FTTN Seeks Landman as It Investigates Lucrative West Texas Prospects
July 02 2014 - 5:00AM
Business Wire
First Titan Corp. (OTCBB: FTTN) seeks a high-level landman as
the company takes the next step in its growth by adding lucrative
assets in the oil-rich West Texas area to its portfolio. Spurred by
the Cline Shale, oil and gas production in West Texas is projected
to add $20 billion to the region’s economy by 2022.
FTTN is specifically seeking a landman to investigate mineral
rights in the Sweetwater-Abilene corridor. Texas produced over 733
million barrels of oil in 2013, and is projected to produce 3.4
million barrels of oil per day the rest of the year, according to a
recent report by the Dallas Business Journal. A study by the
University of Texas-San Antonio’s Institute for Economic
Development considers a $20 billion boost to the economy by the
Cline Shale to be a conservative projection.
“Hiring an experienced landman enables us to more quickly
identify worthwhile assets to pursue in the West Texas area,” FTTN
CEO G. Jonathan Pina said. “We are excited about the potential of
growing First Titan’s interests in this region.”
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