Business
FTTN Busily Readies Itself for Inevitable Oil Price Rebound
FTTN Busily Readies Itself for Inevitable Oil Price Rebound.
About this update from Globestar Therapeutics Corporation
[{"type":"text","content":"\n \n First \n Titan Corp. (OTCBB:FTTN) continues to \n advance its long-range plans focusing on shrewd oil & gas acquisitions \n at bargain prices amidst several reports the industry may be ready for a \n long-awaited rally.\n \n \n Analysts are predicting the Organization of Petroleum Producing \n Countries (OPEC) may \n cut production at its upcoming December meeting in Vienna, Austria. \n Many cartel members, notably Venezuela, have \n been pushing for steep production cuts as they have seen their oil \n revenues plummet and their domestic populations balking when \n government-funded entitlement programs have to be slashed.\n \n \n “Any OPEC cuts would have a positive effect on U.S. oil & gas \n activities,” said FTTN CEO Sydney Jim. “We intend to be in a strong \n position when this price war ends. Our plan began rolling with the Cline \n Shale letter of intent and now we’re moving to other potential \n promising acquisitions. And don’t forget, we’re also pursuing strong \n opportunities in the oil \n field service sector and enhanced \n oil recovery industries. The next several months should be \n interesting.”\n \n \n It will be very interesting if one industry analyst’s prediction comes \n to pass. Going against the grain, this market watcher is forecasting oil \n prices will \n rocket to $130 a barrel by 2017. While few may share this analyst’s \n exuberance, there are serious signs the \n oil glut may be ending.\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 Litigation Reform Act \n of 1995: This news release contains forward-looking information within \n the meaning of Section 27A of the Securities Act of 1933, as amended, \n and Section ...