MIRAMAR BEACH, Fla.--(BUSINESS WIRE)--A Texas-based asset First Titan Corp. (OTCBB:FTTN) owns an interest in has a well scheduled for minor maintenance, which is expected to return the well to previous production levels.
The Minns #3, a well in the FTTN asset package in Waller County, Texas, will be fitted with new tubing to ensure maximum production once the well is back online. Repairs are scheduled to take place within the next week to 10 days.
“We anticipate this repair will restore the Minns #3 to its previous production levels,” FTTN CEO G. Jonathan Pina said. “The return on investment potential for this scheduled repair is apparent, and we anticipate this minor maintenance will allow the Minns #3 to reach or exceed the Company’s initial expectations when the well was acquired.”
First Titan Corp. owns non-operating working 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.