Investorideas.com - #Energy Stocks News: Foothills Exploration Inc. (OTCQB: $FTXP) Announces MOU to Acquire ~16,387 Net Acres in Wind River Basin of Wyoming
www.investorideas.com - News that inspires big Ideas
Wednesday, March 27, 2019
Tuesday, March 26, 2019
#Oil and #Gas News- FOOTHILLS EXPLORATION INC. (OTCQB: $FTXP) ANNOUNCES MOU TO ACQUIRE ~16,387 NET ACRES IN WYOMING’S WIND RIVER BASIN
#Oil and #Gas News- FOOTHILLS EXPLORATION INC. (OTCQB: $FTXP) ANNOUNCES MOU TO ACQUIRE ~16,387 NET ACRES IN WYOMING’S WIND RIVER BASIN
LOS ANGELES, March 26, 2019 – Foothills
Exploration, Inc. (OTCQB:
FTXP) (the “Company,”
or “Foothills”), an independent oil and gas exploration company engaged in the
acquisition and development of oil and natural gas properties in the Rockies today
announced that it has executed a memorandum of understanding for the
acquisition of approximately 16,387 net acres of undeveloped oil and gas leases
in the Wind River Basin in Wyoming.
"We look forward to closing on our
second transaction this year, which following acquisition will complement our
existing portfolio," stated Kevin Sylla, Executive Chairman of
Foothills." “This intended acquisition
will add to our exploration inventory and provide us with prized high impact
drilling projects for the future. The
near-term focus is on the geological and geographical delineation of this large
continuous position.”
The Wind River Basin contains over 60
large oil and gas fields producing from 17 different geological formations. The
leases are located in Fremont County, Wyoming. The Paleozoic aged section is the primary
objective, and the Phosphoria, Tensleep, Madison and Flathead Formations of the
Paleozoic have yielded significant oil production in a number of regional
fields down dip to the west, updip to the south and along structural trends
farther to the west-northwest.
Foothills’ acreage is located in this
large undrilled area and is along the eastern flank of a deeper sub basin in
the Wind River Basin proper, where a deep structural deposit called the Beaver
Creek field has produced approximately 71.7 million barrels of oil and
906,473,338 MCF of gas. The Big Sand
Draw field, updip to the south, has produced some 60.8 million barrels of oil
and 214,923,203 MCF of gas from multi-pay horizons generally in the Frontier,
Muddy, Lakota, Morrison, Phosphoria, Tensleep and Madison formations.
We currently expect this transaction to
close on or about March 28, 2019, subject to the completion of the Company’s
due diligence.
About the Company
Foothills Exploration, Inc. is a growth
stage oil and gas exploration and production (E&P) company with a focus on the
acquisition and development of 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 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
OilandGasStockNews.com- investing ideas in oil and gas
stocks
This
news is published on the Investorideas.com Newswire – News that Inspires big
ideas
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 investment involves risk and possible loss of investment. This site is
currently compensated for news publication and distribution, social media and
marketing, content 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. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp. Disclosure this news is a paid for news release
on the Investorideas.com newswire by FOOTHILLS EXPLORATION (OTC.QB:
$FTXP). Learn more about costs and our newswire service https://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global
Investors: Effective September 15 2008 - all BC investors should review all OTC
and Pink sheet listed companies for adherence in new disclosure filings and
filing appropriate documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894 Global
investors must adhere to regulations of each country.
Friday, March 22, 2019
Investor Ideas Adds Recent #Nasdaq IPO Stocks- Biotech, China-Asia and Energy Sectors – ($KLDO), ( $INMB), ( $SXTC), ( $MDJH) ( $MTC), ( $NFE)
Investor Ideas Adds Recent #Nasdaq IPO Stocks- Biotech, China-Asia and Energy Sectors – ($KLDO), ( $INMB), ( $SXTC), ( $MDJH)
( $MTC), ( $NFE)
Point Roberts, WA, Delta BC – March 22, 2019 – (Investorideas.com Newswire) Investorideas.com, a global news source and leading investor resource announces this week’s additions to its global stock directories in biotech, China-Asia and energy.
Investorideas.com is a go-to destination for retail investors and tracks companies in high-profile trading sectors and makes ongoing additions to its stock directories for its followers and members.
All new additions this week are recent Nasdaq IPO’s and include biotech, energy, and China-based companies.
New biotech stocks are clinical stage biotechnology companies involved in treatments using microbiomes and the innate immune system, respectively.
The latest China stocks include a cross-over into the life sciences sector of our biotech stocks directory, a fintech company and a real estate services company.
The newest energy company is involved in the natural gas infrastructure sector.
New Biotech Companies
Kaleido Biosciences, Inc. (NasdaqGS:KLDO) is a clinical-stage healthcare company with a differentiated, chemistry-driven approach to leveraging the potential of the microbiome organ to treat disease and improve human health. The Company has built a human-centric proprietary product platform to enable the rapid and cost-efficient discovery and development of novel Microbiome Metabolic Therapies (MMT™). MMTs are designed to modulate the metabolic output and profile of the microbiome by driving the function and distribution of the organ’s existing microbes. Kaleido is advancing a broad pipeline of MMT candidates with the potential to address a variety of diseases and conditions with significant unmet patient needs.
INmune BIO, INC. (NasdaqCM:INMB) is a publicly traded, clinical-stage biotechnology company developing therapies targeting the innate immune system to fight disease. INmune Bio is developing three product platforms: two products that reengineer the patient’s innate immune system’s response to cancer and one product to treat neuroinflammation that is currently focused on Alzheimer’s disease. INKmune is a natural killer (NK) cell therapeutic that primes the patient’s NK cells to attack minimal residual disease, the remaining cancer cells that are difficult to detect, which often cause relapse. INB03 inhibits myeloid derived suppressor cells (MDSC), which often cause resistance to immunotherapy, such as anti-PD-1 checkpoint inhibitors. XPro1595 targets neuroinflammation, which causes microglial activation and neuronal cell death. INmune Bio’s product platforms utilize a precision medicine approach for the treatment of a wide variety of hematologic malignancies, solid tumors and chronic inflammation
New China/Asia Companies
CHINA SXT PHARMACEUTICALS, INC. (NasdaqCM:SXTC) is an innovative pharmaceutical company based in China focusing on the research, development, manufacture, marketing and sales of traditional Chinese medicine tablets (the “TCMP”).
MMTEC, INC. (NasdaqCM::MTC) is a technology company in providing access to the US markets on an omnibus and DVP basis. The core business of MMTEC, INC. is to provide comprehensive, Internet-based technology services and solutions to the China local hedge funds, mutual funds, registered investment advisors, proprietary trading groups, and brokerage firms engaging in securities market transactions and settlements globally. We help these financial institutions to accelerate their integration into the overseas market by offering complete suite trading solutions, including services such as fund establishment, issuance, custody, transaction and settlement.
MDJM LTD (NasdaqCM:MDJH) is an emerging, integrated real estate services company in China. The Company offers primary real estate agency services to real estate developers including integrated marketing planning, advertising planning and strategy. The Company also provides real estate consulting services and independent training services on an as needed basis. Currently, the Company’s primary market is the Tianjin Autonomous Municipality and since 2014 the Company has expanded its market presence to other cities including Chengdu, Suzhou, and Yangzhou. Through two major development businesses, Xishe and Xishe Xianglin, coupled with existing core business, MDJM promotes the integration of urban and rural lifestyle services.
New Energy Companies:
NEW FORTRESS ENERGY LLC (NasdaqGS: NFE) is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities. New Fortress Energy is majority-owned by a fund managed by an affiliate of Fortress Investment Group
The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.
About Investorideas.com - News that Inspires Big Investing Ideas
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: 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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content 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. More disclaimer and disclosure info: https://www.investorideas.com/About/Disclaimer.asp.
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.
Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Learn more about our news, PR and social media services at Investorideas.com
To sponsor a daily podcast for the month or to be an expert guest please contact us!
Contact Investorideas.com
800-665-0411
Subscribe to:
Posts (Atom)