Investors who are looking into some of the major gainers this week could consider having a look at the Foothills Exploration Inc (OTCMKTS:FTXP) stock, which has managed to clock gains of 25% so far. Foothills Exploration is an oil and gas exploration company that is focussed on providing the energy solutions for the future.
Yesterday, the company was in the news after it announced that it had engaged the services of the company Geochemical Insight for the purpose of a geochemical survey to be conducted on a part of Foothills Exploration’s acreage in the Beaver Creek Project.
It should be noted that the project in question is located in Wyoming’s Fremont County. At this point in time, Foothills Exploration is working on geophysical and geological delineation on an active footing for its first drilling target at the above mentioned project. It has also been suggested that the Beaver Creek Project could potentially have more than one formation.
As a matter of fact, Foothills Exploration has been successful in identifying as many as 9 formations and it is going to be interesting to observe how the company progresses with this initiative. At this point, investors could add the stock to their watch lists.