Last $0.29 USD
Change Today -0.02 / -6.45%
Volume 73.4K
FTTN On Other Exchanges
As of 12:50 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

first titan corp (FTTN) Snapshot

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52 Week High
10/21/13 - $2.37
52 Week Low
04/26/13 - $0.29
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first titan corp (FTTN) Details

First Titan Corp., through its subsidiary, First Titan Energy, LLC, is engaged in the exploration and development of oil and gas worldwide. The company has 1% working interest in one well in Little Cedar Creek Field in Alabama; 1.8% working interest in the South Lake Charles Prospect located to the south of the city of Lake Charles, Louisiana; and 30% working interest in the Minns project located in Waller County, Texas. First Titan Corp. was founded in 2010 and is based in Miramar Beach, Florida.

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first titan corp (FTTN) Key Developments

First Titan Corp. Announces Management Changes

First Titan Corp. announced that G. Jonathan Piña will be the company's new President and CEO as it continues plans to expand its oil and natural gas portfolio. Mr. Piña, who has served as a consultant to FTTN since 2013, possesses an extensive background in the oil and gas industry, including financial and transaction experience; conventional exploration and production; unconventional resource development; liquefied natural gas commercialization; midstream operations; crude refining; and oilfield service. Mr. Piña succeeds Robert Federowicz as First Titan Corp., President and CEO. Federowicz is leaving the company to pursue other opportunities.

First Titan Corp. Announces Oklahoma Well on Track to Meet Projections

First Titan Corp. announced it has received a report from the operator of its interest in a well in Oklahoma, and after completing initial test production, the company is confident the well possesses the potential to meet its initial production projections. FTTN's interest in the Breaux #2, an oil and natural gas well in Logan County, Oklahoma, has completed pre-production. The operator, Bedford Energy Inc., successfully stimulated the down-hole location it was looking to activate. Early projections for the Breaux #2 is for oil production to reach 15-20 barrels per day, and 500-700 cubic feet of natural gas (mcf) per day in the next phase of production. Upon FTTN's initial involvement with the Breaux #2 well, Bedford Energy identified the well to contain petroleum engineered proven reserves of 160,000 bbls of oil and 1.5 million mcf of natural gas, estimating production potential at more than $14 million worth of resources.

First Titan Corp. Announces Production Numbers from Alabama Well Exceeding Early Production Estimates

First Titan Corp. (FTTN) announced that production numbers from the Alabama well the company owns an interest in is exceeding expectations and is expected to match or surpass pre-production projections. FTTN's producing well in the Little Cedar Creek Field in Alabama, is pumping approximately 343 barrels of oil and 58,000 cubic feet of gas per day. Located in Conecuh County's Brooklyn Field, initial well estimates were for 400,000 to 800,000 barrels of oil to be extracted.


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Price/Sales 55.5x
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TEV/Sales 58.3x

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