BAKERSFIELD, Calif., Oct. 28 /PRNewswire-FirstCall/ -- Foothills Resources, Inc. (OTC:FTRS) (BULLETIN BOARD: FTRS) (the "Company") today provided an update on activities in its primary operating areas in the Texas Gulf Coast and the Eel River Basin in Humboldt County, California. Texas Production from the Goose Creek, Cleveland and Saratoga oil fields is currently averaging about 560 barrels of oil and oil-equivalent natural gas per day ("boepd") net to the Company (750 boepd gross), which is above pre-Hurricane Ike levels. Although the eye of Hurricane Ike passed directly over the Goose Creek Field, the Company's facilities suffered relatively minor damage. That damage has been repaired although the Company's production from its Texas fields was completely shut down for about two weeks due to the extensive power outage in the region. Following the hurricane, Foothills' efforts were focused towards servicing wells and restoring production. The Company is now recommencing the ongoing program of recompletions and major workovers in existing wells, which will carry on through the remainder of 2008. With regard to the current downturn in the price of crude oil, approximately 70% of the Company's current oil production is hedged at an average price of about $71 per barrel, which will help augment the Company's near term cash flows in this lower crude price environment. California In the Grizzly Bluff Field, the Company is currently in the process of hooking up the GB 4 well to allow further testing of the Lower Rio Dell horizons into the gas sales pipeline. It is anticipated that this well, which was drilled earlier in 2008, will be produced intermittently as conditions warrant while the Company attempts to remediate suspected formation damage. Foothills is also producing the Vicenus 1-3 well, completed in June 2008, on an intermittent basis. Production from the Christiansen 3-15 well completed in September 2006 is stable at a rate of approximately 170 thousand cubic feet of gas per day ("mcfpd") net to the Company (300 mcfpd gross). About Foothills Resources, Inc. Foothills Resources, Inc. is a growth-oriented independent energy company engaged in the acquisition, exploration, exploitation and production of oil and natural gas opportunities in California, Texas and Oklahoma. Additional information on Foothills Resources is available at http://www.foothills-resources.com/. SEC Filings and Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future are forward-looking statements. The words "will," "should," "believe," "intend," "expect," "anticipate," "project," "estimate," "predict," "plan" and similar expressions are also intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding business strategy and expansion and growth of our business and operations. Such forward-looking statements involve assumptions and are subject to known and unknown risks and uncertainties that could cause actual results or performance to differ materially from those expressed or implied by such forward-looking statements. Although we believe that the assumptions reflected in such forward-looking statements are reasonable, we can give no assurance that such assumptions will prove to have been correct. You should also know that such statements are not guaranties of future performance and are subject to risks, uncertainties and assumptions, including, but not limited to, our ability to negotiate additional forbearances related to any defaults under our credit facility, our ability to maintain compliance with the terms and covenants of our credit facility, our ability to consummate any strategic transactions, our ability to discover reserves that may be extracted on a commercially viable basis, our ability to accurately estimate oil and gas reserves, intense competition, environmental risks and general economic conditions including the price of oil and gas and the global credit crisis. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Should any of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may differ materially from those included within these forward-looking statements. We undertake no obligation to publicly release the result of any revision to these forward-looking statements to reflect events or circumstances occurring after the date of this release or to reflect the occurrence of unanticipated events. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission, including the Company's Report on Form 10-Q for the quarter ended June 30, 2008, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operations and cash flows. http://www.foothills-resources.com/ DATASOURCE: Foothills Resources, Inc. CONTACT: Dennis B. Tower, Chief Executive Officer, or John L. Moran, President, or W. Kirk Bosche, Chief Financial Officer, 1-888-662-3877, all of Foothills Resources, Inc. Web Site: http://www.foothills-resources.com/

Copyright