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FOOTHILLS EXPLORATION INC. PROVIDES WIND RIVER BASIN PROJECT UPDATE
FOOTHILLS EXPLORATION INC. PROVIDES WIND RIVER BASIN PROJECT UPDATE.
About this update from Foothills Exploration, Inc
[{"type":"text","content":"\n LOS ANGELES, CA, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Foothills Exploration, Inc. (OTC: FTXP) (\"Foothills\" or the \"Company\"), an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow is pleased to announce an update on the Company’s Wind River Basin project. “Management and our technical team were pleased to see the results from our geochemical survey yield such positive results, said Kevin J. Sylla, the Company’s Executive Chairman. “This encourages and validates our position to continue our exploration program in the Wind River basin,” continued Sylla. “The next step of the process is to begin staking wells for the drilling program and complete our environmental survey,” ended Kevin Sylla. Denver based technical firm Geochemical Insight executed an extensive soil hydrocarbon geochemical survey over 18,000 acres in Fremont County, Wyoming, on the Foothills Wind River project. The two-part evaluation and analysis pinpointed six (6) areas of vital interest where micro seepages were evident and continuous for further geological delineation and exploration within the leasehold. Geochemical Survey Phase II Update: Final results received from Phase II of the Synchronous Scanned Fluorescence (SSF) geochemistry sample survey clearly indicate that micro seeps are coming from a subsurface source and are not the result of anthropogenic contamination. Highlighted below are the conclusions reached by Geochemical Insight on the Beaver Creek East (“BCE”) geochemistry survey: Oil and gas micro seepage identified at the west edge of the Alkali Butte field is also evident over the north plunging nose of an anticline, showing that hydrocarbons have been generated and migrated in the Beaver Creek East survey area and proving the existence of a petroleum system rather than anthropogenic contamination. Results warrant further exploration and substantially support Foothills Exploration the certainty to proceed with development. Seismic Update: The ExxonMobil 2D seismic licensed line has been initially interpreted by the Company’s geophysicist/geologist contractor and is under additional review by the its geologist/exploration team. The seismic data has revealed, identified and provided the subsurface correlation to the Wyoming Geolog...