The company acquired a significant working interest in the new well at the South Lake Charles prospect last week.
Intrepid Drilling holds rights to all depths in 453 contiguous acres at the prospect and the plans call for the company to drill to a total depth of 15,300ft at the project location.
The project’s total maximum potential for all categories exceeds 60 billion cubic feet of gas and four million barrels of oil.
First Titan Corp, through its wholly owned subsidiary First Titan Energy, is engaged in the exploration and development of oil and natural gas resources across the globe.
