FTTN Looks to Improve Well Performance
April 01 2014 - 7:25AM
Business Wire
One of the assets of First Titan Corp. (OTCBB: FTTN) is being
scheduled for a squeeze job procedure to return the well to
production.
Upon completion of the squeeze job on the well in South Lake
Charles, Louisiana, the lower area of the original target zone
around 15,200 feet will be re-perforated to bring the well on
production on a full-time basis.
“The well in Louisiana is a massive project with a lot of moving
pieces,” FTTN CEO G. Jonathan Pina said. “FTTN determined long ago
this project was worth the investment, and, as new management who
inherited this project, FTTN may be at the precipice of beginning
to realize a return of its invested capital in South Lake Charles,
Louisiana.”
FTTN is seeking continued growth of a diversified oil and gas
portfolio. The Company 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 CorporationG. Jonathan
Pina, 850-269-7267President and CEOinfo@firsttitancorp.com