BRADENTON, Fla.--(BUSINESS WIRE)--As First Titan Corp. (OTCBB: FTTN) continues to add to its growing list of oil and gas assets, FTTN is focusing its efforts on three potentially lucrative acquisitions, with the objective to complete one of those projects within 45 days.
FTTN, a rising oil and gas energy company, is intent on acquisitions in the prolific East Texas, South Texas and Central Oklahoma regions. Each of the three high-graded acquisition candidates will launch FTTN into a drilling program in a multi-million barrel oil field.
Final selection of the acquisition will be determined by financial and operational terms and strategic fit between FTTN and the operator partner. As with all acquisitions, FTTN is taking a long-term view and has targeted the three acquisitions based upon their strategic fit within the FTTN strategy of investing in areas with potential for significant financial impact and large scale application of development processes and technologies.
First Titan Corp. is building an impressive collection of oil and 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.