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FTTN, Intrepid Drilling Finalize South Lake Charles’ Funding

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Business Wire
October 18, 2012

First Titan Corp. (OTC BB: FTTN) announced that its joint venture with Intrepid Drilling LLC, has finalized the funding for its drilling project in Louisiana’s South Lake Charles field.

The joint venture expects to be fully funded by the end of the month, said FTTN CEO Robert Federowicz. Once funds are secured, drilling at the site could begin as early as next month. Plans call for Intrepid to drill down 15,300 feet in the South Lake Charles field, where two existing wells have already produced 21.3 Bcf of gas and ...

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