Press Releases

Press Releases

Foothills Exploration, Inc. Retains MZ Group as Its Investor Relations Advisor

DENVER, Jan. 26, 2017 (GLOBE NEWSWIRE) -- Foothills Exploration, Inc. (OTC.QB:FTXP) (the “Company” or “FTXP”), an independent oil and gas exploration company engaged in the acquisition and development of oil and gas properties in the Rockies and Gulf Coast, today announced that it has retained MZ Group as its investor relations advisor.

Derek Gradwell, SVP of Natural Resources for MZ North America, will be the Company's primary investor relations contact going forward.  MZ Group will assist management to develop a comprehensive capital markets strategy.

"MZ Group will support us in developing a robust investor relations platform to enhance shareholder value by delivering our message to their established high-quality, long-term relationships with investors, analysts and other members of the financial community," said B.P. Allaire, Chief Executive Officer and Director of Foothills Exploration, Inc. "With our existing acreage position in the Rockies and Gulf Coast regions and recently acquired Uinta Basin assets, we believe that Foothills Exploration is poised to execute on its business plan and deliver long-term shareholder value."

"Foothills Exploration has organized a team with the expertise to strategically acquire and develop undervalued oil and natural gas assets where they have regional expertise, said Ted Haberfield, President of MZ Group North America. "We look forward to communicating the Company’s story to the investment community and assisting management with all investor relations initiatives."

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 focus and expertise in acquisition and development of onshore and offshore properties.  The Company’s assets are located across well-established plays in the Rocky Mountain and Gulf Coast regions.  For additional information please visit the Foothills website at http://ir.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 abilities to raise adequate additional capital 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 are currently a pre-revenue company 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

MZ Group
Derek Gradwell
SVP, Natural Resources
Email: dgradwell@mzgroup.us
Tel: 512-270-6990
Web: www.mzgroup.com

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Source: Foothills Petroleum, Inc.