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FTXP Shariah Compliance
Screening Methodology: AAOIFI
NOT HALAL
Last Updated: December 29, 2023
Report Source: 2023 2nd Quarter Report
Foothills Exploration Inc. Stock Analysis FTXP
United States N/A Nano Cap Report: Foothills Exploration, Inc. is a development stage company. The company is headquartered in Westlake Village, California. The company went IPO on 2014-10-30. The firm is engaged in the acquisition and development of oil and natural gas properties. The company holds over 18,500 acres in the Wind River Basin of Wyoming and over 5,700 acres in the Uinta Basin of Utah. The Wind River Basin is located in central Wyoming. The basin contains approximately 60 oil and gas fields produced from over 17 different formations. The firm also owns 21% non-operated working interest in two (2) Uinta Basin horizontal gas wells: Stagecoach 111-20H and Stagecoach 117-20H. Both produces natural gas in commercial quantities, which are operated by EOG Resources, Inc. Its Altamont-Bluebell Project consists of over 5,700 acres with undeveloped reserves and provides the Company a range of infield drilling locations.
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Financial Metrics & Statements of Foothills Exploration Inc (FTXP)
FAQ's for Foothills Exploration Inc (FTXP)
- According to Musaffa’s Shariah screening methodology, Foothills Exploration Inc (FTXP) is currently classified as NOT HALAL as of December 2023. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Foothills Exploration Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Foothills Exploration Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Foothills Exploration Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Foothills Exploration Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Foothills Exploration Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.