First Titan Corp. negotiated and signed an agreement to jointly acquire and develop oil and gas leases across nine Texas counties with a Houston-based private oil and gas company.

FTTN's joint development agreement with the private company covers Bell, Milam, Falls, Robertson, Limestone, Freestone, Leon, Madison and Brazos counties in Texas. FTTN's private partner will take the lead in securing leases and operating any wells re-entered or drilled on the acquired acreage. Based upon due diligence, FTTN believes there are several productive formations ranging in depth from a few thousand feet to over 12,000 feet throughout the target area.

Tags: First Titan Corp.