Located in Bradenton, Florida, First Titan Corp., through its wholly owned subsidiary First Titan Energy, LLC, is a rising company that is committed to the exploration and development of oil and natural gas resources across the world. Today, FTTN announced they have entered into negotiations to acquire a significant working interest in an oil and gas lease in West Texas.
FTTN is targeting the Big Canyon Prospect in Terrell County, Texas. The young company is wrapping up due diligence on the lease and expects to sign a purchase agreement with the prospective seller early next week.
Last week FTTN announced the acquisition of a working interest in a new well to be drilled in South Lake Charles, La. If negotiations are successful, the Big Canyon Prospect will be the second oil and gas lease in which FTTN will own a working interest in.
FTTN is working to develop new energy solutions to compete in this booming industry. With this deal in place, FTTN is on the radar with such companies as: Chesapeake Energy Corp. (NYSE: CHK), Anadarko Petroleum Corp. (NYSE: APC), Apache Corp. (NYSE: APA) and SandRidge Energy Inc. (NYSE: SD).
Currently, FTTN is trading in the $2.15 range. To learn more about the company as a whole, visit their corporate website at www.firsttitanenergy.com
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