First Titan Energy Corp. (FTTN) Exploring New Assets in East Texas
First Titan Energy Corp., an oil and natural gas development company, announced today it is evaluating the merits of an oil production deal in East Texas. The site is located near Kilgore, Rusk County, featuring over 12,000 oil wells and more than 650 producing operators in the area. Figures reported in May noted 151,172 barrels of gas and almost 9 million cubic feet of gas produced. "This is an area that has a strong history of oil production and we feel it can potentially match our requirements," FTTN Interim CEO Robert Federowicz said. "FTTN has enjoyed a very productive year…