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  • Projections For Natural Gas Output Suggest Strong Earnings Potential At First Titan Corp. (FTTN) Holdings 0 comments
    Nov 19, 2013 10:44 AM | about stocks: FTTN

    With a presence in Texas, Alabama, Oklahoma, and Louisiana, First Titan Corp., an oil and natural gas company, continues aggressive operations at its natural gas reserves. One of the company's most notable plays is located at South Lakes Charles, where the company's oil well is being drilled to a target depth of 15,300 feet. Approximately 60 billion cubic feet of gas and 4 million barrels of oil were put forward as estimates being available at this site for extraction.

    While the company continues its efforts and seeks new opportunities, the U.S. Energy Information Association (NYSEMKT:EIA) recently released analysis suggesting natural gas production in 2014 might be greater than that in 2013. It projected natural gas production output to increase by over one percent from 2013's record-high levels, showing that First Titan Corp.'s natural gas reserves may hold stronger earnings potential.

    The EIA says it expects natural gas production in 2014 to increase by 0.74 billion cubic feet per day. This year's daily production amount is 71.03 cubic feet per day, and if the EIA's projection is correct, 2014 would the fourth consecutive year of record production levels.

    First Titan Corp. continues to explore opportunities to add promising assets to its lucrative, diverse oil and gas holdings portfolio. Via its wholly owned subsidiary, First Titan, LLC, the company seeks to develop energy assets throughout North America with energy developers that embrace new or innovative methods of extraction.

    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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