First Titan is an
early-stage, publicly held company committed to the exploration and development
of oil and natural gas resources around the globe. Through its wholly owned
subsidiary, First Titan Energy LLC, the company seeks to build a robust
portfolio of lucrative oil and natural gas assets with continuing, strong
growth potential. To that end, First Titan looks to partner with energy
developers that are seeking new, innovative methods of oil and gas extraction,
inclusive of new technologies, cleaner methods, and unconventional resources.
Currently, the
company is building up its oil and natural gas asset holdings in North America.
It currently is involved in projects in Texas, Louisiana, Oklahoma, and
Alabama. First Titan has signified interest in pursuing strategic acquisitions
of promising assets in Canada and Mexico. First Titan’s positioning for taking
advantage of production at these project sites comes as forecasts for the oil
and gas industry are encouraging. The US Department of Energy projects that
domestic production of natural gas will increase by 56 percent by 2014, and the
International Energy Agency estimates that international demand for gas will
reach 92.5 million barrels a day in 2014, an increase of over 1 million barrels
per day in 2013.
Recently, First
Titan appointed a new President and CEO to steer its efforts in taking
advantage of this short-term and long-term growth potential. Mr. Jonathan Piña,
who previously served First Titan as a consultant in 2013, draws upon extensive
experience in the oil and gas industry, as well as his strong familiarity with
First Titan’s potential and vision. Particularly, he has experience in leading
companies through various market conditions and various capital raise and
acquisition/divestiture transactions. For his record, he was recognized by the
Houston Hispanic Chamber of Commerce as the Emerging Businessman of the Year in
2008.
Mr. Piña’s oil and
gas expertise spans multiple areas, including: financial and transaction
experience; conventional exploration and production; unconventional resource
development; liquefied natural gas commercialization; midstream operations;
crude refining; and oilfield service. Before First Titan, he was the Founder
and Managing Partner of Pimuro Capital Partners, an advisory firm for small and
mid-cap energy companies. Prior to his role at Pimuro, Mr. Piña was Co-Founder
and CFO at Circle Star Energy Corp., where he was responsible for asset
acquisition, capital raising, deal sourcing and structuring, SEC reporting, financial
modeling and forecasting, and financial and operational reporting. Before these
two roles, he served in the leadership of an advisory group at Chiron Financial
Advisors and Project Manager at Randall & Dewey, which is now a division of
Jeffries & Company.
In the news release
that announced his appointment, Mr. Piña commented, “After spending the last
year as a consultant for First Titan Corp., I fully understand the vision this
company possesses. We are prioritizing unique and potentially lucrative
acquisition targets that will elevate the company moving forward. This is an
exciting time to take the reins at First Titan Corp.” With this experienced
executive’s savvy and experience at its helm, First Titan looks to emerge as a
strong player in the growing oil and gas market.
For more information
about the company visit www.firsttitanenergy.com
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