MIRAMAR BEACH, Fla.--(BUSINESS WIRE)--Florida-based energy company First Titan Corp. (OTCBB:FTTN) announced today that the company will investigate diversifying its holdings portfolio with new alternative positions in the oil and gas sector. The company has begun weighing new opportunities to bring cutting-edge gas-to-liquid technologies to the marketplace.
Gas-to-liquids technology includes cutting-edge methods to transform natural gas into high-quality, high-value energy and chemical products, including transport fuels, base oils and more. On an industrial scale, the technology is still in its infancy, with plenty of opportunity for increased efficiency. Thanks to the North American shale gas boom and the de-linking of oil and gas prices, FTTN has identified a viable growth opportunity in the conversion of low-priced gas into high-value transport fuels and other products.
The company will weigh opportunities to add new gas-to-liquids assets to its energy portfolio in order to continue its growth trajectory during the current period of low oil prices. First Titan Corp. currently owns interests in oil and gas wells located in Alabama, Oklahoma, Texas and Louisiana.
FTTN 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.
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.