FTTN Hires Energy Consultants to Scout High-Potential Oil & Gas Targets
BRADENTON, Fla.--(BUSINESS WIRE)-- First Titan Corp. (OTCBB: FTTN) announced today that it has hired Pimuro Capital Partners, LLC, to source and evaluate high-potential oil and gas opportunities on behalf of the company.
Pimuro Capital Partners possesses strong business ties throughout the U.S. energy sector and will provide a broad base of services to FTTN. The firm's principles have previously advised companies including ConocoPhillips, Marubeni Corporation, PetroSA, Cygnus Oil & Gas, McMoRan Exploration Co., Chevron, Sojitz, RepsolYPF and Cano Petroleum, Inc. The firm specializes in assisting companies seeking merger and acquisition advisory, general corporate finance advisory and private capital raise services.
"Pimuro will assist FTTN with sourcing and analyzing promising new opportunities as the company works to increase its oil and gas asset base in this booming industry," said FTTN CEO Harvey S. Bryant. "Pimuro may also assist FTTN in sourcing capital to further propel the company's growth."
Pimuro's assistance may soon prove invaluable as FTTN pursues a highly ambitious plan for growth in 2013. The company's well in Alabama's Little Cedar Creek Field is already operating at maximum permitted output, and work is now underway in Logan County, Okla., where the company is completing its horizontal well prospect. Additionally, drilling preparations have begun at the company's lease near South Lake Charles, La.
Regardless of the high-level of activity being undertaken by the company currently, FTTN isn't slowing down. The company is dedicated to continuing development of energy assets throughout the country, 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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