FTTN: Highly Anticipated Quarter to Set Up Future Acquisitions and Revenue Growth
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.
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
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150928005761/en/
Copyright Business Wire 2015
Source: Business Wire
(September 28, 2015 - 7:51 AM EDT)
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