Wednesday, June 19, 2019

Updated #Oil and #Gas #Stock Breaking News - FOOTHILLS EXPLORATION INC. (OTC.QB: $FTXP) UPDATES ON 7,000 ACRE, 87 WELL ACQUISITION, @Foothills_FTXP


Updated #Oil and #Gas #Stock Breaking News - FOOTHILLS EXPLORATION INC. (OTC.QB: $FTXP) UPDATES ON 7,000 ACRE, 87 WELL ACQUISITION, @Foothills_FTXP



LOS ANGELES, CA June 19, 2019 – (Investorideas.com Newswire)  Foothills Exploration, Inc. (OTC.QB: FTXP) (the “Company,” or “Foothills”), an independent oil and gas exploration company engaged in acquiring and developing oil and natural gas properties in the Rockies today provided an update on its proposed acquisition of 7,000 acres and 87 oil and gas wells in Montana.


"We look forward to closing on this transaction during Q3 this year, and when closed we expect that this Montana asset will add accretive value to our asset base and complement our existing portfolio," stated Kevin Sylla, Executive Chairman of Foothills. “This planned acquisition will add another revenue producing property where we can improve operations, reduce costs, and secure value-added drilling and development opportunities to our exploration inventory,” continued Sylla.

Asset Purchase
The target acquisition is located is in Montana’s North-Central Basin and is oil-weighted. The properties consist of about 7,000 acres and a total of 87 oil and gas wells. These stripper wells currently produce approximately 106 barrels of oil per day (“BOPD”). The oil properties include 58 wells – 12 producing, 25 shut-in proved developed non-producing and 21 injection wells comprising of the Sumatra and Big Wall/Little Wall Fields. The gas properties consist of 29 stripper wells – 10 producing and 19 shut-in. The properties currently generate approximately $1.8 million in total annual gross revenues.

The Company has devised a field-wide optimization program designed to bring production back online from the 44 shut-in wells and expects these workover operations to generate a 100% increase in current production levels. “We expect that this acquisition will provide Foothills with significant upside from an operational standpoint, where we can workover existing wells, and from an exploration and development standpoint, where we can work on several behind-pipe opportunities,” said Sylla.

Future Upside
The Company’s technical team believes that horizontal development is worth pursing in the Amsden and Tyler formations. In 1993, Texaco drilled a 2,000FT horizontal well to the Amsden formation on the same acreage position, which had an initial production of 169 BOPD and produced 158,000 barrels of oil with 12 years of flat production decline, and which further supports management’s belief in a future exploration program. Three additional structurally higher drilling locations offsetting the Texaco well have been identified with what management believes to be excellent development potential.

The U.S. Geological Survey (“USGS”) completed a geology-based assessment of the continuous (unconventional) oil and gas resources of the Big Snowy Trough area of central Montana and western North Dakota, which included a majority of the 7,000 acres being acquired by the Company. The USGS North-Central Montana continuous oil assessment unit, undiscovered mean resources summary for the Heath formation determined that there was an estimated 637 million barrels of oil in the area.

The Company’s technical team, in conjunction with a third-party engineering firm, will perform a comprehensive study of the area and assess the optimal development plan for the Heath formation. In Q1 2019, another operator in the area announced a Heath horizontal discovery, west of the acquisition target’s Sumatra field.

“We are excited at the opportunity to acquire this asset,” continued Sylla. “We think there is tremendous upside development drilling conventional and unconventional horizontal wells from shallow depths across the acreage position. This acquisition gives us the opportunity to be at the forefront of an emerging horizontal play,” ended Sylla.

The Company expects to close on this acquisition on or about August 22, 2019, subject to approval from the State of Montana, however, no assurances can be given that the transaction will close.

About the Company
Foothills Exploration, Inc. is a growth stage oil and gas exploration and production (E&P) company with a focus on acquiring and developing undervalued and underdeveloped properties in the Rockies. The Company’s principal assets are located across well-established plays in the U.S. Rocky Mountain region. For additional information please visit the Company’s website at www.foothillspetro.com.

Forward-Looking Statements
This release includes ''forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including ''will,'' ''may,'' ''expects,'' ''projects,'' ''anticipates,'' ''plans,'' ''believes,'' ''estimate,'' ''should,'' “could,” “proposed” and certain of the other foregoing statements may be deemed forward-looking statements. These statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, and information currently available to management. Although Foothills believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. 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, or generate commercial production from wells drilled on our properties in same formations or zones as other discoveries made by third parties are forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Factors that could cause the Company's actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: risks inherent in natural gas and oil drilling and production activities, including risks of fire, explosion, blowouts, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks, which may temporarily or permanently reduce production or cause initial production or test results not to be indicative of future well performance or delay the timing of sales or completion of drilling operations; delays in receipt of drilling permits; risks with respect to natural gas and oil prices, a material decline which could cause Foothills to delay or suspend planned drilling operations or reduce production levels; risks relating to the availability, timing and cost of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in natural gas and oil prices; risks relating to unexpected adverse developments in the status of properties; risks relating to the absence or delay in receipt of government approvals or third party consents; the Company's ability to identify, finance and integrate recent or future acquisitions; the volatility of the Company's stock price; and other risks described in Foothills' Annual Report on Form 10-K and other filings with the SEC, available at the SEC's website at www.sec.gov. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company.

Investor Contact
Christopher Jarvis
(424) 901-6655

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: this FTXP news release distribution is a paid for service on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
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Wednesday, April 10, 2019

The #AIEYE: #AI and #Automation as an Answer to Energy Consumption and Environmental Sustainability (NYSE: $ABB) (TSXV: $MCLD.V) (NASDAQ: $MRVL) (NASDAQ: $RAVN)

The #AIEYE: #AI and #Automation as an Answer to Energy Consumption and Environmental Sustainability (NYSE: $ABB) (TSXV: $MCLD.V) (NASDAQ: $MRVL) (NASDAQ: $RAVN)




Point Roberts WA, Vancouver BC – April 10, 2019 – Investorideas.com, a global investor news source covering Artificial Intelligence issues a special edition of The AI Eye, looking at how AI will play a significant role in energy consumption and environmental sustainability.


As global population increases and the rate of industrialization across the developing world accelerates, the problems of energy efficiency and climate change loom ominously. One thing that may be able to keep externalities caused by urbanization in check, are emerging technologies like artificial intelligence. A recent report from Technavio for instance, projects that global AI in the energy market will grow by $6.06 billion USD from 2019-2023. An analysis from Frost & Sullivan highlights some of the benefits of this trend. In the analysis, Swagath Navin Manohar, Research Analyst, Energy & Environment, outlines how AI can reduce energy waste in electricity and other sectors by providing better consumption data:

"In addition to making the electricity system intelligent and flexible, AI algorithms help utilities and energy companies understand and optimize consumer behavior and manage energy consumption across different sectors. Meanwhile, complex machine learning algorithms combined with real-time weather data from satellites, ground-based observation, and climate models can be used to forecast the electricity generated by RES like wind, solar, and ocean."

Multinational automation company ABB Ltd. (NYSE:ABB) is already putting some of these ideas into practice with their Industrial AI Accelerator program, aimed at supporting startups using AI to solve industrial challenges. The co-founder of one of those startups (Greenlytics), Sebastian Haglund El Gaidi, explained how working with ABB makes it possible to leverage AI in the service of a more efficient power grid:

“The conversations with ABB helped us realize the different areas where we can combine our capabilities and create technological synergies. Collaborating with ABB will help further develop our vision of tomorrow’s increasingly renewable, distributed and smarter grid. We already learned a lot about not only the technology but also the potential market and customer needs – and that is really important for a startup, especially in a B2B context.”

An article on The Next Web emphasizes the role AI has in identifying patterns in energy consumption data that can be used to better regulate how scarce resources like electricity can be distributed. The piece quotes Henrik Brink, the founder of Ento Labs, a company fighting climate change with artificial intelligence:

“Energy efficiency is the only really direct way of lowering emissions. And according to our initial research, there’s a huge opportunity for lowering emissions. There’s so many low hanging fruits of companies and industries that can be optimized a lot.”

A company applying this insight in a big way is Universal mCloud Corp. (OTC:MCLDF) (TSXV:MCLD), whose AssetCare platform combines AI with IoT and cloud computing technology and has found application in various markets. A key recent development has been the announcement that AssetCare connectivity has been established for the Heiwado Shopping Center in Changsha, Hunan Province, China. Done in collaboration with mCloud partner SCN Ltd., this will see management of the mall’s stores’ HVAC systems using AI and analytics, which will deliver ongoing energy savings, curbing the costly 41 percent of energy currently used by Heiwado for heating and cooling.

Furthermore, mCloud collaborates with Britwind, an affiliate of UK’s Ecotricity, to apply AssetCare analytics to improve wind turbine availability and extend the health of wind turbines in Europe and China, and mcloud is also collaborating with Fulcrum Automation Technologies on a plan to target at least 200 oil and gas assets as part of a greater strategy to access thousands of field assets in North America and the Middle East.

Semiconductor manufacturer Marvell Technology Group Ltd. (NasdaqGS:MRVL) last year demonstrated its AI SSD Controller powered by Deep Learning Accelerator technology from NVIDIA. The related press release stresses the cost-saving features of the tech via “improving efficiency, reducing power consumption, maximizing scalability and optimizing distribution of resources,” Noam Mizrahi, VP of Technology and Architecture at Marvell, said:

“Our advanced AI SSD controller proof of concept solution sets a new paradigm in utilizing available system resources more efficiently, resulting in the scalable, cost-effective data storage expected for all kinds of machine learning tasks."

Raven Industries, Inc. (NasdaqGS:RAVN) reduces operating costs and improves yields using precision agriculture technology. Last year, the company partnered with Dot Technology Corp., an autonomous agriculture platform leader, to “power the autonomous farming solutions of the future”. The Raven tech-based DOT Power Platform “completes tasks autonomously and enables farmers to spend more of their time focusing on the overall operation of their farms.”

So though greater industrialization across the globe creates challenges to energy consumption and environmental sustainability, it also seems to be yielding the very technologies, such as AI and automation that are required to assuage them.


About Investorideas.com
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Disclaimer/Disclosure:. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, contents creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: More disclaimer info: This article featuring mCloud Corp.  is a paid for article on Investorideas.com ( third party) https://www.investorideas.com/About/Disclaimer.asp ,
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Thursday, April 4, 2019

The #AIEYE: How #AI, #IoT and Digital Tech are Transforming Resource Industries (TSXV: $MCLD.V) (OTC: $SBGSY) (TSX: $STLC.TO) (TSXV: $AIIM.V)


The #AIEYE: How #AI, #IoT and Digital Tech are Transforming Resource Industries (TSXV: $MCLD.V) (OTC: $SBGSY) (TSX: $STLC.TO) (TSXV: $AIIM.V)

Point Roberts WA, Vancouver BC – April 4, 2019 – Investorideas.com, a global investor news source covering Artificial Intelligence issues a special edition of The AI Eye, looking at how new developments in AI, IoT and the digital tech sector are now being deployed in seemingly “old-school” industries such as oil and gas and mining.

As technology progresses forward at a break-neck pace, older and more established industry sectors such as oil and gas, or mining and manufacturing are beginning to realize that utilizing these new technologies is the only way to embrace the future.  BI Intelligence predicts that global manufacturers will invest $70 Billion on IoT solutions in 2020, up from $29 Billion spent in 2015.



Universal mCloud Corp. (TSX-V: MCLD) (OTCQB: MCLDF), a leading provider of asset management solutions combining IoT, cloud computing, artificial intelligence and analytics, recently unveiled its plans to connect oil and gas field workers with real-time access to digital work assistance capabilities using the Company’s AssetCare platform delivered via head-worn, hands-free smart glasses.







Originally developed to support field workers and maintainers in mCloud’s Smart Buildings and Wind segments, the Company expects to deliver similar capabilities within its recently announced entry into Oil and Gas through its newly-signed three-year global licensing agreement for AssetCare solutions with Fulcrum Automation Technologies (“Fulcrum”). In the oil and gas industry, mCloud estimates there are over 1.4 million field workers operating over 500,000 assets across North America whose roles would benefit from the enhanced productivity and efficiency that would come with hands-free access to AssetCare in the field.

Delivered on smart glasses, mCloud’s AssetCare platform enables workers in the field to get access to the right information at the right time combining the features of an AI-powered digital assistant with advanced 3D and mixed reality. Real-time digital work instructions enable workers to get guidance and verification as they work through complex procedures, ensuring they get jobs done right the first time. Smart work order management capabilities ensure workers focus on those field assets in most urgent need of attention.

In addition, remote assistance, provided through mCloud’s strategic arrangement with Agnity Global enables workers in the field to virtually collaborate with experts in the corporate back-office through a secure, enterprise-grade video and audio link.

“Our ability to deliver AssetCare on hands-free smart glasses lets us dramatically improve the productivity and efficiency of field workers everywhere,” said Dr. Barry Po, mCloud’s Chief Product Officer. “All across the oil and gas value chain, there are opportunities for us to enhance the way decisions are made in the field.”

Schneider Electric S.E. (OTC: SBGSY), a leader of digital transformation in energy management and automation, has recently announced the launch of Schneider Electric Exchangethe world's first cross-industry open ecosystem dedicated to solving real-world sustainability and efficiency challenges.

"Digitization continues to revolutionize the way we work and behave. The world can no longer work in independent silos; the need for better integration and collaboration has unearthed new opportunities and solutions. Schneider Electric Exchange brings together a diverse ecosystem of digital innovators and experts, enabling the co-creation of solutions and enriching learning and speed through collective intelligence. Together this digital ecosystem creates, collaborates, and scales business growth," says Cyril Perducat, EVP IoT & Digital Offers, Schneider Electric.

Stelco Holdings Inc. (TSX: STLC) (OTC; STZHF), the owners of North America's newest and most technologically advanced integrated steelmaking facilities recently announced signing an agreement with Canvass Analytics Inc., a global leader in AI software for intelligent industrial operations to use Canvass's AI platform to transform its steel operations, improve yield and boost productivity.

Alan Kestenbaum, Executive Chairman of Stelco Inc. commented: "As a company that strives to deliver the market's highest quality products in a cost competitive manner, we are continuously looking at how we can operate better. By partnering with Canvass Analytics, we are systematically transforming our facilities into intelligent operations environments and augmenting a digitally oriented workforce in order to take the efficiency of our operations to the next level. Canvass Analytics quickly demonstrated to us the usefulness of AI in certain areas of our operations and the potential of applying AI across our operations in order to increase our profitability and competitiveness."

In the mining sector, Albert Mining Inc. (TSX-V: AIIM), using Artificial Intelligence (AI) and advanced knowledge-extraction techniques since 2005 announced on March 28th that its technology will be used on Playfair Mining Ltd.’s RKV property (Tynset, Hedmark County area, 295.96 square kilometres), located in Southern Norway, 350 km North of Oslo. A fee will be paid to Albert for applying its CARDS (Computer Aided Resources Detection Software) system using AI and Datamining on the RKV property.

Albert Mining says its objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.
AI is changing the future of the resource sector from agriculture to energy and mining but it also impacts almost all sectors as innovation and demand for efficiency become key ingredients for success.  In Canada and the US, the resource sector is a key contributor the economy, so the old must meet the new or face meeting the fate of the dinosaurs.

For a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member.

About Investorideas.com
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 


Disclaimer/Disclosure:https://www.investorideas.com/About/Disclaimer.asp , Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, contents creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: More disclaimer info: This article featuring mCloud Corp. is a paid for article on Investorideas.com ( third party)
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