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100% Agreed!! Every seasoned trader here realizes the potential of FTXP $$$$
I'm pretty sure they're already regretting selling .0004's
FTXP way way undervalued some time next week or so investors going to regret they sold to soon once it nears penny land!!
.0005 x .0006
300M x 13 M
FOOTHILLS EXPLORATION INC. PROVIDES COMPLETIONS UPDATE ON HOUSER-SEARS #6 WELL IN THE ILLINOIS BASIN
Link:
https://ir.foothillspetro.com/press-releases/detail/75
LOS ANGELES, Aug. 25, 2022 (GLOBE NEWSWIRE) -- Foothills Exploration, Inc. (OTC: $FTXP ), including its direct and indirect subsidiaries, ("Foothills," or the "Company"), an oil and gas exploration company focused on delivering the energy needs of today and tomorrow, is pleased to announce completion operations have commenced on the Houser-Sears #6 well.
The Houser-Sears #6 well was successfully drilled and logged, indicating the potential of new reserves within the leasehold. Geologic sample analysis and completion logs identified at least six potential zones with oil bearing formations for commercial completion. The Company has decided to initially complete two of the six zones and bring them online for production.
The completion program, which was recently started was designed to include at least two stages, the first of which targeted the St. Louis Lime. This interval was successfully perforated and stimulated this week. The St. Louis Lime swabbed 64 barrels in 8 hours and the oil cut ranged 23-33%. The projected potential rate, is approximately 30-40 barrels of oil per day from this interval respectively. The second stage of the completion program will target 7 feet of net pay at (2,849’-2,856’) in the McCloskey Dolomite formation, which will take place next week.
St. Louis Lime
The log data indicates an excellent zone in the Lower St. Louis Lime in this well (3,170-75'). The 15% porosity, permeability and 43% salt water indicate that this interval should produce relatively water free. It somewhat correlates to the Ochs #1 (1,980' to SE). The Ochs #1 has 3.5 feet of 12% porosity and it had an initial production of 36 BOPD (after acid) and produced 2,585 barrels of oil in the first 120 days (21 BOPD average). The Houser-Sears #6 zone is 25% better on analysis, therefore the Company intends to test this zone first after running a cement bond log during the completion phase.
McClosky Dolomite
This zone has been the primary target of this project and log data indicates 27% porosity, which is excellent for this zone and 42% salt water calculated from an analog well. Should the St. Louis Lime zone only produce nominal amounts, the Company plans to also open this zone and co-mingle with the St. Louis Lime.
Prospective Formations Left Behind Pipe for Future Development
Once initial production subsides from the St. Louis Lime and the McClosky Dolomite, the Company will return to test and complete the other zones in systematic order.
Upper Salem Lime: This zone is present in this well and correlates to the “Parrish” Salem Oolitic zone that is productive from over 20 wells to the southeast and east. This break does not exist in any of the offset wells to the south (Ochs #1 & #2) or either old (4 locations away) pre-1970 Salem tests to the northwest and southwest. This zone will be evaluated in the future.
Upper McClosky / Rosiclare Lime: This zone was thin (only 3 feet) with low end porosity (8.5%), but it did carry oil shows and is possibly on the "edge" of the previous wells to the west and northwest. It does correlate to the Sears-Houser #4 to the south, which was making a modest 1.5 BOPD after 65 years until the casing went bad and the parties repaired with a liner last year. The Company plans to open this zone in the future, when the time is right to come uphole for more production.
Lower Aux Vase Dolomite: This zone was a complete surprise. It carried fair oil shows during drilling but the log analysis was exceptional indicating 17-21% porosity and a 44% salt water. This zone has not been produced anywhere within 1 mile of this well and is also difficult to identify in the old 1960 vintage logs on this lease. This represents another future test zone.
Upper Aux Vases Sand: The offset #4 well to the south was thin, but the offset #6 had good oil shows. The PE curve denotes the 2722-33 interval was 30% Lime / 70% sand and low permeability with 10% porosity, although it had good oil shows. Going forward, the cement bond log should assist in determining if there exists a bond between this zone and the Lower Aux Vases interval. The initial results of this zone did not meet the Company’s expectations, but will be investigated further in the future.
“Our strategy in Illinois partnering with a local operator with a wealth of knowledge and experience has been invaluable and a tremendous success from our perspective,” said Alex M. Hemb, CEO of Anaconda Energy, LLC. “The Houser-Sears #6 well has terrific potential for a well with a total depth of 3,420 feet. We have four other formations to test and produce from outside the initial two completion zones,” continued Hemb. “We are excited about the prospects of the Houser-Sears lease and the potential to drill offset wells in the future,” ended Hemb.
“The goal for the Company is to replicate this business model in different basins in the Mid-continent and Rockies, where there is still significant value left behind,” said Kevin J. Sylla, the Company’s Executive Chairman. “We have a niche market where we have identified underdeveloped, stranded and often overlooked assets that have tremendous upside value,” continued Sylla. “The Company is in discussions with other operators to develop or acquire assets that meet our stringent criteria,” concluded Sylla.
About the Company
Foothills Exploration, Inc. (“FTXP” or the “Company”), is an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow. The Company’s strategy is to build a balanced portfolio of assets through two core initiatives. The first initiative is to generate high-impact oil and gas exploration projects. The second is to invest in hydrogen and geothermal projects for a low carbon future through its New Energy Ventures division by identifying areas where the Company can contribute to a viable, realistic, and balanced future energy mix. For additional information please visit the Company’s website at www.foothillspetro.com.
Investor Contact
Christopher Jarvis
EVP of Finance
(800) 204-5510
ir@foothillspetro.com
Source: Foothills Exploration, Inc
Released August 25, 2022
keep those 0006s available for a couple more days trading !! SO the smart money can load the boat . FTXP
I'm currently driving so I can't repost the news but may you put up today's news as a sticky..
TIA
May a MOD please stickie today's news
I did, 4,000,000 last week
held them 4ever too
next...
FTXP
I think they did with today's news..
Let it sink in over night..
Company could use some gas to get going
We should close @.0008 based on yesterday action
Could be a distinct possibility!!!!
let's past 0.0007 today or Tomorrow.
This is the best looking 000 trip going into SEPTEMBER
lol added a few more 0006s FTXP
$FTXP =.0007
WHO SOLD .0004's lol
$FTXP HELLO .0007 pic.twitter.com/1RAaDIofNw
— Carjockey2 (@cocomoco1234567) August 25, 2022
considering weather i want to add more at 0006s or at least try to ..
Playing some games here my friend just bought on the ask and they're putting it through five digits...
Yuppppp...
Let that PR today sink in
agreed .. tap those 0007s close it 0006 x 0007 would be fine by me
Stop stacking the ask I'm going to be on government cheese soon..
Geeze..lol
Weeeeee
No...
Hitting .007's would be good though
...u think it could go past 0007s today ?? i daubt it ... maybe tomorrow ??
FTXP added more at 0006
Looks that way..
Now don't disappear
Anyone selling at these bargain prices going to regret IMO…. FTXP has so much potential for a major run coming your way!! .005++ cents ….. .01++cents IMO
Exactly lol. FTXP Ready to explode north bound!!
Does FTXP have free Valet parking?
I do that all the time I used to laugh when my mother did it I guess I'm getting old or being retired one day just runs into another..imo
Thanks feels like Friday! Even Better :)
.0006
Know the players you'll know the results..
10000% profits
Let's get thru .0007's first...
We may close .0008 today
KAH---BOOOOOMMM!!!!!
This is one big dilution POS, more sells than buys
Nuttin here but HYPE and shares to sell... weee
https://ih.advfn.com/stock-market/USOTC/foothills-exploration-pk-FTXP/trades
Today's Thursday.
You just dropped the MIC..
$FTXP
They know that everybody uses PO Boxes since covid as most people work at home..
Funny shit!!!
PAYtience gonna pay us big time....
FTXP is GEM in the making!! .005+….01++
Imo
Same as TLSS that ran to .25. MAVERICK ENERGY GROUP (ran to .60) had a PO box in a St Augustine Fla UPS store also.
lets past 7 today.
If we get down to 30 million I'll take them
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Regional Focus | Reserve Growth | Risk Management | Our strategy creates value for our shareholders and strategic partners by:
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ManagementFoothills Exploration has assembled a seasoned team of oil and gas industry professionals, with deep experience in the U.S. Rocky Mountain region, providing their expertise in petroleum engineering, geology, geophysics and operations. | Value CreationThe Company has a carefully developed plan to create and maximize value for shareholders focused on acquiring oil and gas assets at attractive valuations and growth through field optimization and the drill bit. |
Tightly defined geographic focus to leverage basin-specific knowledge, technical & operational expertise | Sound well economics Stacked pay zones | Long life assets Very attractive EURs |
| Foothills Exploration, Inc. (the "Company") currently holds over 34,000 acres in the Greater Green River and Wind River Basins of Wyoming and over 7,800 acres in the Uinta Basin of Utah. The Company is actively seeking to grow its footprint in the Rocky Mountain region by targeting high quality oil and gas assets for acquisition and development. Our management team and advisers have a deep working knowledge and depth and breadth of experience in our geographical area of interest. Our skilled and experienced technical team effectively evaluate the merits of prospective acquisitions, determining each project's geological risk/reward profile and driving informed decisions as to whether we can efficiently optimize and maximize the properties.? |
| FOOTHILLS EXPLORATION, INC. |
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