Global Leader in International Oil and Gas Industry News

posted in:

FTTN looks to drill South Lake Charles Prospect before year’s end

Tuesday, Nov 20, 2012

First Titan Corp. (OTCBB: FTTN) announced today that the company anticipates drilling to begin at its oil and gas well prospect in South Lake Charles Field, La., before the end of the year.

“We expect to have those special arrangements made soon so that we can begin the process of rigging up this new well.”

FTTN CEO Robert Federowicz met with executives from Intrepid Drilling, the company set to operate the well, last week to inspect the property and go over final details for the project.

“With funding almost in place, we’re in the process of getting the appropriate FAA permits for special rig lighting, because the site is in line with final approach to a local airfield,” Federowicz said. “We expect to have those special arrangements made soon so that we can begin the process of rigging up this new well.”

The South Lake Charles prospect is one of two working interests that FTTN owns in Louisiana, one of the nation’s top energy producing states. The second well is located in Lake Boeuf Field in the Southeastern region.

The promising reserve estimates for both assets have FTTN predicting a highly successful 2013 for the company and its shareholders.

Source: Business Wire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

Aquaterra Energy wins Premier Oil Catcher Drill Centre Template contract 23-04-2014
Claxton’s camera upgrade puts crane safety in the picture 23-04-2014
Elk acquires the Singleton Unit in Nebraska 23-04-2014
Longreach prepares to drill into target Liassic formation with Kamar-1 well in Morocco 23-04-2014
Chevron unveils PitPack motor oil dispensing system 23-04-2014
Farstad Shipping ASA - charter agreements 23-04-2014
Prysmian, € 30 m contract in Abu Dhabi 23-04-2014
Halliburton to build drilling, testing and training facility in Texas 23-04-2014
SEACON (europe) Ltd Receives A Queen’s Award for Enterprise in International Trade 23-04-2014
EnerJex Resources announces Niobrara operations update and development plans 23-04-2014