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FTTN Concentrating on the Perpetually Reliable Permian Basin in Acquisition Search
FTTN Concentrating on the Perpetually Reliable Permian Basin in Acquisition Search.
About this update from Globestar Therapeutics Corporation
[{"type":"text","content":"\n \n First \n Titan Corp. (OTCQB:FTTN) continues its search \n for value-based oil and gas assets and one area that is drawing its \n interest is the Permian Basin of western Texas and eastern New Mexico. \n The company is compiling lists of potential acquisition prospects and \n this area, more than any other, holds the most promise during this era \n of low oil prices.\n \n \n “The Permian Basin offers a lot of benefits other oil and gas plays \n simply don’t have,” said FTTN Sydney Jim. “As a developed area, there’s \n plenty of existing infrastructure to support production. This lowers \n costs and that’s crucial in this environment. Also, this is one of the \n most-prolific onshore basins in the country. It’s reliable and not going \n anywhere. So these factors make it an attractive target for our ongoing \n asset acquisition search. But we’re still looking at other areas, like \n the Bakken, Barnett, \n Eagle Ford and Cline \n shales, of course. We want to make sure we conduct a thorough due \n diligence.”\n \n \n FTTN expects \n a wave of consolidation to soon start rolling across the oil and gas \n industry, unleashing a torrent of assets the company can acquire at \n value prices unimaginable in other economic climates. FTTN intends to \n take advantage of a rare buying opportunity while overextended companies slash \n their capital budgets to ride out the downturn.\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 Securiti...