MIRAMAR BEACH, Fla.--(BUSINESS WIRE)--First Titan Corp. (OTCBB: FTTN) expects promising results from its ongoing efforts to pursue smart oil & gas assets and continues talks with companies to identify and target suitable future acquisitions.
“A sharp eye can see there are many positive signs throughout the industry,” said FTTN CEO Sydney Jim. “We’re looking for – and finding – the opportunities others are missing. Companies lacking foresight can only see doom and gloom of the headlines. But headlines never tell the whole story. Our far-reaching strategy digs deeper and our comprehensive due diligence has identified solid, revenue-producing assets that are going to strengthen our bottom line and put us in an enviable position come the inevitable upswing.”
Oil prices have recently recovered to the $60 mark and many industry watchers speculate crude will remain strong through the remainder of the year. One respected industry sampling recently revealed that oil & gas industry capital expenditures should rise considerably in 2016 if oil prices stabilize at between $65 and $70 per barrel. Meanwhile, the active U.S. land rig count has begun to stabilize, as the latest survey showed only two fewer rigs working than the previous week, the smallest decline since the oil price slide began.
For more information on FTTN’s oil and gas projects, please visit www.firsttitanenergy.com.
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.