Foothills Exploration, Inc · OTC:FTXP
Foothills Exploration — Investor Presentation (August 2018)
17 slides from Foothills Exploration's investor presentation, Aug 28, 2018
Slide 1: A Rapidly Growing E&P Company
A Rapidly Growing E&P Company August 2018 LN FOOTHILLS OTCQB: FTXP —— EXPLORATION, INC. ——
Slide 2: Forward Looking Information
© FOOTHILLS Forward Looking Information THIS COMMUNICATION IS FOR YOUR GENERAL INFORMATION ONLY AND IS NOT AN OFFER OR SOLICITATION TO BUY OR SELL ANY SECURITY. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT ARE “FORWARD-LOOKING STATEMENTS” FOR PURPOSES OF FEDERAL AND STATE SECURITIES LAWS,
Slide 3: Corporate Snapshot
Corporate Snapshot Foothills Exploration, Inc. (OTCQB: FTXP), is a growth stage oil and gas exploration and production (E&P) company with a focus and expertise in the acquisition and development of oil and gas properties. © Currently acquiring and developing undervalued & underdeveloped oil and gas
Slide 4: Regional Focus and Expertise
© ee Regional Focus and Expertise © Well defined geographic focus — Rockies © Strong management and technical team with a proven track record and deep operational knowledge of the area © Applying new drilling and completion technologies to define and optimize untapped potential Rocky Mountains © Uin
Slide 5: Uinta Basin Overview
Uinta Basin Overview © Multi-stacked resource play with 30 billion barrels of OOIP from multiple formations ® Uinta Basin has more OOIP than the Eagle Ford, Niobrara and Bakken shale plays ® Strong industry results being generated in Castle Peak, Uteland Butte and Wasatch zones with 1-mile and 2-mil
Slide 6: Large Operators in the Uinta Basin
Large Operators in the Uinta Basin Ls Foothills is surrounded by world-class operators in the area NYSE: NFX Mkt Cap: $3.64B BRVOM viccs ssc Crescent Point Seos resources © NYSE: APC NYSE: EOG Mkt Cap: $33.054B Mkt Cap: $118.6B Berry Petroleum Anadarig!| Corporation Petroleum Corporation NASDAQ: BRY
Slide 7: Opportunity
© ees Opportunity ® High Risk / High Reward development stage oil and gas company with properties that have significant exploration and development opportunities ® Existing Wellbores for potential immediate cash generation ® Projects with Significant Proved Oil and Natural Gas Reserves ® Oil prices
Slide 8: Current Initiatives
vasa: gH Current Initiatives i ® FTXP is currently focused on funding and developing two in-house projects to create shareholder value through a balanced mix of oil and natural gas production from its current assets in the Rockies. ® FTXP’s rework program will return the Company’s six Duck Creek are
Slide 9: FTXP Asset Overview
© FOOTHILLS FTXP Asset Overview Uinta / Ouray Duck Creek EOG Wells Assets ¢ S1MM CapEx ¢ $3.4MM! CapEx for 2 e 5,700 proved * 3-6 well bypassed Hz wells producing undeveloped acres? zone rework program since Dec ’17 ¢ 7+ MMBO PUD © $2.1MM est. annual e S1.0MM est. annual reserves and 6+ feidlevcineu
Slide 10: Unlocking Shareholder Value
Unlocking Shareholder Value © ® S$1.0MM Capex invested into our Duck Creek rework program is expected to deliver ~S2.9MM in gross annual revenues @S60 oil. Internal Company cash flows will be reinvested into reworking 3 additional Duck Creek wells to generate 50 -200 BOPD additional barrels of oil p
Slide 11: Duck Creek Rework Program
© ees Duck Creek Rework Program ® TOTAL CAPEX = $ 1.0 MM ® Rework 3 of 6 Duck Creek wells back to production ® Potential 210 BOPD (post rework) 6 Rework program will target bypassed pay zones in Castle Peak, B-Limestone, Black Shale and Douglas Creek formations ® Swab, perforate and frac rework oper
Slide 12: Additional Development Opportunities
Additional Development Opportunities LLS © Uinta/Ouray assets* consist of 5,700 acres with proved undeveloped reserves providing the Company with numerous infield drilling locations and considerable upside potential in the near term: » 7+ MMBO PUD reserves » 6+ MMBO Probable reserves » Existing infr
Slide 13: Public Company Comps
Public Company Comps ba) FOOTHILLS Ticker TTM Total Total Debt MarketCap Share Company Symbol Revenue ($ MM) ($ MM) Price EOS Petro, Inc. EOPT $41.24K $10.68 $128.20 $2.34 Petroteq Energy, Inc. PQE so $4.00 $117.22 $1.54 Perisson Petroleum Corp. POG $2.32MM $6.98 $110.99 $0.13 Zion Oil & Gas, Inc. Z
Slide 14: Summary
6 Summary a & Duck Creek rework program expected to generate ~210 barrels/day (aggregate) from 3 wells and S1MM total Capex: Management plans to fund the rework of 3 additional Duck Creek area wells from internal cash flows to generate an additional 50 - 200 barrels of oil per day. & EOG-operated we
Slide 15: Management Team
Management Team Kevin J. Sylla Executive Chairman B.P. Allaire, MBA CEO, Director © FOOTHILLS Christopher Jarvis, mea, cra, cmt EVP Finance, Director Also serves as CEO of Foothills Petroleum, Inc., FTXP’s main operating subsidiary. 10 years of oil & gas industry experience with extensive knowledge
Slide 16: Management Team (con't)
Management Team (con’t) Alex Hemb Director, Petroleum Engineer «25+ years’ experience as Petroleum Engineer, both onshore and offshore with broad domestic and international work experience. * Engineered & developed technology for separating oil and water and commercialized this into a successful com
Slide 17: Acquisition, Development, Production Growth
ACQUISITION » DEVELOPMENT - PRODUCTION GROWTH —— EXPLORATION, INC. —— WP FOOTHILLS Company Contact 633 17th Street, Suite 1700 Investor Relations Contact Kevin J. Sylla Denver, CO 80202 Christopher Jarvis Executive Chairman (720) 449-7478 EVP Finance ee www. foothillspetro.com (720) Aas 7428 ksylla@
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