
Fieldpoint Petroleum Corp. (NYSE: FPP) and Evolution Petroleum
Corp. (NYSE: EPM).
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.
First Titan CorporationRobert
Federowicz, 850-269-7267Interim CEOinfo@firsttitancorp.com