Replies to post #10499 on Foothills Exploration Inc (FTXP)

[LEFTY1182]

Good News! Spread the word folks, Monday this could start moving!!!!.03++imo

[Arnold25764]

Could get interesting opening bell next week?

[Bountiful_Harvest]

I like "After Hours" press releases on a Friday:

https://ir.foothillspetro.com/press-releases/detail/61/foothills-exploration-inc-signs-letter-of-intent-to

The Company, through its direct subsidiary, Anaconda Energy, LLC, has entered into a letter of intent with an unrelated third-party to acquire: (a) one hundred percent (100%) of the membership interest and one hundred percent (100%) of the outstanding shares of common and preferred stock of the operating companies for the oil and gas wells and leases; and (b) five percent (5%) overriding royalty interest in certain leases and wells. The transaction comprises the acquisition of 20 oil wells and 4 Class II salt water disposal injection wells.

The properties are currently producing approximately 25 barrel of oil per day (BOPD). The key element to the transaction is that there are 9 inactive wells that can be returned to production immediately for nominal capital expenditure. The workover program is set to begin in November and is expected to potentially double production.

[wmbz-sc]

Excellent! Now we are getting somewhere!