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First Titan plans to spud second well before year's end


Published Nov 1, 2012
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First Titan Corp.-2

With production already exceeding expectations at its new well in Alabama, First Titan Corp. plans to begin drilling a second well before year’s end.

The next well will be located in Lake Boeuf Field in Lafourche Parish, La. FTTN owns a working interest in the prospect, a directional well with a total vertical depth of 12,025 feet. Its estimated reserves total 11 billion cubic feet of natural gas and 880,000 barrels of condensate.

Most encouragingly, the prospect is directly updip, or up slope within the same reservoir, of wells that have produced 3.5 billion cubic feet of gas and 352,000 barrels of oil.

Tags: First Titan Corp.



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