Phoenix, Arizona--(Newsfile Corp. - March 14, 2022) - The Stock Day Podcast welcomed Foothills Exploration, Inc. (OTC Pink: FTXP) ("the Company"), an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow. CEO of the Company, B.P. Allaire, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company's background and current projects. "Foothills Exploration is an independent exploration and development company," said Allaire. "Our long-term strategy is to build a balanced energy portfolio that is carbon neutral," he shared. "We will continue to explore for oil and natural gas in the near-term."
"In addition to our oil and natural gas portfolio, we are also working to develop carbon neutral projects by making investments into developing technologies and seeking strategic partners to help develop several hydrogen related projects," continued Allaire.
"With regards to your current oil and gas projects, which areas is Foothills Exploration focused on?" asked Jolly. "We are active and focused on the United States, specifically in both the mid-continent region and Rocky Mountain region," explained Allaire, before elaborating on the potential of its Wind River Basin project. "In regards to the mid-continent region, the company recently closed on the acquisition of two independent oil and gas operators in the Illinois Basin, through which we acquired 20 oil wells and four Class II salt water disposal injection wells."
"These Illinois Basin properties are currently producing about 25 barrels of oil per day and the upside potential includes 9 inactive wells that can be returned to production," continued Allaire. "The plan is to continue to acquire neglected fields and wells for nominal costs and drive value by reworking those properties."
"Could you elaborate on the drone joint venture that was recently announced, as well as your hydrogen initiatives?" asked Jolly. "Our drone joint venture, which is called HHE Exploration Technologies, recently completed full integration of its hydrogen sensing drone platform and is currently preparing to test the unmanned aerial system," said Allaire, adding that multiple natural hydrogen exploration programs will be launched in North and South America following testing. "We believe natural hydrogen has the potential to drastically accelerate the global energy transition to net zero."
"Why should investors consider investing into your company?" asked Jolly. "The Wind River Basin project could be a company-maker, and we are very excited about that," said Allaire. "We also believe that our hydrogen projects also have a great deal of potential as well," he added. "The company is now up-to-date with all of its required filings, we are OTC Pink current, our 2021 annual report is on track to be filed before the end of this month, which is the filing deadline; and we are working with our historical auditors and to continue to work through the auditing process to audit 2019, 2020, and 2021 with the goal of uplisting back onto the OTCQB as soon as possible."
"The company is also pivoting towards hydrogen and other green energy ventures to actively participate in the global energy transition to net zero. So, we are excited about what the future holds for us and we think investors should evaluate the potential value of our current initiatives when considering a potential investment in Foothills Exploration," closed Allaire.
To hear the entire interview with B.P. Allaire, follow the link to the podcast here: https://audioboom.com/posts/8046934-foothills-exploration-inc-discusses-its-wind-river-basin-project-and-hhe-exploration-technologi.
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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.
Forward-Looking Statements
All statements, other than statements of historical facts, included in this release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements. These statements are based on certain assumptions we made based on management's experience, perception of historical trends and technical analyses, current conditions, capital plans, drilling plans, production expectations, our ability to raise adequate additional capital, or enter into other financing arrangements to support our acquisition, development and drilling activities, anticipated future developments, and other factors believed to be appropriate and reasonable by management. When used in this release, words such as "will," "possible," "potential," "believe," "estimate," "intend," "expect," "may," "should," "anticipate," "could," "plan," "predict," "project," "profile," "model," "strategy," "future" or their negatives or the statements that include these words or other words that convey the uncertainty of future events or outcomes, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. In particular, statements, express or implied, concerning our future operating results and returns or our ability to acquire or develop proven or probable reserves, our ability to replace or increase reserves, increase production, or generate income or cash flows are forward-looking statements.
Forward-looking statements are not guarantees of performance. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. As a result, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. We have had sporadic and limited revenue and our securities are subject to considerable risk. Investors are cautioned to review FTXP's filings with the Securities and Exchange Commission for a discussion of risk and other factors that affect our business. Any forward-looking statement made by us in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.
Investor Contact
Christopher Jarvis
EVP of Finance
(800) 204-5510
ir@foothillspetro.com
About The "Stock Day" Podcast
Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America.
SOURCE:
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