As First Titan Corp. continues exploring assets to add its growing oil and gas portfolio, the company is evaluating a new play in South Texas with the potential for significant cash flow and resulting share price appreciation.
FTTN is researching a 1,000-acre patch of gas wells in Willacy County. The 3D seismic driven prospect promises shallow gas production with the potential for attractive financial returns for FTTN and its investors.
'We were introduced to this area as a result of a relationship with an experienced, private operator,' FTTN interim CEO Robert Federowicz said. 'We are excited about the play's moderate entry cost and high return potential. As an added bonus, we are evaluating how our recent expansion into the gas-to-liquids technology space may help further enhance the financial returns of our natural gas holdings and acquisition targets.'