FTTN: Enhanced Oil Recovery Poised to Be Energy Industry’s New Promising Trend

LAS VEGAS--()--As First Titan Corp. (OTCBB: FTTN) continues its due diligence on a potential move into enhanced oil recovery (EOR), the company is finding increased enthusiasm in the industry for the process, with one prominent online news portal calling it “the next big thing.”

According to OilPro.com, “The falling price of oil could mean that Enhanced Oil Recovery could become ‘The Next Big Thing’ in the oil business due to the high cost of hydraulic fracture drilling, which will prohibit E&P going forward as the price of oil remains low.”

OilPro.com also said that several thousands of so-called stripper wells that have been plugged contain billions of barrels of oil recoverable only through EOR technologies.

“The main takeaway is that exploration and production are now becoming cost-prohibitive thanks to continually falling oil prices,” said FTTN CEO Sydney Jim. “EOR is rapidly becoming a cost-effective way to competitively produce in the current price environment. If EOR on already producing wells is cheaper than new exploration, fracking or developing shale deposits, then this technology creates a unique market opportunity we can take advantage of to build revenues. This is the kind of information we are looking for to enable us to make the most prudent decision on the future of FTTN.”

Some analysts speculate EOR technology could be a vital weapon to fight back against OPEC in the current global oil price war.

FTTN has been investigating EOR as part of an effort to diversify its business portfolio to better profit from the present market conditions.

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.

Contacts

First Titan Corporation
Sydney Jim, 702-448-8148
President and CEO
info@firsttitanenergy.com

Contacts

First Titan Corporation
Sydney Jim, 702-448-8148
President and CEO
info@firsttitanenergy.com