FOOTHILLS EXPLORATION INC PROVIDES ANNUAL REVIEW OF ITS FINANCIAL PERFORMANCE AND FIRST QUARTER UPDATE

LOS ANGELES, April 05, 2023 (GLOBE NEWSWIRE) — Foothills Exploration, Inc. (OTC: FTXP), including its direct and indirect subsidiaries, (“Foothills,” or the “Company”), an oil and gas exploration company focused on delivering the energy needs of today and tomorrow announced today an annual review of its financial performance for the year ending December 31, 2022. The Company settled and extinguished a considerable amount of its variable-rate and fixed-rate convertible debt during the year ending December 31, 2022, reducing the total by over 90%. Subsequently, in January 2023, the Company also signed a 12-month standstill and lock up agreement with its…