Mexico Still Viable Option as FTTN Continues Its Strategic Asset Acquisition Plan
Titan Corp. (OTCQB:FTTN) keeps an interested eye south of the border
as it accelerates its value-based asset acquisition strategy.
The Latin American nation, which earlier this year opened its domestic
oil and gas sector to outside investment for the first time since 1938,
third and final lease auction, an auction government official are
calling the most successful to date. While FTTN has been moving
acquiring U.S. assets, the company has not discounted a potential
future move south in an effort to build revenues and increase
“We’ve made tremendous progress in the U.S. in terms of value-based
asset acquisitions,” said FTTN CEO Sydney Jim. “However, Mexico
remains an important part of our plans. It’s going to play a bigger role
in the months and years to come. Right now, we’re looking for the
right mix of partners and opportunities because we want to do this
the right way, not only for our company but its shareholders as well.”
Mexico has held three oil and gas auctions in 2015. After a
rough start, the following auctions have
proven more successful. One potential reason for the increased
interest could be that Mexico’s oil sector needs help, so much help that the
oil-rich country has actually started to import American oil.
FTTN is building a competitive portfolio of oil and gas properties
alongside companies such as Lucas Energy, Inc. (LEI),
Earthstone Energy, Inc. (ESTE),
Fieldpoint Petroleum Corp. (FPP)
and Evolution Petroleum Corp. (EPM).
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
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View source version on businesswire.com: http://www.businesswire.com/news/home/20151229005133/en/
Copyright Business Wire 2015
Source: Business Wire
(December 29, 2015 - 5:00 AM EST)
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