$FTTN @.1021very low volume! FTTN Secures Substan
Post# of 22757
Posted On: 07/22/2014 8:17:47 AM
$FTTN @.1021very low volume!
FTTN Secures Substantial Acreage and Begins Pre-Drill Planning
First Titan Corp. (OTCBB: FTTN) announced today a significant increase in the Company’s net leased acreage and the commencement of pre-drill planning on its Mustang Project located in East Central Texas.
FTTN’s operator notified the company that 1,000 acres have been leased in the Mustang Project area, which spans nine counties of the Lone Star State. FTTN acquired a 25 percent working interest in the Mustang Project in March; the area has proven productive from various oil and gas formations, namely the Austin Chalk, Buda, Georgetown and Bossier. FTTN’s operator notified the Company that a drilling permit will be filed with the Texas Railroad Commission within the next 60 days. Drilling is expected to commence within the next 120 days.
“We are excited by the news and look forward to spudding the well,” FTTN CEO G. Jonathan Pina said. “This project represents a push toward taking larger positions in areas that have the potential to change the trajectory of the Company. The Company plans to commence drilling and we plan to continue to participate in the active leasing program being undertaken by our operator.”
First Titan Corp. owns interests in wells located in Alabama, Oklahoma, Texas and Louisiana. The Company is building an asset base of oil and gas properties and is dedicated to the continued development of energy assets throughout North America alongside companies such as Lucas Energy, Inc. (NYSE: LEI), Earthstone Energy, Inc. (NYSE: ESTE), Fieldpoint Petroleum Corp. (NYSE: FPP) and Evolution Petroleum Corp. (NYSE: EPM).
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.
Copyright Business Wire 2014
Source: Business Wire (July 22, 2014 - 8:09 AM EDT)
News by QuoteMedia
FTTN Secures Substantial Acreage and Begins Pre-Drill Planning
First Titan Corp. (OTCBB: FTTN) announced today a significant increase in the Company’s net leased acreage and the commencement of pre-drill planning on its Mustang Project located in East Central Texas.
FTTN’s operator notified the company that 1,000 acres have been leased in the Mustang Project area, which spans nine counties of the Lone Star State. FTTN acquired a 25 percent working interest in the Mustang Project in March; the area has proven productive from various oil and gas formations, namely the Austin Chalk, Buda, Georgetown and Bossier. FTTN’s operator notified the Company that a drilling permit will be filed with the Texas Railroad Commission within the next 60 days. Drilling is expected to commence within the next 120 days.
“We are excited by the news and look forward to spudding the well,” FTTN CEO G. Jonathan Pina said. “This project represents a push toward taking larger positions in areas that have the potential to change the trajectory of the Company. The Company plans to commence drilling and we plan to continue to participate in the active leasing program being undertaken by our operator.”
First Titan Corp. owns interests in wells located in Alabama, Oklahoma, Texas and Louisiana. The Company is building an asset base of oil and gas properties and is dedicated to the continued development of energy assets throughout North America alongside companies such as Lucas Energy, Inc. (NYSE: LEI), Earthstone Energy, Inc. (NYSE: ESTE), Fieldpoint Petroleum Corp. (NYSE: FPP) and Evolution Petroleum Corp. (NYSE: EPM).
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.
Copyright Business Wire 2014
Source: Business Wire (July 22, 2014 - 8:09 AM EDT)
News by QuoteMedia
(0)
(0)
I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
Scroll down for more posts ▼