FOOTHILLS EXPLORATION INC. PROVIDES ANNUAL REVIEW OF ITS FINANCIAL PERFORMANCE AND FIRST QUARTER UPDATE
Subsequently, in January 2023, the Company also signed a 12-month standstill and lock up agreement with its remaining fixed-rate convertible noteholder.
- Subsequently, in January 2023, the Company also signed a 12-month standstill and lock up agreement with its remaining fixed-rate convertible noteholder.
- These critical agreements reached with the Company’s institutional lenders will prevent billions of shares of potential dilution.
- For more information, please refer to the Company’s 2022 Annual Report filed with OTC Markets on April 4, 2023.
- The assets provide the Company with a platform to deliver double-digit growth in production, reserves, and revenues in 2023 and 2024.