FOOTHILLS EXPLORATION, INC. ANNOUNCES CORPORATE UPDATE
LOS ANGELES, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Foothills Exploration, Inc. (OTC: FTXP), including its direct and indirect subsidiaries, (“Foothills,” or the “Company”), an oil and gas exploration company focused on delivering the energy needs of today and tomorrow, is pleased to announce a corporate update.
- LOS ANGELES, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Foothills Exploration, Inc. (OTC: FTXP), including its direct and indirect subsidiaries, (“Foothills,” or the “Company”), an oil and gas exploration company focused on delivering the energy needs of today and tomorrow, is pleased to announce a corporate update.
- The settlement agreement also cancelled 3,9 billion associated warrants and the corresponding irrevocable share reservation held by the Company’s stock transfer agent.
- The Company has entered two or more agreements to acquire wells and leases in the U.S. mid-continent to increase its reserve profile and well inventory.
- The Company will look to close on these acquisitions and provide further details in the upcoming weeks.