Intrepid Drilling is an experienced oil and gas producer in the Gulf Coast region. Company Manager William E. Simmons will bring 30 years of oil and gas expertise, industry contacts and key relationships to bear for the joint venture as it works to acquire and develop new prospects. Simmons’ most recent significant discovery is a western extension of the prolific Cut Off Field in Lafourche Parish, La. The company already has one well on the property that has commenced production with plans to drill two more.
The rest of Intrepid’s management team comprises petroleum industry veterans with considerable expertise in the fields of geology, geophysics, lease acquisitions, production, drilling and completion of oil and gas wells. They will give FTTN the personnel, resources and expertise that the company needs to explore and develop promising discoveries along the Gulf Coast.
First Titan is working to develop new energy solutions to compete in a booming global industry alongside Marathon Oil Corp. (NYSE: MRO), Exxon Mobil Corp. (NYSE: XOM), TOTAL S.A. (NYSE: TOT) and SandRidge Energy Inc. (NYSE: SD).
For more information on FTTN’s unconventional resources initiative, please visit www.firsttitanenergy.com/investors.
About First Titan Corp.
First Titan Corp., through its wholly owned subsidiary, First Titan Energy, LLC, is committed to the exploration and development of oil and natural gas resources around the globe. The company continually seeks to partner with energy developers that are pursuing innovative new methods of oil and gas extraction, including the development of new technologies, cleaner methods and unconventional resources.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Robert Federowicz, 941-753-4889
President and CEO
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