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Foothills Exploration, Inc. Announces Formation of New Exploration Division; Appoints Ritchie Lanclos as Executive Vice President of Exploration and Eleazar Ovalle as Executive Vice President of Geology & Geophysical
Foothills Exploration, Inc. Announces Formation of New Exploration Division; Appoints Ritchie Lanclos as Executive Vice President of Exploration and Eleazar Ovalle as Executive Vice President of Geology & Geophysical.
About this update from Foothills Exploration, Inc
[{"type":"text","content":"\nFoothills Exploration, Inc. Announces Formation of New Exploration Division; Appoints Ritchie Lanclos as Executive Vice President of Exploration and Eleazar Ovalle as Executive Vice President of Geology & Geophysical\n\nFoothills Exploration, Inc. Announces Formation of New Exploration Division; Appoints Ritchie Lanclos as Executive Vice President of Exploration and Eleazar Ovalle as Executive Vice President of Geology & Geophysical\n\n DENVER, CO--(Marketwired - August 18, 2016) - Foothills Exploration, Inc. (OTCQB: FTXP) (the \"Company\" or \"FTXP\"), an independent oil and gas exploration company engaged in the acquisition and development of oil and natural gas properties in the Rockies and Mid-Continent, announced today the formation of its new Exploration Division with the appointments of Ritchie Lanclos as Vice President of Exploration and Eleazar Ovalle as Vice President of Geology & Geophysical at its wholly owned subsidiary, Foothills Petroleum, Inc. (\"FPI\"). As part of their management responsibilities Messrs Lanclos and Ovalle will also serve as Executive Vice Presidents of FTXP.\"The Company is committed to building a leading exploration group to identify and develop substantial oil and gas resources in the Americas both onshore and offshore and the appointment of Ritchie and Eleazar to lead this effort is a significant first step towards achieving this strategic objective. Utilizing a technology led proprietary exploration methodology developed by Eleazar and Ritchie, we anticipate generating high grade prospects for drilling and development,\" said B.P. Allaire, Chief Executive Officer of the Company and FPI. \"Ritchie brings extensive subsurface exploration and development analysis that have resulted in optimal implementation of commercial discoveries and is widely respected for his proven leadership skills,\" said Mr. Allaire. \"Ritchie's track record in locating and acquiring properties and proving up production and reserves in early stages of development will be invaluable in achieving our organizational goals,\" added Allaire. \"Whereas Eleazar, a professional geoscientist with deep experience in seismic interpretation, prospect generation, basin analysis and reservoir evaluation, is a talented finder of hydrocarbons. Eleazar has a proven history of making several large discoveries, having part...