MIRAMAR BEACH, Fla.--(BUSINESS WIRE)--One of the assets of First Titan Corp. (OTCBB: FTTN) is being scheduled for a squeeze job procedure to return the well to production.
Upon completion of the squeeze job on the well in South Lake Charles, Louisiana, the lower area of the original target zone around 15,200 feet will be re-perforated to bring the well on production on a full-time basis.
“The well in Louisiana is a massive project with a lot of moving pieces,” FTTN CEO G. Jonathan Pina said. “FTTN determined long ago this project was worth the investment, and, as new management who inherited this project, FTTN may be at the precipice of beginning to realize a return of its invested capital in South Lake Charles, Louisiana.”
FTTN is seeking continued growth of a diversified oil and gas portfolio. The Company is building a substantial collection of oil and gas properties and is dedicated to the continuing 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.