First Titan Corp. expects its promising horizontal well prospect in Logan County, Okla., to reach completion this spring.

FTTN acquired a working interest in the well, known as Breaux #2, last year. The well was previously drilled to a vertical depth of 5,456 feet with a lateral bore length of 2,704, and is ready for completion with a multi-stage hydraulic fracking job.

Breaux #2 has been engineered by its sponsor, Bedford Energy, Inc., with reserve report that includes proven reserves of 160,000 barrels of oil and 1.5 billion cubic feet of natural gas, based on nearby wells. FTTN estimates its potential production at more than $14 million worth of resources.

Tags: First Titan Corp.