MIRAMAR BEACH, Fla.--(BUSINESS WIRE)--
A Texas-based asset First Titan Corp. (OTCBB:FTTN) owns an interest in
has a well scheduled for minor maintenance, which is expected to return
the well to previous production levels.
The Minns #3, a well in the FTTN asset package in Waller County, Texas,
will be fitted with new tubing to ensure maximum production once the
well is back online. Repairs are scheduled to take place within the next
week to 10 days.
"We anticipate this repair will restore the Minns #3 to its previous
production levels," FTTN CEO G. Jonathan Pina said. "The return on
investment potential for this scheduled repair is apparent, and we
anticipate this minor maintenance will allow the Minns #3 to reach or
exceed the Company's initial expectations when the well was acquired."
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 Corporation