Domestic oil and gas company First Titan Corp. (OTCBB: FTTN) announced today that the company expects its promising horizontal well prospect in Logan County, Okla., to reach completion this spring.
FTTN acquired a working interest in the well, known as Breaux #2, last year. The well was previously drilled to a vertical depth of 5,456 feet with a lateral bore length of 2,704, and is ready for completion with a multi-stage hydraulic fracking job.
Breaux #2 has been engineered by its sponsor, Bedford Energy, Inc., with reserve report that includes proven reserves of 160,000 barrels of oil and 1.5 billion cubic feet of natural gas, based on nearby wells. FTTN estimates its potential production at more than $14 million worth of resources.
“We’ve been sitting on Breaux #2 for months while funding was finalized,” said FTTN CEO Harvey S. Bryant. “Now that the project’s funding is nearing completion, we anticipate a quick turnaround on our investment.”
First Titan Corp. is aggressively pursuing promising new oil and gas opportunities throughout the Southern U.S. Breaux #2 is one of several working interest in prospective domestic wells owned by the company.
For more information on FTTN’s growing oil and gas assets, please visit
First Titan is working to develop new energy solutions to compete in a booming global industry alongside Chesapeake Energy Corp. (NYSE: CHK), Anadarko Petroleum Corp. (NYSE: APC), SandRidge Energy Inc. (NYSE: SD) and Apache Corp. (NYSE: APA).
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.
For more information about First Titan Energy, please visit
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