LAS VEGAS–(BUSINESS WIRE)–As the calendar year 2015 winds down, First Titan Corp. (OTCQB:FTTN) is ramping up its aggressive oil and gas acquisition plans on the heels of its letter of intent (LOI) signing for a property in northwest Texas.
“FTTN is in a strong position to go after a variety of promising prospects,” said company CEO Sydney Jim. “We can now begin putting our long-range plan into action. One of the primary components of that strategy is to use the current low oil price environment to acquire properties and leases at a deep discount in order to build a diverse revenue-producing portfolio. Thanks to the economic situation, there are a lot of companies wanting to (or having to) sell valuable assets quickly. It’s a buyer’s market and we can deal from a position of strength.”
FTTN’s recent LOI is for a property in the Barnett Shale region of Texas. Mr. Jim said the company will concentrate on other leases in that area, as well as in the Cline Shale, where FTTN signed an LOI earlier this year.
Other areas of interest FTTN could investigate include the prolific Bakken Shale region of the north central United States, primarily in North Dakota, and Mexico, which has recently opened its oil and gas sector to outside investment.
FTTN is building a competitive portfolio of oil and gas properties alongside companies such as Lucas Energy, Inc. (LEI), Earthstone Energy, Inc. (ESTE), Fieldpoint Petroleum Corp. (FPP) and Evolution Petroleum Corp. (EPM).
For more information on FTTN’s oil and gas projects, please visit www.firsttitanenergy.com.
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
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