FTTN Explores Completion-Only Opportunity

First Titan Corp. (OTCBB:FTTN), an emerging energy company, announced today that it is currently performing due diligence on a promising new oil and gas opportunity that involves only the completion of a new well, eliminating the uncertainty of drilling.

FTTN is exploring the potential purchase of a working interest in a horizontal well in Oklahoma that has been drilled and cased to a vertical depth of 5,600 feet with a further 2,300 feet of horizontal. The well sponsor, Bedford Energy, Inc., estimates that the well completion at 60 days from funding, potentially providing a quick return on investment in the project.

This horizontal well is being engineered for completion using Packers Plus QuickFRAC technology. QuickFRAC allows the operator to do the job of pumping stages on surface while Packers Plus does the job downhole, providing as many individual stages. This is done by taking a single pumping treatment on surface and precisely directing it into 2-5 stages downhole. For the operator, pumping time and costs are reduced significantly and production results are greatly increased.

FTTN signed an option agreement to acquire Bedford Operating Co., the operating subsidiary of Bedford Energy, Inc., earlier this week.

First Titan Corp. is aggressively pursuing promising new oil and gas opportunities throughout the Southern U.S. The company has already acquired working interests in three new wells in Texas, Louisiana and Alabama this year and is currently performing due diligence toward the exploration of infield development in Oklahoma.

For more information on FTTN’s drilling initiative, please visit www.firsttitanenergy.com/investors.html.

First Titan is working to develop new energy solutions to compete in a booming global industry alongside Chesapeake Energy Corp. (NYSE: CHK), Anadarko Petroleum Corp. (NYSE: APC), SandRidge Energy Inc. (NYSE: SD) and Apache Corp. (NYSE: APA).

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.

For more information about First Titan Energy, please visit www.firsttitanenergy.com. Follow us on Twitter at www.twitter.com/firsttitancorp.

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.


First Titan Corporation
Robert Federowicz, 941-753-4889
President and CEO
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here