Followers | 437 |
Posts | 42954 |
Boards Moderated | 2 |
Alias Born | 05/08/2006 |
Tuesday, November 05, 2013 8:45:38 AM
First Titan Corp., an oil and natural gas development company, today noted it has possibly made a noteworthy discovery in the course of its drilling at a new oil well in South Lake Charles, Louisiana. One of its recent mud log samples indicates there might be hydrocarbons in a sand interval several thousand feet above the target area.
Moving into the second month of drilling, FTTN has reached a depth of 12,300 feet at this oil well. Mud log samples that were taken as the drilling of the interval between 11,800 and 11,900 feet showed there might be hydrocarbons in that area’s sand interval. This interval could add reserves to the already strong reserve estimates for the well. FTTN previously found a Camarina “A” interval at 11,100 feet and Cyclomina “A” interval at 11,970 feet.
“The South Lake Charles well is being drilled carefully and methodically, and we are very pleased with the progress thus far,” FTTN Interim CEO Robert Federowicz said. “We anticipate drilling will be finished in the next several weeks, and, at that point, we look forward to testing the well’s production capabilities.”
FTTN has oil holdings in Alabama, Oklahoma, Texas, and Louisiana, where the South Lake Charles Prospect is located. The company plans to drill down to a target depth of 15,300 feet. Initial reserve estimates for the well were put at an approximate 60 billion cubic feet of gas and 4 million barrels of oil as available for extraction. It continues to seek other development opportunities of oil and natural gas through its wholly owned subsidiary, First Titan Energy, LLC, as well.
For more information, visit: www.firsttitanenergy.com
Recent GSTC News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/17/2024 08:05:07 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 02/15/2024 04:33:13 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 01/19/2024 10:13:47 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 01/02/2024 09:21:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 05:32:02 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/17/2023 08:01:04 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 08:31:39 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM