FTTN Seeks Landman as It Investigates Lucrative West Texas Prospects

By Business Wire,  July 02, 2014, 05:00:00 AM EDT

MIRAMAR BEACH, Fla.--(BUSINESS WIRE)-- First Titan Corp. (OTCBB:FTTN) seeks a high-level landman as the company takes the next step in its growth by adding lucrative assets in the oil-rich West Texas area to its portfolio. Spurred by the Cline Shale, oil and gas production in West Texas is projected to add $20 billion to the region's economy by 2022.

FTTN is specifically seeking a landman to investigate mineral rights in the Sweetwater-Abilene corridor. Texas produced over 733 million barrels of oil in 2013, and is projected to produce 3.4 million barrels of oil per day the rest of the year, according to a recent report by the Dallas Business Journal. A study by the University of Texas-San Antonio's Institute for Economic Development considers a $20 billion boost to the economy by the Cline Shale to be a conservative projection.

"Hiring an experienced landman enables us to more quickly identify worthwhile assets to pursue in the West Texas area," FTTN CEO G. Jonathan Pina said. "We are excited about the potential of growing First Titan's interests in this region."

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.

Source: First Titan Corp.

This article appears in: News Headlines

Referenced Stocks: EPM, ESTE, FPP, FTTN, LEI

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