Foothills Exploration Inc (FTXP) Has Potential – But Change Is Needed

Foothills Exploration Inc (FTXP) closed up 10.00 percent on Friday at $0.0011 and has been trading in a day range of $0.0012 to $0.0009. Shares of FTXP surged over 10.00% in the last month; with an average volume for the month over 334.31M shares. If we look at three-month performance, FTXP stock falls over -47.62% while the average volume for the stock was 233.14M. The last 12 months have been good for the stock with over 175.00% gain in stock price, reaching a high of $0.0155 with a -$ market cap.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.



What has happened recently?

Oct. 29, 2021, Foothills Exploration, Inc. (OTC: FTXP), proclaimed that it had signed a letter of intent to acquire an oil and gas producer in the Illinois basin with producing leases.

Through its direct subsidiary, Anaconda Energy, LLC, the Company has signed an agreement with an unrelated party to acquire : (a) 100% of the membership interest and 100% of the outstanding shares of common and preferred stock of the operating companies for the oil and gas wells and leases and (b) 5% overriding royalty interest in certain leases and wells. The transaction comprises the acquisition of 20 oil wells and 4 Class II saltwater disposal injection wells.


Current production is approximately 25 barrels per day (BOPD). In the transaction, the key feature is that nine inactive wells can be brought back to production immediately for relatively little capital. Workovers are expected to begin in November, potentially increasing production by twofold.


Wind River Project Update

The geophysical program collected soil samples in October. These samples will be analyzed within two weeks. Wind River basin features over 12,000 feet of historically stacked pay zones spread over the following formations: Cody Shale, Frontier, Muddy, Dakota / Lakota, Phosphoria, Tensleep, and Madison. Frontier, Tensleep, and Madison formations will be the primary targets of our drilling program.


About the Company

Foothills Exploration, Inc. (FTXP) is a company specializing in the exploration and development of oil and gas. Through two core initiatives, the Company aims to build a balanced portfolio of assets. Through the first initiative, the Company aims to generate high-impact exploration projects.


Through its New Energy Ventures division, the company will invest in hydrogen and geothermal energy projects to contribute to a low carbon future by identifying areas where it can make a meaningful contribution to a realistic and balanced energy mix of the future. Those interested in additional information should visit the Company’s website at




The Chart for Block Inc. (SQ) Stock Is Flashing Mixed Signals

In the first quarter, large investment funds expanded their...

What to Expect When Snap Inc. (SNAP) Reports Quarterly Earnings?

Snapchat, a social media platform owned by Snap Inc....

Getting Sustainable Earnings? Movado Group Inc. (MOV)

Movado Group Inc. (NYSE: MOV), the owner of the...

Future Prospects Brighter For Red Cat Holdings Inc. (RCAT) Stock

The US Army has awarded Red Cat Holdings, Inc....



Don't miss

Healthy Upside Potential: Maxar Technologies Ltd. (MAXR)

In May 25 trading, shares of space business Maxar...

Atkore Inc. (ATKR) stock: Better Than You Think

Atkore Inc. (NYSE:ATKR), a manufacturer of infrastructure, electrical, and...

Provention Bio, Inc. (PRVB) Having a Robust Premarket After Abysmal Thursday

Provention Bio, Inc. (PRVB), a clinical stage biopharmaceutical company,...

Farmmi, Inc. (FAMI) Stock Soaring in Premarket, Here’s the Reason

Farmmi, Inc. (FAMI), a company that processes and sells...

Ulta Beauty Inc. (ULTA) last month performance of -6.16% certainly makes it a sizzling prospect

Ulta Beauty Inc. (NASDAQ: ULTA) open the trading on May 26, 2022, with great promise as it jumped 7.09% to $377.96. During the day,...

The key reasons why Alset EHome International Inc. (AEI) is -95.54% away from 52-week high?

Witnessing the stock’s movement on the chart, on May 26, 2022, Alset EHome International Inc. (NASDAQ: AEI) set off with pace as it heaved...

StoneCo Ltd. (STNE) latest performance of 2.97% is not what was on cards

StoneCo Ltd. (NASDAQ: STNE) established initial surge of 2.97% at $9.71, as the Stock market unbolted on May 26, 2022. During the day, the...


Please enter your comment!
Please enter your name here