FTTN acquiring interest in Louisiana producing well
LAKE CHARLES, Louisiana -- First Titan Corp. (DTTN) anticipates the acquisition of a working interest in a producing oil and gas well in Louisiana within the next few weeks.
FTTN CEO Robert Federowicz said, “Due to its steady production numbers and convenient proximity to our other projects, this well looks like a smart, natural addition to First Titan’s asset base. We look forward to targeting many more such opportunities in 2013 as our company continues to grow.”
The well, located west of Cutoff Field in Lafourche Parish, Louisiana is operated by FTTN’s joint venture partner Intrepid Drilling, and is currently producing 160 bopd and 2,700 MMcfd of natural gas.