Business
GEOCHEMICAL SURVEY SHOWS POSITIVE RESULTS AT FOOTHILLS EXPLORATION INC.’S BEAVER CREEK EAST PROJECT IN THE WIND RIVER BASIN, WYOMING
GEOCHEMICAL SURVEY SHOWS POSITIVE RESULTS AT FOOTHILLS EXPLORATION INC.’S BEAVER CREEK EAST PROJECT IN THE WIND RIVER BASIN, WYOMING.
About this update from Foothills Exploration, Inc
[{"type":"text","content":"\n LOS ANGELES, CA, Nov. 10, 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 that it has received encouraging results for Phase 1 of its previously announced soil geochemical survey on a portion of the Company’s acreage in the Beaver Creek East (“BCE”) project in Fremont County, Wyoming. The BCE soil hydrocarbon geochemical survey carried out over approximately 20 square miles of the Company Exploration Development Area (“EDA”) in Fremont County, Wyoming has successfully documented oil and gas microseeps that will help focus the Company’s Master Drilling Plan Development. “The initial results of our geochemical program at Beaver Creek East are quite promising and support our geological and technical analysis,” said Kevin J. Sylla, the Company’s Executive Chairman. “We look forward to the next phase of the geochemical program coupled with our 2-D seismic interpretation currently underway as we further evaluate the best locations for our drilling program,” continued Sylla. Geochemical Survey Phase 1 of the geochemical survey conducted over the Company’s project area has shown encouraging results with oil and condensate sourced anomalous propane concentrations in soils. Exciting is the thermogenic hydrocarbon anomaly clusters are spatially associated with known faults, structural features, features identified in seismic, drilling and associated area oil fields. High propane/propylene ratio anomalies are indicative of fast-streaming of propane along faults to surface. Since oil and condensate sourced gas microseeps are clearly evident, Phase 2 of the Company’s geochemical program will further analyze 95 of the 194 soil samples collected using the Synchronous Scanned Fluorescence (“SSF”) method to reveal crude oil concentrations down to one part per million and the composition of leaking hydrocarbon source (i.e., condensate vs. high gravity vs. low gravity oil). The SSF analysis will also determine the API gravity of the leaking oil source from traces of the heavier C6-C22. Project Area These promising surface results confirm potential sources outlined in U.S. ...