First Titan Corp. CEO, Robert Federowicz, will be meeting with executives from Intrepid Drilling, LLC to review preparations for spudding the partnership’s new oil and gas well at the South Lake Charles Prospect in Calcasieu, La. The meetings are scheduled to take place this week.
At the meeting, Intrepid Drilling will go over drilling plans with Federowicz, including final details. Intrepid Manager William E. Simmons will be on hand to present the project timeline to Federowicz. The company signed an agreement last month that places Intrepid Drilling in charge of drilling and operating the new well. The well’s spud date is currently set for March 1.
An emerging energy company, First Titan will rely heavily on its partner’s drilling and production experience to help make the South Lake Charles Prospect a success. Plans call for the company to drill to a total depth of 15,300 ft. 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.
For more information on FTTN’s drilling initiative, please visit the company’s website at www.firsttitanenergy.com
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