Foothills Exploration, Inc · OTC:FTXP
Foothills Exploration — Investor Presentation (April 2017)
22 slides from Foothills Exploration's investor presentation, Apr 7, 2017
Slide 1: A Rapidly Growing E&P
A Rapidly Growing E&P March 2017 OTCQB: FTXP
Slide 2: Disclaimer
Disclaimer FOOTHILLS ‘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, INCLUDING, BUT NO
Slide 3: Corporate Snapshot
Corporate Snapshot FOOTHILLS Foothills Exploration, Inc. (OTCQB: FTXP) is a growth stage oil and gas company with focus and expertise in acquisition and development of on and offshore oil and gas properties. © Currently acquiring and developing undervalued & underdeveloped oil and gas assets at attr
Slide 4: Commodity Price Creates Opportunity
Commodity Price Creates Opportunity FOOTHILLS © The oil price collapse between 2014 and 2016 created generational oil asset buying opportunities. © Over! and undercapitalized ies are divesting * Facing borrowing base redeterminations with expiring hedges and reduced cash flows * Forced sale of non-c
Slide 5: Exodus to the Shales
Exodus to the Shales FOOTHILLS hi Our opportunity is in the country’s conventional formations, as the industry migrates to the “hot” shale plays.
Slide 6: Rigs Don’t Lie - Our Opportunity
Rigs Don’t Lie —- Our Opportunity FOOTHILLS WTI at $100/ barrel - WTI down to $40-50 / barrel National rig count in Permian vs. Conventional Formation / Basins Permian Green River San Juan California 60 28 450 -33% 30 » 10 60 Nw % 8 Ne 400 20 40 5 10 8 1 20 6 * = ° — ° — 200 rou 2017 zou 2017 rou 20
Slide 7: Regional Focus and Expertise
Regional Focus and Expertise © Well defined geographic focus — Rockies and Gulf Coast © Strong management and technical team with a proven track record and deep operational knowledge of the area © Applying new technology to define and optimize untapped potential Rocky Mountains © Uinta Basin - Utah
Slide 8: Technical & Economic Drivers
Technical & Economic Drivers FOOTHILLS Foothill’s Objective is to substantially expand oil and gas reserves through these core principles: © Technically savvy management team * Employ the expertise and technology Have engineering-driven project orientation © Returns (ROI and IRR) * Follow stringent
Slide 9: Acquisition Model
Acquisition Model FOOTHILLS + Rockies * Gulf Coast + Expertise & Operating History in Focus Regions “Build strong cash flows... Geographical Focus Our Key Metrics + $10-$13 Finding Costs + Profitable Producing Assets at $30, + Long Life Reserve Assets * De-risked Upside, Focus on PUDs ..high return
Slide 10: Asset Overview
Asset Overview
Slide 11: Uinta Basin
Uinta Basin e eo eS e Acquisition of Tiger Energy Partners International (TEPI) and Tiger Energy Operating (TEO) provide entry point and strong growth platform for growth in the Uinta Basin (i.e. distressed asset). Multi-stacked resource plays exist with numerous low-cost rework/development opportun
Slide 12: Uinta Basin
Uinta Basin © TEPI/TEO provide access to up to approximately 15,000 acres in the Uinta Basin with proven and probable reserves and existing infrastructure in place. L.wasaren) sacar © Altamont — Bluebell Fields * To the north are areas of new development interest © Duck Creek Area * Recent reworks h
Slide 13: Exploration Projects
Exploration Projects
Slide 14: Greater Green River / Big Horn Basins
FOOTHILLS Greater Green River / Big Horn Basins 5 § 14
Slide 15: Ironwood (Rockies)
Ironwood (Rockies) FOOTHILLS © In 4** Quarter 2016, Foothills entered into a farm-out agreement with Koch Exploration Company for the Ironwood and Paw Paw Prospects located in the Big Horn Basin of Wyoming © Ironwood and Paw Paw Prospects cover ~10,583 acres, adding to the Company’s existing develop
Slide 16: Paw Paw (Rockies)
Paw Paw (Rockies) FOOTHILLS Paw Paw Prospect o e e e e Paw Paw prospect covers 4,467 acres and is a direct analog to the highly productive Enigma Field (EUR 3.788 MMBO, Tensleep Formation) located only two miles away Tensleep Formation has a history of prolific production and there are two nearby an
Slide 17: Ladysmith Anticline (Rockies)
Ladysmith Anticline (Rockies) FOOTHILLS o eS eo eS eo Se Foothills owns a 75% working interest in the Ladysmith Anticline prospect that is located in Fremont County, WY Total position is 3,068 acres and lies between the Great Divide/Greater Green River Basin and the Wind River Basin Primary target z
Slide 18: Springs Prospect (Rockies)
Springs Prospect (Rockies) © Area covering 38,000 contiguous acres — multiple objective oil resource play in the greater Green River Basin, Wyoming. © Unconventional target is a Niobrara and Mowry fractured shale resource play. Numerous oil and gas shows in the Niobrara and Mowry shales surround the
Slide 19: Building Shareholder Value
Building Shareholder Value FOOTHILLS ) Formation of new Exploration Division; Appoints Ritchie Lanclos as Executive VP of Exploration and Eleazar Ovalle as EVP of Geology & Geophysical - Aug 18, 2016 2) Formal launch of Exploration Division - Oct 5, 2016 3) Farm out agreement with Koch Exploration C
Slide 20: Management Team
Management Team FOOTHILLS B.P. Allaire, mea Christopher Jarvis, ma, cra, cmt Eleazar Ovalle CEO, Director EVP Finance, Director EVP Geological & Geophysical ‘Seasoned business operator with over 24+ years experience in numerous disciplines across various industries, with last 7 years in oil & gas in
Slide 21: Management Team
Management Team FOOTHILLS Ritchie Lanclos Kevin Sylla Alex Hemb EVP Exploration FPI CEO & Director Director, Petroleum Engineer + 25+ years experience in reservoir * 10 years of oil & gas industry management, project economic modeling, proved reserves experience with extensive knowledge in business
Slide 22: Acquisition + Development » Production Growth
ACQUISITION + DEVELOPMENT » PRODUCTION GROWTH AN FOOTHILLS —— EXPLORATION, INC. — Company Contact Investor Relations Contact BP. Allaire 633 17th Street Derek Gradwell CEO, Director Suite 1700-A MZ North America (310) 806-1370 Denver, CO 80202 (512) 270-6990 bpallaire@foothillspetro.com (7200 449-74
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