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.