Titan Corp. (OTCBB:FTTN) continues to
advance its long-range plans focusing on shrewd oil & gas acquisitions
at bargain prices amidst several reports the industry may be ready for a
Analysts are predicting the Organization of Petroleum Producing
Countries (OPEC) may
cut production at its upcoming December meeting in Vienna, Austria.
Many cartel members, notably Venezuela, have
been pushing for steep production cuts as they have seen their oil
revenues plummet and their domestic populations balking when
government-funded entitlement programs have to be slashed.
“Any OPEC cuts would have a positive effect on U.S. oil & gas
activities,” said FTTN CEO Sydney Jim. “We intend to be in a strong
position when this price war ends. Our plan began rolling with the Cline
Shale letter of intent and now we’re moving to other potential
promising acquisitions. And don’t forget, we’re also pursuing strong
opportunities in the oil
field service sector and enhanced
oil recovery industries. The next several months should be
It will be very interesting if one industry analyst’s prediction comes
to pass. Going against the grain, this market watcher is forecasting oil
rocket to $130 a barrel by 2017. While few may share this analyst’s
exuberance, there are serious signs the
oil glut may be ending.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151029005423/en/
Copyright Business Wire 2015
Source: Business Wire
(October 29, 2015 - 5:00 AM EDT)
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