For the first time in the company's brief history, First Titan Corp. is exploring the acquisition of producing oil and gas wells.

FTTN is concentrating its initial exploration to southern Louisiana, one of the nation's richest energy producing regions. The company is already evaluating the purchase of part of existing production from a well pumping out 200 barrels of oil a day and three million cubic feet of gas.

'Due to its steady production numbers and geographic proximity to our other projects, this well looks like a smart, natural addition to First Titan's asset base,' said FTTN CEO Robert Federowicz. 'We look forward to evaluating many such opportunities as our company grows.'

Tags: First Titan Corp.