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FTTN Growing Asset Base with New Leadership at Helm
First Titan is an early-stage, publicly held company committed to the exploration and development of oil and natural gas resources around the globe. Through its wholly owned subsidiary, First Titan Energy LLC, the company seeks to build a robust portfolio of lucrative oil and natural gas assets with continuing, strong growth potential. To that end, First Titan looks to partner with energy developers that are seeking new, innovative methods of oil and gas extraction, inclusive of new technologies, cleaner methods, and unconventional resources.
Currently, the company is building up its oil and natural gas asset holdings in North America. It currently is involved in projects in Texas, Louisiana, Oklahoma, and Alabama. First Titan has signified interest in pursuing strategic acquisitions of promising assets in Canada and Mexico. First Titan’s positioning for taking advantage of production at these project sites comes as forecasts for the oil and gas industry are encouraging. The US Department of Energy projects that domestic production of natural gas will increase by 56 percent by 2014, and the International Energy Agency estimates that international demand for gas will reach 92.5 million barrels a day in 2014, an increase of over 1 million barrels per day in 2013.
Recently, First Titan appointed a new President and CEO to steer its efforts in taking advantage of this short-term and long-term growth potential. Mr. Jonathan Piña, who previously served First Titan as a consultant in 2013, draws upon extensive experience in the oil and gas industry, as well as his strong familiarity with First Titan’s potential and vision. Particularly, he has experience in leading companies through various market conditions and various capital raise and acquisition/divestiture transactions. For his record, he was recognized by the Houston Hispanic Chamber of Commerce as the Emerging Businessman of the Year in 2008.
Mr. Piña’s oil and gas expertise spans multiple areas, including: financial and transaction experience; conventional exploration and production; unconventional resource development; liquefied natural gas commercialization; midstream operations; crude refining; and oilfield service. Before First Titan, he was the Founder and Managing Partner of Pimuro Capital Partners, an advisory firm for small and mid-cap energy companies. Prior to his role at Pimuro, Mr. Piña was Co-Founder and CFO at Circle Star Energy Corp., where he was responsible for asset acquisition, capital raising, deal sourcing and structuring, SEC reporting, financial modeling and forecasting, and financial and operational reporting. Before these two roles, he served in the leadership of an advisory group at Chiron Financial Advisors and Project Manager at Randall & Dewey, which is now a division of Jeffries & Company.
In the news release that announced his appointment, Mr. Piña commented, “After spending the last year as a consultant for First Titan Corp., I fully understand the vision this company possesses. We are prioritizing unique and potentially lucrative acquisition targets that will elevate the company moving forward. This is an exciting time to take the reins at First Titan Corp.” With this experienced executive’s savvy and experience at its helm, First Titan looks to emerge as a strong player in the growing oil and gas market.
For more information about the company visit www.firsttitanenergy.com
