Foothills Exploration, Inc. (OTCPK:FTXP) will look for acquisitions. Foothills is currently evaluating several potential acquisitions of producing oil and gas properties in the Mid-Continent and Rockies. Foothills is seeking assets with long lived reserves, low operating costs, and behind-pipe upside.

The Company has been engaged in ongoing discussions with several operators and owners of certain non-core operated interests looking to divest. The acquisition of one or more producing oil and natural gas properties to add to its portfolio is the Company's chief objective for the remainder of 2021. There can be no assurance that Foothills' efforts will result in a specific properties acquisition or any particular outcome or its timing.

Foothills does not intend to make any future announcements concerning this process or developments unless and until its board of directors has approved a specific properties acquisition or the Company has otherwise determined that further disclosure is appropriate or required by law.