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  • First Titan Corp.'s (FTTN) Alabama Oil Well Production Exceeds Expectations 0 comments
    Oct 28, 2013 11:33 AM | about stocks: FTTN

    First Titan Corp., an oil and natural gas production company, today announced that production at its oil well at Little Cedar Creek Field in Alabama is exceeding its expectations for production. Operations at the oil well currently produce approximately 370 barrels of oil and 240,000 cubic feet of gas per day. Halfway through October 2013, the oil well had produced nearly 5,500 gallons of oil and 4 million cubic feet of gas.

    "We are extremely pleased with the production from the latest Alabama well," FTTN Interim CEO Robert Federowicz said in the news release. "This well was recently reworked and has responded more favorably than we originally expected."

    The oil well is located in Brooklyn Field, which is said to be Alabama's most prolific oilfield. The well currently has a flowing tubing pressure of just over 400 pounds per square inch on 16/64ths choke. In addition to Alabama, First Titan Corp. also possesses holdings in Texas, Louisiana, and Oklahoma.

    The company is looking for development of energy assets through its wholly owned subsidiary, First Titan, LLC. It is especially interested in exploring oil and natural gas asset development opportunities with prospective partners that are cutting-edge, unconventional, and eco-friendly in their oil and natural gas excavation methods.

    For more information, visit: firsttitanenergy.com

    QualityStocks provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.qualitystocks.net

    Stocks: FTTN
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