First Titan Corp., dedicated to the exploration and development of oil
and natural gas resources around the globe, recently issued an update on its
impending acquisition of a Texas project with several thousand acres of “major
production potential.”
Aligned with its broader strategy in building a substantial collection of
oil and gas properties for sustained growth in the oil and gas industry, First
Titan says it is set to close on the acquisition of a project that includes
several known productive horizons, specifically the Austin Chalk, Eagle Ford,
Buda, Georgetown and Woodbine.
“First Titan is a forward-thinking company, and based on all we have seen
to date, this project is a potential game-changer and can be our most
productive asset,” First Titan Interim CEO Robert Federowicz stated in the news
release. “This is the kind of project First Titan is banking on to take our
company to the next level.”
The project has demonstrated high upside, making it an attractive target
as the latest addition to First Titan’s growing cache of energy assets in
Texas.
In support of its overarching mission, First Titan 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, visit: www.firsttitanenergy.com/investors.html
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