The Vicenus 1-3 well is expected to be placed on production within the next two weeks following installation of production equipment that has been ordered. This well was drilled to a total depth of 5,747 feet and has encountered natural gas in multiple zones between 4,300 and 5,700 feet.
Foothills Resources President, John Moran, stated, "The Company has drilled wells and started producing in California in less than six months from the time it commenced its present business activities in April 2006, which is a major accomplishment. When coupled with the acquisition of the Texas Gulf Coast properties earlier this month, Foothills has established a strong and diversified base of operations that will provide multiple opportunities for future growth."
Foothills Resources, Inc. is a growth oriented independent energy company engaged in the acquisition, exploration, exploitation and development of oil and natural gas opportunities. Its present business activities commenced in April 2006, following the concurrent completion of a merger transaction and a private placement financing.
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