As the growing energy company continues its efforts to add to its portfolio of U.S. oil and gas assets, First Titan Corp. to review the production report from its well in Alabama's Little Cedar Creek Field.
According to the latest data, the well is currently producing 223 barrels of oil and 220 thousand cubic feet of gas daily with no water. Reserve estimates range from 400,000 to 800,000 barrels of oil.
The report is right in line with the Company's expectations. The Alabama well has been a consistent producer for FTTN as it works to add more solid domestic oil and gas production to its asset base.
The Little Cedar Creek Field project is the cornerstone of a budding energy empire being built by FTTN. Located in Conecuh County, Ala., it is the first producing well in which the Company owns a working interest. Current reserve estimates range from 400,000 to 800,000 barrels of oil.
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