FTTN Well Positioned As GE Invests Heavily In Domestic Energy
BRADENTON, Fla.--(BUSINESS WIRE)-- With branded companies such as General Electric (NYS: GE) investing billions of dollars into domestic energy production, surging Florida energy company First Titan Corp. (OTCBB: FTTN) is positioned to capitalize on the U.S. energy boom thanks to its expanding domestic oil and gas portfolio.
The Associated Press reported last week that "the new boom of oil and gas drilling" poised to "improve profits for clients and reduce the environmental and health effects of the boom" has driven GE to open a new energy laboratory in Oklahoma, buy up related companies and place a big bet that scientific improvements will improve energy profits.
Even as the world's biggest investment players turn their full attention to U.S. energy production and drilling technologies, FTTN is already working to facilitate oil and gas production in the Sooner State as part of an aggressive growth strategy for 2013. FTTN acquired a working interest in a well known as Breaux #2, located in Logan County, Okla., 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 with a multi-stage hydraulic fracking job.
Breaux #2 is only one of several working interests in First Titan's growing collection of assets. With the domestic oil and gas boom now in full swing, FTTN is positioned to potentially strike gold in the oil and gas industry.
FTTN is a rising oil and gas company dedicated to the continuing development of energy assets throughout North America 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.
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
Harvey S. Bryant, 941-753-4889
President and CEO
KEYWORDS: United States North America Florida
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