|[October 30, 2013]
FTTN: Digital Oilfield Technology Opens Up Big Opportunities
BRADENTON, Fla. --(Business Wire)--
As First Titan Corp. (OTCBB: FTTN) seeks to optimize the profitability
of its oil and gas assets, the company is analyzing investment
opportunities in digital oilfield technology as a means of reducing
costs and downtime, resulting in improved operating efficiency.
FTTN, an oil and gas energy company seeking continued growth of a
diversified oil and gas portfolio, envisions the benefits derived from
investing in advanced analytics for digital oilfield technology to be
multi-faceted, including improved operating efficiency, enhanced
production by reducing downtime, reduced costs and decreased lead time
to first oil by optimizing drilling and workover operations. The data
and analytics provided by digital oilfield technology may also uncover
insights from currently untapped, unstructured data, such as subsurface
depositional environment and facies interpretation, reservoir fluid
dynamics, or drilling and completion best practices across like-kind
"The advantage of this technology is the ability to process large
volumes of data types at faster speeds than conventional technology,"
FTTN Interim CEO Robert Federowicz said. "This is state-of-the-art
technology that keeps us ahead of our competitos and will give us
insights into exploration, development, drilling and production
operations quickly and accurately."
First Titan Corp. is building a substantial collection of oil and
natural gas properties and is dedicated to the continuing development of
energy assets throughout North America alongside companies such as
Continental Resources (News - Alert), Inc. (NYSE: CLR), Chesapeake Energy Corp.
(NYSE: CHK), SandRidge Energy Inc. (NYSE: SD) and Ultra Petroleum Corp.
For more information on FTTN's oil and gas projects, please visit www.firsttitanenergy.com/investors.html.
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.
[ Back To Technology News's Homepage ]