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FTTN's Horizontal Well Speeds Toward Completion

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By Business Wirevia The Motley Fool

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FTTN’s Horizontal Well Speeds Toward Completion

BRADENTON, Fla.–(BUSINESS WIRE)– First Titan Corp. (OTCBB: FTTN) issued an update today on its horizontal well prospect in Logan County, Okla. The company reports that the first stage of a two-stage completion process has been completed.

After hitting the production zone with 4000 gallons of hydrochloric acid, workers are now pumping out the stimulation fluid from the well. In the second stage of completion, the zone will be fractured with a nitrogen foam acid.

Known as Breaux #2, the horizontal well has been engineered by its sponsor, Bedford Energy, Inc., with a reserve report that includes proven reserves of 160,000 barrels of oil and 1.5 billion cubic feet of natural gas, based on nearby wells. FTTN estimates that it could produce more than $14 million worth of resources.

Breaux #2 is one of many oil and gas assets across the U.S. in which FTTN owns a working interest. Drilling preparations are now underway at the company’s lease near South Lake Charles, La., and FTTN expects to dramatically increase its deal activity in the coming weeks as it pursues an aggressive expansion strategy.

FTTN is dedicated to continuing development of energy assets throughout the country, alongside companies such as Continental Resources, Inc. (NYS: CLR) , Chesapeake Energy Corp. (NYS: CHK) , SandRidge Energy Inc. (NYS: SD) and Ultra Petroleum Corp. (NYS: UPL) .

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.

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

From: http://www.dailyfinance.com/2013/04/18/fttns-horizontal-well-speeds-toward-completion/

Business, Finance, Occupation & Industry

FTTN in Negotiations to Acquire Producing Oil and Gas Assets in Hardin County, Texas

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By Business Wirevia The Motley Fool

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FTTN in Negotiations to Acquire Producing Oil and Gas Assets in Hardin County, Texas

BRADENTON, Fla.–(BUSINESS WIRE)– First Titan Corp. (OTCBB: FTTN), a fast-growing energy company, announced today it is in negotiations to acquire a working interest in approximately 1,000 acres in Hardin County, Texas. The subject properties include producing assets with development upside.

Located on the Texas Gulf Coast, the assets are in an area that has been targeted by oil and gas companies for several decades. If acquired, the assets will be added to the company’s Texas portfolio, which currently includes assets in Terrell County.

April has been a busy month for FTTN. In addition to hiring new energy consultants to help scout new opportunities, the company is working to facilitate oil and gas production in Oklahoma and Louisiana. These activities are part of FTTN‘s aggressive growth strategy for 2013. FTTN hopes to announce many new acquisitions in the coming months.

FTTN is a fast-growing oil and gas company dedicated to continuing development of energy assets throughout the country, alongside companies such as Continental Resources, Inc. (NYS: CLR) , Chesapeake Energy Corp. (NYS: CHK) , SandRidge Energy Inc. (NYS: SD) and Ultra Petroleum Corp. (NYS: UPL) .

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.

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

From: http://www.dailyfinance.com/2013/04/11/fttn-in-negotiations-to-acquire-producing-oil-and-/

Business, Finance, Occupation & Industry

FTTN Explores Mergers & Acquisitions as a New Expansion Strategy

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By Business Wirevia The Motley Fool

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FTTN Explores Mergers & Acquisitions as a New Expansion Strategy

BRADENTON, Fla.–(BUSINESS WIRE)– With two new oil wells scheduled to begin producing in the coming weeks, 2013 is set to be a year of major growth for First Titan Corp. (OTCBB: FTTN). The company announced today that it is now pursuing new asset acquisitions and corporate mergers to facilitate additional expansion this spring.

“While we continue to build our oil and gas asset base, we are evaluating ancillary assets such as transportation infrastructure, marketing platforms and technological innovations that would further compliment the FTTN portfolio,” said CEO Harvey S. Bryant. “We’re particularly interested in working with individuals and companies who own oil and gas assets who would benefit from our development assistance and access to the public markets.”

First Titan is currently evaluating several oil and gas asset acquisitions in Texas as potential additions to the working interests that FTTN currently owns. Drilling preparations are now underway at the company’s lease near South Lake Charles, La., and its horizontal well prospect in Logan County, Okla., is rigged up and ready for completion. FTTN expects to dramatically increase its deal activity in the coming weeks as these projects begin to pay off for the company.

FTTN is dedicated to continuing development of energy assets throughout the country, alongside companies such as Continental Resources, Inc. (NYS: CLR) , Chesapeake Energy Corp. (NYS: CHK) , SandRidge Energy Inc. (NYS: SD) and Ultra Petroleum Corp. (NYS: UPL) .

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.

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 …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

FTTN Hires Energy Consultants to Scout High-Potential Oil & Gas Targets

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By Business Wirevia The Motley Fool

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FTTN Hires Energy Consultants to Scout High-Potential Oil & Gas Targets

BRADENTON, Fla.–(BUSINESS WIRE)– First Titan Corp. (OTCBB: FTTN) announced today that it has hired Pimuro Capital Partners, LLC, to source and evaluate high-potential oil and gas opportunities on behalf of the company.

Pimuro Capital Partners possesses strong business ties throughout the U.S. energy sector and will provide a broad base of services to FTTN. The firm’s principles have previously advised companies including ConocoPhillips, Marubeni Corporation, PetroSA, Cygnus Oil & Gas, McMoRan Exploration Co., Chevron, Sojitz, RepsolYPF and Cano Petroleum, Inc. The firm specializes in assisting companies seeking merger and acquisition advisory, general corporate finance advisory and private capital raise services.

“Pimuro will assist FTTN with sourcing and analyzing promising new opportunities as the company works to increase its oil and gas asset base in this booming industry,” said FTTN CEO Harvey S. Bryant. “Pimuro may also assist FTTN in sourcing capital to further propel the company’s growth.”

Pimuro’s assistance may soon prove invaluable as FTTN pursues a highly ambitious plan for growth in 2013. The company’s well in Alabama’s Little Cedar Creek Field is already operating at maximum permitted output, and work is now underway in Logan County, Okla., where the company is completing its horizontal well prospect. Additionally, drilling preparations have begun at the company’s lease near South Lake Charles, La.

Regardless of the high-level of activity being undertaken by the company currently, FTTN isn’t slowing down. The company is dedicated to continuing development of energy assets throughout the country, alongside companies such as Continental Resources, Inc. (NYS: CLR) , Chesapeake Energy Corp. (NYS: CHK) , SandRidge Energy Inc. (NYS: SD) and Ultra Petroleum Corp. (NYS: UPL) .

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.

For more information about First Titan Energy, please visit www.firsttitanenergy.com. Follow us on Twitter …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Prep Work Begins at FTTN's Louisiana Drilling Site

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By Business Wirevia The Motley Fool

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Prep Work Begins at FTTN’s Louisiana Drilling Site

BRADENTON, Fla.–(BUSINESS WIRE)– First Titan Corp. (OTCBB: FTTN), a fast-growing domestic energy company, announced today that drilling preparations are now underway at the company’s lease near South Lake Charles, La.

The South Lake Charles prospect is one of two working interests that FTTN owns in Louisiana, one of the nation’s top energy producing states. Two wells have produced 21.3 billion cubic feet of gas and 1.7 million barrels of oil in the South Lake Charles field. There is a proved trapping fault block on the west flank of the field, up-dip to production.

Currently, FTTN and its partners are standing by while the site is cleared and leveled, access roads are completed, water is sourced, and a reserve pit is dug. When that’s complete, work will begin to rig up the location. FTTN expects drilling to begin next month.

The South Lake Charles site is one of numerous prospective wells in which FTTN owns a working interest across the U.S. Last week, the on-site drilling rig touched bottom at 7,300 feet on the partially drilled well at FTTN‘s lease in Logan County, Okla. The company expects to have three wells producing across the country in a matter of weeks—an important milestone in FTTN‘s ambitious domestic energy plans.

FTTN is dedicated to developing new energy solutions to compete in a booming global industry alongside Continental Resources, Inc. (NYS: CLR) , Chesapeake Energy Corp. (NYS: CHK) , SandRidge Energy Inc. (NYS: SD) and Ultra Petroleum Corp. (NYS: UPL) .

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.

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

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Source: FULL ARTICLE at DailyFinance

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FTTN's Horizontal Well is Rigged Up and Ready for Completion

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By Business Wirevia The Motley Fool

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FTTN’s Horizontal Well is Rigged Up and Ready for Completion

BRADENTON, Fla.–(BUSINESS WIRE)– First Titan Corp. (OTCBB: FTTN) announced today that its horizontal well prospect in Logan County, Okla., is now rigged up and ready to complete.

Known as Breaux #2, the well has been engineered by its sponsor, Bedford Energy, Inc., with reserve report that includes proven reserves of 160,000 barrels of oil and 1.5 billion cubic feet of natural gas, based on nearby wells. The company estimates that it could produce more than $14 million worth of resources.

FTTN acquired a working interest in Breaux #2 last year.

This week, the on-site drilling rig touched bottom at 7,300 feet on the partially drilled well. The next step will be to begin work on the lateral hole and inserting pipe.

Executives expect that it will be an exciting spring for the company, with FTTN‘s lease near South Lake Charles, La., is now being prepped for drilling, as well.

FTTN expects to have three wells producing across the U.S. shortly. It’s only the beginning of the company’s ambitious domestic energy plans.

FTTN is dedicated to developing new energy solutions to compete in a booming global industry alongside Continental Resources, Inc. (NYS: CLR) , Chesapeake Energy Corp. (NYS: CHK) , SandRidge Energy Inc. (NYS: SD) and Ultra Petroleum Corp. (NYS: UPL) .

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.

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 …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

FTTN: Work Set to Begin This Week on Horizontal Well Completion

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By Business Wirevia The Motley Fool

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FTTN: Work Set to Begin This Week on Horizontal Well Completion

BRADENTON, Fla.–(BUSINESS WIRE)– First Titan Corp. (OTCBB: FTTN), an energy development company that owns stakes in prospective oil and gas wells across the Southern U.S., announced today that plans call for work to begin this week on the completion of its horizontal well prospect in Logan County, Okla.

It’s big news for FTTN. The company estimates its potential production at more than $14 million worth of resources. The well, known as Breaux #2, has been engineered by its sponsor, Bedford Energy, Inc., with reserve report that includes proven reserves of 160,000 barrels of oil and 1.5 billion cubic feet of natural gas, based on nearby wells.

“We expect Breaux #2 to be a good producer for us,” said FTTN CEO Harvey S. Bryant. “All of the reporting has been tremendously positive. All that remains now is to complete the well.”

FTTN acquired a working interest in Breaux #2 last year. The well was previously drilled to a vertical depth of 5,456 feet with a lateral bore length of 2,704, and is ready for completion.

2013 is shaping up to be an exciting year for FTTN. The company’s lease near South Lake Charles, La., is now being prepped for drilling, as well.

“We’ve got many more projects in the pipeline to follow,” Bryant said. “We feel that market conditions are very favorable for us at the moment, and we’re working hard to capitalize.”

FTTN is dedicated to developing new energy solutions to compete in a booming global industry alongside Continental Resources, Inc. (NYS: CLR) , Chesapeake Energy Corp. (NYS: CHK) , SandRidge Energy Inc. (NYS: SD) and Ultra Petroleum Corp. (NYS: UPL) .

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.

For …read more
Source: FULL ARTICLE at DailyFinance