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FTTN Production Surpassing Earlier Estimates
First Titan Corp. announced today that the production numbers from an Alabama well it owns interest in is exceeding expectations and is expected to match or surpass pre-production projections.
The company’s producing well in the Little Cedar Creek Field in Alabama is pumping approximately 343 barrels of oil and 58,000 cubic feet of gas per day. Earlier estimates for the Conecuh County Brooklyn Field were for 400,000 to 800,000 barrels of oil to be extracted.
“Production at the Alabama well is on schedule and is quite promising at this point of extraction,” FTTN Interim CEO Robert Federowicz said. “We have full confidence the final production numbers will land within the initial well estimates, if not exceed them.”
FTTN, an oil and gas energy company seeking continued growth of a diversified oil and gas portfolio, possesses some of the best plays in Alabama, Louisiana, Oklahoma and Texas, and it is currently exploring additional acquisitions.
First Titan Corp. is compiling a noteworthy collection of oil and gas properties and is dedicated to the continuing development of energy assets throughout North America along with companies such as Chesapeake Energy Corp. (NYSE: CHK), Continental Resources, Inc. (NYSE: CLR), Ultra Petroleum Corp. (NYSE: UPL) and SandRidge Energy Inc. (NYSE: SD).
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 continues to pursue partnerships with energy developers that are studying new methods of oil and gas extraction, including the development of new technologies, cleaner methods and unconventional resources.
For more information about the company visit www.firsttitanenergy.com
