Energy Stock News: Enterprise Group (TSX: $E.TO) Completes Sale of Calgary Tunnelling & Horizontal Augering

Energy Stock News: Enterprise Group (TSX: $E.TO) Completes Sale of Calgary Tunnelling & Horizontal Augering

St. Albert, AB - March 26, 2018 (Investorideas.com Newswire) Enterprise Group, Inc. ("Company" or "Enterprise") (TSX:E) a consolidator of services to the energy sector; focused primarily on specialized equipment rental, announcing today that it has closed the previously reported sale of the assets of its trenchless solutions business unit, Calgary Tunnelling & Horizontal Augering (“CTHA”), to a private arm's length purchaser.

Read this news in full at http://www.investorideas.com/CO/TSXE/news/2018/03261Calgary.asp

Acquired in June 2013 for $12.0 million, over the course CTHA generated approximately $60 million in profitable revenue to Enterprise.

Gross proceeds of the transaction are $20.6 million pursuant to post-closing working capital adjustments. All proceeds from this transaction will be deployed towards reducing Enterprise's debt, placing the Company in the enviable position of being net debt free.

Enterprise's corporate structure will allow the utilization of tax losses to offset the gain on this transaction.

In a news release dated March 15th that announced full year results to December 31, 2017 the Company provided a breakdown adjusted for goodwill and deferred taxes, assets in excess of total debt of $51 million or $0.92 per share. The CTHA transaction improves this position, increasing it to $56 million or $1.01 per share.

Management's execution of its growth plan bodes extremely well for the future of Enterprise as well as its shareholders. Management intends to build and grow its three remaining divisions and acquire additional equipment rental businesses.

There are a number of acquisition targets currently being evaluated by the Company.

The paydown of the PNC credit facility will free up the $25 million line for future acquisition purposes. Management has also been offered a further $15 million line from a prominent U.S. based non-bank lender for acquisition purposes.

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For questions or additional information, please contact:

Leonard Jaroszuk, President & CEO, or
Desmond O'Kell, Senior Vice-President
780-418-4400
contact@enterprisegrp.ca

Forward Looking Information

Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. In particular, this news release contains forward looking information relating to the proposed sale of CTHA, the terms and timing of such transaction and the use of proceeds therefrom. These forward-looking statements are based on assumptions and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including the negotiation of a definitive agreement, obtaining all necessary third party consents and approvals, satisfaction or waiver of closing conditions, general economic conditions, industry conditions and competitive factors. There is no assurance that the proposed transaction will be completed on the terms set forth herein or at all. Actual future results may differ materially. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

Enterprise Group, Inc. (TSX: E) is a featured company on Investorideas.com

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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: http://www.investorideas.com/About/News/Clientspecifics.asp Disclosure: Enterprise is a paid PR news and social media client effective January 12018 for three months -five thousand per month

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: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country

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#Energy #Stock News: Enterprise Group (TSX: $E.TO) Announces Results for Fourth Quarter and Full Year 2017

#Energy #Stock News: Enterprise Group (TSX: $E.TO) Announces Results for Fourth Quarter and Full Year 2017

St. Albert, AB - March 15, 2018 (Investorideas.com Newswire) Enterprise Group, Inc. ("Enterprise," or "the Company") (TSX:E), a consolidator of services to the energy sector; focused primarily on construction services and specialized equipment rental, today released its Q4 2017 and FY2017 results.

Read this news in full at http://www.investorideas.com/CO/TSXE/news/2018/03151Results2017.asp

Enterprise experienced a meaningful increase in activity from its existing customers coupled with a substantial increase in the number of new customers. Although activity during the year has increased, price reductions implemented throughout the industry in 2015 and 2016 are still in place and competition continues to be holding prices down. Enterprise's high level of service combined with its expertise and specialized equipment has allowed the Company to successfully navigate during this economic downturn.

Revenue for the three months ended December 31, 2017 of $10,687,760 increased by $2,361,114 or 28% compared to the prior period. Gross margin declined to 27% and EBITDA increased to $2,566,045 for the three months ended December 31, 2017. Revenue for the year ended December 31, 2017 of $37,677,118 increased by $8,953,533 or 31% compared to the prior period. Gross margin for the year ended December 31, 2017 slightly increased to 25% when compared to the prior period. EBITDA for the three months and year ended December 31, 2017 of $2,566,045 and $7,039,984 respectively, increased from higher activity levels combined with reductions in interest charges and general and administrative expenses when compared to the prior period.

During 2017, the Company integrated and upgraded its financial and reporting systems along with its rental fleet tracking and deployment system. Immediate efficiencies and cost savings were experienced after implementing these systems. Further enhancements to these systems will continue in 2018.

Over the last 2 years, the Company has made significant improvements to its statement of financial position and overall total debt. At December 31, 2017, after adjusting for goodwill and deferred taxes, the Company has assets in excess of total debt of approximately $51,000,000 or $0.92 per share. Enterprise will continue to look for opportunities to improve its financial position and opportunities that will allow the Company to diversify and expand.

About Enterprise Group, Inc.

Enterprise Group, Inc. is a consolidator of construction services companies operating in the energy, utility and transportation infrastructure industries. The Company's focus is primarily construction services and specialized equipment rental. The Company's strategy is to acquire complementary service companies in Western Canada, consolidating capital, management, and human resources to support continued growth. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedar.com

Forward Looking Information

Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

Non-IFRS Measures

The Company uses International Financial Reporting Standards ("IFRS"). EBITDAS is not a measure that has any standardized meaning prescribed by IFRS and is therefore referred to as a non-IFRS measure. This news release contains references to EBITDAS. This non-IFRS measure used by the Company may not be comparable to a similar measure used by other companies. Management believes that in addition to net income, EBITDAS is a useful supplemental measure as it provides an indication of the results generated by the Company's principal business activities prior to consideration of how those activities are financed or how the results are taxed. EBITDAS is calculated as net income excluding depreciation, amortization, interest, taxes and stock based compensation.

SOURCE: Enterprise Group, Inc.

For questions or additional information, please contact:

Leonard Jaroszuk, President & CEO, or
Desmond O'Kell, Senior Vice-President
780-418-4400
contact@enterprisegrp.ca

Enterprise Group, Inc. (TSX: E) is a featured company on Investorideas.com

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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: http://www.investorideas.com/About/News/Clientspecifics.asp Disclosure: Enterprise is a paid PR news and social media client effective January 2018 for three months -five thousand per month

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: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country

Energy Stock News: Enterprise Group (TSX: $E.TO) Announces Letter of Intent to Divest the Business of Calgary Tunnelling & Horizontal Augering

Energy Stock News: Enterprise Group (TSX: $E.TO) Announces Letter of Intent to Divest the Business of Calgary Tunnelling & Horizontal Augering

St. Albert, AB - March 6, 2018 (Investorideas.com Newswire) Enterprise Group, Inc. (TSX:E) ("Enterprise," or "the Company") is pleased to announce that it has entered into a non-binding letter of intent for the sale of the assets of its trenchless solutions business unit, Calgary Tunnelling & Horizontal Augering ("CTHA"), to a private arm's length purchaser.

Read this news in full at http://www.investorideas.com/CO/TSXE/news/2018/03061CTHA.asp

Pursuant to the terms of the letter of intent, Enterprise proposes to sell all of the assets relating to the business carried on by CTHA for total proceeds of approximately $21 million, subject to certain adjustments for inventory and working capital. All proceeds from the transaction would be used to reduce Enterprise's debt. On completion of the transaction the Company will be net debt free.

Enterprise expects to complete the transaction on or about March 15. Completion of the transaction is subject to negotiation of a definitive agreement, finalization of satisfactory due diligence, obtaining third party consents and approvals and other customary closing conditions.

Completion of the transaction allows the company to pursue several attractive growth opportunities in the specialty equipment rental space. Management intends to focus its forward attention on the equipment rental sector.

For questions or additional information, please contact:

Leonard Jaroszuk, President & CEO, or
Desmond O'Kell, Senior Vice-President
780-418-4400
contact@enterprisegrp.ca

Forward Looking Information

Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. In particular, this news release contains forward looking information relating to the proposed sale of CTHA, the terms and timing of such transaction and the use of proceeds therefrom. These forward-looking statements are based on assumptions and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including the negotiation of a definitive agreement, obtaining all necessary third party consents and approvals, satisfaction or waiver of closing conditions, general economic conditions, industry conditions and competitive factors. There is no assurance that the proposed transaction will be completed on the terms set forth herein or at all. Actual future results may differ materially. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

Enterprise Group, Inc. (TSX: E) is a featured company on Investorideas.com

Get News Alerts on Enterprise Group, Inc.

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: http://www.investorideas.com/About/News/Clientspecifics.asp Disclosure: Enterprise is a paid PR news and social media client effective January 12018 for three months -five thousand per month

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: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country

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Oil and Gas Stock News: Foothills Exploration (OTC.QB: $FTXP) Reports on Uinta Basin Horizontal Gas Well Drilling

Oil and Gas Stock News: Foothills Exploration (OTC.QB: $FTXP) Reports on Uinta Basin Horizontal Gas Well Drilling

Successful drilling, completion and flow testing of the Stagecoach 111-20H horizontal well; Stagecoach well operated by EOG Resources, Inc. (NYSE: $EOG)

DENVER - February 20, 2018 (Investorideas.com Newswire) Foothills Exploration, Inc. (OTC.QB: FTXP) , an independent oil and gas exploration company engaged in the acquisition and development of oil and gas properties in the Rockies, reported today the successful drilling, completion and flow testing of the Stagecoach 111-20H horizontal well, now producing natural gas in commercial quantities.

The Stagecoach 111-20H well is operated by EOG Resources, Inc. (NYSE: EOG) and Foothills owns 21% Working Interest in the well. The well has been online for over 30 days and production tubing is expected to be set in the near term. The well has been classified by the operator as Confidential with the State of Utah Division of Oil, Gas and Mining, and consequently only limited data can be provided.

Read this news in full at http://www.investorideas.com/news/2018/energy/02201FoothillsExploration.asp

"We are excited about the Stagecoach drilling results.  This successful horizontal well will quickly generate production and cash flow, which is expected to payout within 30 months,” stated Kevin Sylla, the Company’s Executive Chairman.  “Foothills will continue to look for additional non-operated positions and drilling interests with other world-class operators to complement our continuing focus of acquiring producing oil and gas properties in the Rockies,” continued Sylla.

“In addition to diversifying the Company’s oil and gas assets, we believe natural gas market fundamentals have improved materially over the last 12-months, driven by record exports to Mexico and foreign sales of LNG, coupled with a strong heating season that has storage levels well below the 5-year average,” stated Chris Jarvis, the Company’s Executive Vice President of Finance.  “These conditions bode well for natural gas prices to remain firm over the near-term and throughout the rest of 2018,” continued Jarvis.

About the Company

Foothills Exploration, Inc. (FTXP), based in Denver, Colorado, is a growth stage oil and gas exploration and production (E&P) company with a focus in 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 Rocky Mountain region.  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.

Investor Contact

Christopher Jarvis

(720) 449-7478

ir@foothillspetro.com

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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: http://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 http://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: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

#Energy #Stock News: FOOTHILLS EXPLORATION (OTCQB: $FTXP) ANNOUNCES UINTA BASIN HORIZONTAL GAS WELL DRILLING SUCCESS

#Energy #Stock News: FOOTHILLS EXPLORATION (OTCQB:  $FTXP) ANNOUNCES UINTA BASIN HORIZONTAL GAS WELL DRILLING SUCCESS

Successful drilling, completion and flow testing of the Stagecoach 111-20H horizontal well, now producing natural gas in commercial quantities

DENVER, CO - February 16, 2018 (Investorideas.com Newswire) – Foothills Exploration, Inc. (OTC.QB: FTXP) (the “Company,” “Foothills” or “FTXP”), an independent oil and gas exploration company engaged in the acquisition and development of oil and gas properties in the Rockies, reported today the successful drilling, completion and flow testing of the Stagecoach 111-20H horizontal well, now producing natural gas in commercial quantities.

Read this news in full at http://www.investorideas.com/news/2018/energy/02161OTCQBFTXP.asp

The Stagecoach 111-20H well is operated by EOG Resources, Inc. (NYSE: EOG) and Foothills owns 21% Working Interest in the well.  The well has been online for over 30 days and production tubing is expected to be set in the near term.  The well has been classified by the operator as Confidential with the State of Utah Division of Oil, Gas and Mining, and consequently only limited data can be provided.

"We are excited about the Stagecoach drilling results.  This successful horizontal well will quickly generate production and cash flow, which is expected to payout within 30 months,” stated Kevin Sylla, the Company’s Executive Chairman.  “Foothills will continue to look for additional non-operated positions and drilling interests with other world-class operators to complement our continuing focus of acquiring producing oil and gas properties in the Rockies,” continued Sylla.

“In addition to diversifying the Company’s oil and gas assets, we believe natural gas market fundamentals have improved materially over the last 12-months, driven by record exports to Mexico and foreign sales of LNG, coupled with a strong heating season that has storage levels well below the 5-year average,” stated Chris Jarvis, the Company’s Executive Vice President of Finance.  “These conditions bode well for natural gas prices to remain firm over the near-term and throughout the rest of 2018,” continued Jarvis.

About the Company

Foothills Exploration, Inc. (FTXP), based in Denver, Colorado, is a growth stage oil and gas exploration and production (E&P) company with a focus in 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 Rocky Mountain region.  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.

Investor Contact

Christopher Jarvis

(720) 449-7478

ir@foothillspetro.com

OilandGasStockNews.com- investing ideas in oil and gas stocks

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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: http://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 http://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: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Energy Stock News: Enterprise Group (TSX: $E.TO) Announces Results for the Fourth Quarter of 2017

Energy Stock News: Enterprise Group (TSX: $E.TO) Announces Results for the Fourth Quarter of 2017

St. Albert, AB - February 7, 2018 (Investorideas.com Newswire) Enterprise Group, Inc. ("Enterprise," or "the Company") (TSX:E), a consolidator of services to the energy sector focused primarily on construction services and specialized equipment rental, today released its Q4 2017 and FY2017 results. (Table below).

Read this news in full at http://www.investorideas.com/CO/TSXE/news/2018/02071Q42017.asp

Key investment metrics evidencing ongoing growth:

·        Q4 2017 revenue $10.7m versus Q4 2016 at $8.3m

·        EBITDA Q4 2017 $2.56m versus Q4 2016 $1.87m

·        Net Income Q4 2017 $1.1m versus Q4 2016 loss ($9.9m)

·        EPS Q4 2017 $0.02 versus Q4 2016 loss ($0.18)

(1)         The Company's annual yearend audit is currently under way however it has not yet been completed. The financial figures presented in this release are reported in Canadian dollars, have been prepared in accordance with International Financial Reporting Standards and are subject to audit verification and adjustments. The Company expects to release its audited consolidated yearend financial statements and MD&A no later than March 29, 2018.

"While the business landscape has, and continues to improve, we are maintaining our posture of rationalizing costs and enhancing efficiencies," stated Desmond O'Kell, Senior Vice President. "With a positive Q4 2017 EPS over the same period in 2016 and showing significant increases in revenues and EBITDA for the same period, we look forward to a very active and profitable 2018."

Throughout 2017, Enterprise has experienced a meaningful increase in activity from its existing customers coupled with a substantial surge in new customers, which has resulted in increased market share for its four business units. Management's efforts to streamline and maximize efficiencies have translated into improved margins, positive cash-flow quarter after quarter and a strong return to profitability.

In the second half of 2017 the Company returned to profitability. Q3 and Q4 2017 delivered EPS of $0.01 and $0.02 respectively, while prior to this period the Company maintained positive cashflow through the challenging downturn that began 2014-2015.

Previously released: On January 8th, 2018, Enterprise announced that it had secured a one-year rental equipment supply and services agreement valued at C$9.1 million with one of Canada's largest energy producers focused on growing its strong portfolio of diverse resource plays.

For questions or additional information, please contact:

Leonard Jaroszuk, President & CEO, or
Desmond O'Kell, Senior Vice-President
780-418-4400
contact@enterprisegrp.ca

Forward Looking Information

Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

Non-IFRS Measures

The Company uses International Financial Reporting Standards ("IFRS"). EBITDA/EBITDAS is not a measure that has any standardized meaning prescribed by IFRS and is therefore referred to as a non-IFRS measure. This news release contains references to EBITDA/EBITDAS. This non-IFRS measure used by the Company may not be comparable to a similar measure used by other companies. Management believes that in addition to net income, EBITDA/EBITDAS is a useful supplemental measure as it provides an indication of the results generated by the Company's principal business activities prior to consideration of how those activities are financed or how the results are taxed. EBITDA/EBITDAS is calculated as net income excluding depreciation, amortization, interest, taxes and stock based compensation.

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