FTTN Focuses on Expanding Oil and Gas Assets
BRADENTON, Fla.--(BUSINESS WIRE)-- With new company COO Harvey Bryant now in the fold, First Titan Corp. (OTCBB: FTTN) CEO Robert Federowicz announced today the new executive's first order of business will be accelerating the company's acquisition strategy.
"Mr. Bryants's exploration and development experience, together with his successful track record of hydrocarbon discoveries and operational delivery, make him an invaluable asset to the First Titan team," Federowicz said. "As we enter a period during which we anticipate increased production and expanding operations, Mr. Bryant will be in charge of managing the company's existing projects as well as developing new prospects in our robust pipeline."
First Titan has enjoyed a productive year in 2012, acquiring working interests in numerous prospective oil and gas wells in the Southern U.S. With oil now flowing at FTTN's new well in the Little Cedar Creek Field in Alabama, the company will turn its focus to bringing more of its working interests online in the coming months and acquiring more promising drilling sites in the U.S.
For more information on FTTN's oil and gas projects, please visit www.firsttitanenergy.com/investors.
First Titan is working to develop new energy solutions to compete in a booming global industry alongside Chesapeake Energy Corp. (NYS: CHK) , Anadarko Petroleum Corp. (NYS: APC) , SandRidge Energy Inc. (NYS: SD) and Apache Corp. (NYS: 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.
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
KEYWORDS: United States North America Florida
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