With the final calendar quarter of the year approaching, First Titan Corp. (OTCBB: FTTN) said it expects to finish 2015 on a high note as it reviews its aggressive business strategy and sets its sights on 2016. The company continues to focus on finding additional oil and gas producing properties to acquire or invest in as well as expanding into additional promising energy markets.
“Our far-reaching plan is steadily coming together,” said FTTN CEO Sydney Jim. “Our goal is to establish a solid revenue base to fund potential acquisitions and expansions. We’ve conducted due diligence into the enhanced oil recovery market, we’ve examined a number of producing properties that could be acquisition targets and we’re investigating expanding into Mexico as part of their upcoming lease auctions. Each of these moves, when realized, will set FTTN up for future growth in 2016 and beyond.”
Mexico’s next oil lease auction is scheduled for September 30. Mr. Jim said the company will carefully watch the results to determine the feasibility and desirability of participating in future rounds.
Meanwhile, FTTN continues due diligence on enhanced oil recovery (EOR) following release of a promising market report that predicts global EOR spending in 2015 will top $26 billion.
For more information on FTTN’s oil and gas projects, please visit www.firsttitanenergy.com.
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.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information 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, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Sydney Jim, 702-448-8148
President and CEO