Business
FFTN Views Increasing Number of Oilfield Asset Sales as Chance to Build Business
FFTN Views Increasing Number of Oilfield Asset Sales as Chance to Build Business.
About this update from Globestar Therapeutics Corporation
[{"type":"text","content":"\n \n The oil & gas industry experienced two recent shockwaves that some may \n think heralds continued bad times ahead, but that First Titan Corp. \n (OTCQB: FTTN) believes portends great opportunity.\n \n \n First, a struggling service company sold \n its assets for mere pennies on the dollar to a rival, and next, a \n noted industry giant reported \n fourth-quarter losses of $1 billion, a result that might mean it too \n will soon be disposing assets at a steep discount.\n \n \n FTTN has put together an aggressive strategic business plan designed to \n help it prosper in the current rough economic period resulting from \n falling crude oil prices. This plan calls for identifying, qualifying \n and buying valuable production \n and service \n assets from motivated sellers and then refurbishing them to either \n sell in better market conditions or to build a broad portfolio to \n generate consistent revenues.\n \n \n “We have great empathy for those companies having difficulty during this \n ongoing crude oil price drop,” said FTTN CEO Sydney Jim. “A lot of good, \n hard-working people are suffering. However, this isn’t the time to pull \n back, be timid and wait. It’s time to be smart, hungry and aggressive … \n to build for the future when \n the price does recover. This is the time when the foundation is laid \n for success in \n the next boom. And we intend to be successful.”\n \n \n FTTN is building a competitive portfolio of oil and gas properties \n alongside companies such as Lucas Energy, Inc. (LEI), \n Earthstone Energy, Inc. (ESTE), \n Fieldpoint Petroleum Corp. (FPP) \n and Evolution Petroleum Corp. (EPM).\n \n \n For more information on FTTN’s oil and gas projects, please visit www.firsttitanenergy.com.\n \n \n About First Titan Corp.\n \n \n First Titan Corp., through its wholly owned subsidiary, First Titan \n Energy, LLC, is committed to the exploration and development of oil and \n natural gas resources around the globe. The Company continually seeks to \n partner with energy developers that are pursuing innovative new methods \n of oil and gas extraction, including the development of new \n technologies, cleaner methods and unconventional resources.\n \n \n Notice Regarding Forward-Looking Statements\n \n \n Safe Harbor Statement under the Private Securities ...