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Monday, February 10, 2014 11:49:50 AM
First Titan Corp., dedicated to the exploration and development of oil and natural gas resources around the globe, recently issued an update on its impending acquisition of a Texas project with several thousand acres of “major production potential.”
Aligned with its broader strategy in building a substantial collection of oil and gas properties for sustained growth in the oil and gas industry, First Titan says it is set to close on the acquisition of a project that 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,” First Titan Interim CEO Robert Federowicz stated in the news release. “This is the kind of project First Titan is banking on to take our company to the next level.”
The project has demonstrated high upside, making it an attractive target as the latest addition to First Titan’s growing cache of energy assets in Texas.
In support of its overarching mission, First Titan 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.
For more information, visit: www.firsttitanenergy.com/investors.html
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