FTTN Targets New Oil and Gas Acquisition to Expand Assets
MIRAMAR BEACH, Fla., Feb 04, 2014 (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.
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