First Titan continues leading the charge for U.S. energy independence through a growing portfolio of oil and gas properties in the Gulf Coast region, with new additions like the South Lake Charles Prospect in Louisiana (potential production estimates as high as 60B cubic feet of gas and 4M bbls of oil) firmly reinforcing their growth strategy, and the company was pleased to report today that FTTN execs will be on-hand at the PLS Dealmakers Prospects and Properties Expo this October 2nd in Houston to get a look at new opportunities.
Chief among the subjects FTTN will be touting at this year’s expo will be ongoing drilling at the new South Lake Charles acquisition, as well as their plans to continue to grow the asset footprint, with five new wells already earmarked for acquisition, stretching from West Texas to Alabama. An eager audience of big-time industry players always turns up for this expo and it is seen by many as the prospects and properties venue of the season for the entire sector, meaning FTTN will have a captive audience that can accelerate their partnering strategy.
Over 1k leaders from across the oil and gas industry will be at the expo, which enjoys a reputation as the original forum for buying and selling sector properties. With over 100 exhibition booths to be set up at this one day event, FTTN will also get the chance to thoroughly scope out prospective acquisition targets and complete a comprehensive survey of the current deal landscape, activities which will also provide execs a chance to catch up on the latest plays and hot spots.
Generally, the PLS Dealmakers Expo draws in executives and other leadership from some of the biggest names in oil and gas, from heads of major oil companies to international investment and private equity firms. The bounty of both public and private domestic companies the expo typically features makes it a smorgasbord for a growth-focused, hungry company like FTTN and they will be eyeing the field like a hawk this year, intent on coming out of the conference with a supercharged acquisition playbook.
The operator at FTTN’s South Lake Charles property, veteran drilling firm, Intrepid Drilling, is targeting an abundance of oil and gas in a proved trapping fault block on the west flank of the field at depths of around 15.3k feet. At last word the pad site for the new well was in and the well was spud around Labor Day, with Intrepid having moved in a drilling rig.
More info on First Titan Corp. is available at www.FirstTitanEnergy.com
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