QualityStocks would like to highlight
First Titan Corp. (
OTCQB: FTTN), focused on exploring and developing oil and natural gas resources in the southern region of the United Sates, but with a worldwide growth strategy in place. 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.
In the company’s news,
First Titan Corp. said it is exploring several potential acquisition opportunities that would expand its oil and gas portfolio and generate shareholder value.
The company continually seeks partnerships with energy developers that are pursuing new methods of oil and gas extraction, including the development of new technologies, cleaner methods, and unconventional resources. In line with this strategy, FTTN’s management team is considering strategic transactions that have the potential to serve as “an attractive avenue” to continue company growth and benefit the FTTN shareholders.
FTTN said that within the next 30 days it anticipates making an offer to acquire one or more of these potential oil and gas targets located in Texas, Oklahoma, Louisiana, and Alabama, which are within the same geographic area as FTTN’s current operations.
As is standard, FTTN notes that any offers will be made contingent to completion of due diligence and required approvals from the target companies, among other conditions.
In addition, the company said that it remains on track with its South Lake Charles Prospect in Louisiana, and that the company remains optimistic on the potential production from the well underway. Initial reserve estimates for the South Lake Charles well are approximated at 60 billion cubic feet of gas and 4 million barrels of oil.
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Forward-Looking Statement:
This release may contain forward-looking statements 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
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