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 November 24, 2015 - 7:44 AM EST
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FTTN: Continued Hints on Rising Oil Prices Good Sign for EOR Companies

Many of today’s mainstream headlines talk about the effect of low prices on the oil industry. However, scratch below the surface and dig a little deeper into the news, and there are many indications the oil and gas market is about to pivot in a completely new direction, a welcome change in course First Titan Corp. (OTCQB: FTTN) has been anticipating and preparing for.

Industry talk has been quietly gathering momentum about a coming oil price spike. More and more analysts are saying OPEC (the Organization of Petroleum Exporting Countries) can no longer sustain its ongoing price war and that member nations have begun feuding amongst themselves. In addition, an increasing industry watchers are forecasting a coming rise in crude prices – ranging from $80 a barrel next year to as high as $130 by 2017.

“The net result of all this news is that the Enhanced Oil Recovery (EOR) market could soon get a strong boost,” said FTTN CEO Sydney Jim. “If and when prices rise, that will make EOR a much more attractive option for bringing declining fields back to productive life. And as EOR offers a quicker payoff than wildcat drilling, we expect a dramatic upturn in activity as soon as a recovery takes hold. If our plans bear out, we will be entering this promising market at the most opportune time, ready to take advantage of the upswing.”

A recently released report has forecasted the EOR market to grow at a robust 16.9 percent rate between now and 2019.

For more information on FTTN’s oil and gas projects, please visit

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.

First Titan Corporation
Sydney Jim, 702-448-8148
President and CEO

Source: Business Wire (November 24, 2015 - 7:44 AM EST)

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