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Tuesday, February 20, 2018

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.


"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



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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.




Friday, February 16, 2018

#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.


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




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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.


Wednesday, February 7, 2018

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).



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.



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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