First Titan Corp. acquires working interest in a new Louisiana oil and gas well

Monday, October 15, 2012

First Titan Corp. (OTCBB: FTTN) announced today that it has completed its acquisition of a working interest in a Lake Boeuf Field oil and gas well in Southeast Louisiana.

The Lake Boeuf Field prospect covers more than 300 leasehold acres in Lafourche Parish. It is the fifth working interest in a prospective U.S. oil and gas well that FTTN has acquired in the past year.

'The preliminary data on this well is very promising, and we expect that it will become a profitable addition to our growing list of energy assets,' said FTTN CEO Robert Federowicz. 'Now that we've got oil flowing in Alabama, this is the next one of many new acquisitions to come.'

FTTN is aggressively pursuing potentially lucrative oil and gas leases along the Gulf Coast. With the Louisiana acquisition now complete, the company will turn its focus to bringing more of its working interests online in the coming months as well as acquiring more promising drilling sites in the U.S.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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