FTTN: Billion Dollar GTL Market Continues Expansion as Competitive Dynamics Sway in Favor
While First Titan Energy Corp. (OTCBB:FTTN) continues negotiations with a partner that converts flared gas reserves into higher value hydrocarbon fuel, an energy industry research firm reported that improved technology and investment funding by global oil companies will transform Gas-to-Liquids from a niche industry into a large-scale fuel producer over the next decade.
As Energy Business Reports projects the GTL industry to experience sustained growth in a market that is already evaluated at $5.29 billion, potential FTTN partner BioFuels Power Corp., continues to push commercialization of their technology to turn gas reserves into liquid diesel fuel for jets, buses, trucks, taxis and other mass transportation vehicles on a cost-effect basis compared to traditional crude refining processes.
“The Gas-to-Liquids technology possessed by BioFuels Power Corp. is an attractive means to generate potential future revenues for FTTN,” FTTN Interim CEO Robert Federowicz said. “The technology is cost-effective and can be used in a variety of platforms. There is a high-earning ceiling with GTL and we are excited by the prospect of entering this large and fast-growing industry.”
FTTN, an oil and gas energy company seeking continued growth of a diversified oil and gas portfolio, is negotiating with BioFuels Power Corp., an industry-accomplished company that possesses the technology to increase the financial returns of FTTN’s natural gas resource holdings and acquisition targets.
First Titan Corp. is building a substantial collection of oil and natural gas properties and is dedicated to the continuing development of energy assets throughout North America alongside companies such as Continental Resources, Inc. (NYSE: CLR), Chesapeake Energy Corp. (NYSE: CHK), SandRidge Energy Inc. (NYSE: SD) and Ultra Petroleum Corp. (NYSE: UPL).
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.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
First Titan Corporation
Robert Federowicz, 941-753-4889
Interim CEO
info@firsttitancorp.com
While First Titan Energy Corp. (OTCBB:FTTN) continues negotiations with a partner that converts flared gas reserves into higher value hydrocarbon fuel, an energy industry research firm reported that improved technology and investment funding by global oil companies will transform Gas-to-Liquids from a niche industry into a large-scale fuel producer over the next decade.
As Energy Business Reports projects the GTL industry to experience sustained growth in a market that is already evaluated at $5.29 billion, potential FTTN partner BioFuels Power Corp., continues to push commercialization of their technology to turn gas reserves into liquid diesel fuel for jets, buses, trucks, taxis and other mass transportation vehicles on a cost-effect basis compared to traditional crude refining processes.
“The Gas-to-Liquids technology possessed by BioFuels Power Corp. is an attractive means to generate potential future revenues for FTTN,” FTTN Interim CEO Robert Federowicz said. “The technology is cost-effective and can be used in a variety of platforms. There is a high-earning ceiling with GTL and we are excited by the prospect of entering this large and fast-growing industry.”
FTTN, an oil and gas energy company seeking continued growth of a diversified oil and gas portfolio, is negotiating with BioFuels Power Corp., an industry-accomplished company that possesses the technology to increase the financial returns of FTTN’s natural gas resource holdings and acquisition targets.
First Titan Corp. is building a substantial collection of oil and natural gas properties and is dedicated to the continuing development of energy assets throughout North America alongside companies such as Continental Resources, Inc. (NYSE: CLR), Chesapeake Energy Corp. (NYSE: CHK), SandRidge Energy Inc. (NYSE: SD) and Ultra Petroleum Corp. (NYSE: UPL).
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.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
First Titan Corporation
Robert Federowicz, 941-753-4889
Interim CEO
info@firsttitancorp.com
