BRADENTON, Fla.--(BUSINESS WIRE)--First Titan Corp. (OTCBB:FTTN) could be on the verge of acquiring a potentially lucrative new oil and gas lease in Texas, said the company’s CEO, Robert Federowicz. The company will investigate the development potential of an oil and gas lease in Lone Star State directly adjacent to a property where SandRidge Energy Inc. (NYSE: SD) recently discovered a large quantity of oil.
The lease FTTN is investigating is located in Terrell County. Currently, the company is conducting due diligence toward a joint venture with the Texas oil exploration company Big Canyon, LLC. Once the agreement is finalized, the joint venture will pursue the Terrell County property and other oil and gas development opportunities in Texas, Oklahoma and Louisiana.
First Titan is working to develop new energy solutions to compete in a booming global industry alongside Exxon Mobil Corp. (NYSE: XOM), TOTAL S.A. (NYSE: TOT) and ConocoPhillips (NYSE: COP).
For more information on FTTN’s unconventional resources initiative, please visit www.firsttitanenergy.com/investors.
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.
For more information about First Titan Energy, please visit www.firsttitanenergy.com.
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