FTTN Moves Forward With Comprehensive Acquisition Strategy
BRADENTON, Fla.--(BUSINESS WIRE)-- First Titan Corp. (OTCBB: FTTN), a fast-growing domestic energy company, announced today that it has solidified its North American acquisitions strategy and plans to move forward on a number of new deals in the coming weeks.
FTTN has identified several acquisition targets throughout the continent, focusing on oil-centric assets with the highest potential for profitability. The company plans to make a series of prudent acquisitions that will provide a solid base to facilitate a singular, pivotal acquisition in the next 12-18 months.
FTTN's immediate focus is on making acquisitions in the state of Texas. The company is in negotiations to acquire working interest in approximately 1,000 acres in Hardin County that include producing assets with development upside. FTTN believes the property could potentially make a profitable addition to its Texas portfolio, which currently includes assets in Terrell County.
The company is also working to facilitate oil and gas production in Oklahoma and Louisiana as part of its aggressive 2013 growth strategy.
FTTN is a rising oil and gas company dedicated to continuing development of energy assets throughout North America 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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