First Titan Corp. reported that its prospective well in South Lake Charles, La., has cleared a final hurdle before drilling begins and is on schedule to spud before the end of the year.

Due to the drilling site being inline with the final approach to a local airfield, special lighting permits had to be secured from the FAA before any work could begin. With those arrangements now made, the company expects to rig up and begin drilling in the next two to three weeks.

'All we're waiting for now is the finalization of the financing for this project, and we'll be underway,' said FTTN CEO Robert Federowicz.

Tags: First Titan Corp.