While the company continues implementing its strategy for sustained growth in the oil and gas industry, First Titan Corp. is set to close on a new acquisition in the crude-rich Lone Star State that has the potential to produce unprecedented gains for investors.
FTTN is eyeing a Texas project with high upside as the latest addition to its growing cache of energy assets in the state. The field boasts several thousand acres with major production potential. The project includes several known productive horizons, specifically the Austin Chalk, Eagle Ford, Buda, Georgetown and Woodbine.
'First Titan is a forward-thinking company, and based on all we have seen to date, this project is a potential game-changer and can be our most productive asset,' FTTN Interim CEO Robert Federowicz said. 'This is the kind of project First Titan is banking on to take our company to the next level.'