FTTN Seeks Optimum Results from Texas-based Well
June 09 2014 - 5:00AM
Business Wire
A Texas-based asset First Titan Corp. (OTCBB:FTTN) owns an
interest in has a well scheduled for minor maintenance, which is
expected to return the well to previous production levels.
The Minns #3, a well in the FTTN asset package in Waller County,
Texas, will be fitted with new tubing to ensure maximum production
once the well is back online. Repairs are scheduled to take place
within the next week to 10 days.
“We anticipate this repair will restore the Minns #3 to its
previous production levels,” FTTN CEO G. Jonathan Pina said. “The
return on investment potential for this scheduled repair is
apparent, and we anticipate this minor maintenance will allow the
Minns #3 to reach or exceed the Company’s initial expectations when
the well was acquired.”
First Titan Corp. owns non-operating working interests in wells
located in Alabama, Oklahoma, Texas and Louisiana. The Company is
building an asset base of oil and gas properties and is dedicated
to the continued 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@firsttitanenergy.com