Link to Freestone Resources (FSNR) Home web site and news:
DALLAS, TX–Freestone Resources, Inc. (OTCQB: FSNR) would like to issue an update to its shareholders as the company culminates its 2013 fiscal year end.
First and foremost, the company is pleased to announce that its joint venture, Aqueous Services, LLC is fully operational, and has begun to sell fresh water at its Eagle Ford load out facility. Located in South Texas, the Eagle Ford Shale has become one of the largest single economic development areas in the history of the State of Texas, and ranks as the largest oil and gas development in the world based on capital investment. The indications are that the Eagle Ford will be developed for decades to come, and Freestone intends to play a significant role in providing and meeting the vast demands for water and other oil and gas services in the region.
Several million gallons of water per well are required for drilling in the Eagle Ford. The Aqueous’ facility is equipped to handle the demand of the drilling community in the region with state-of-the art technology, and is capable of providing water to dozens of water trucks per day.
The Freestone management requests that any shareholder inquiries about the Aqueous’ facility be directed to the Freestone Resources’ office so that the Aqueous management and staff can focus on working with its customers and clients. Further facility updates will be posted directly to the Aqueous’ website as the company continues to grow and sign up new clients.
After several years of researching suppliers, Freestone is pleased to announce that it has now found a new manufacturer for its revolutionary solvent, Petrozene. When Freestone first began marketing and selling Petrozene it was very well received by the oil and gas industry. It has been shown to positively affect many aspects of the oil and gas industry; from production and storage to end cycle refinement.
Predominantly used for paraffin buildup Petrozene can be used for pipelines, oil storage tanks, oil sludge build up, de-emulsifier, well treatment, as a corrosion inhibitor and as a catalyst in opening up formations thereby aiding in oil production. The buildup of paraffin causes many problems in the oil and gas industry such as clogging up lines, pump failures, pressure bursts, and seal failures. These can be dramatically reduced with the proper application of Petrozene. Freestone has already begun selling Petrozene to customers, and anticipates exponential growth of sales into the 2014 fiscal year.
Link To Freestone Resource's CEO bloghttp://freestoneresourcesinc.com/blog/ceo-blog/
Link to Petrozene web site (Petrozene is wholly owned by FSNR and no JVs).
PETROZENE is a solvent that breaks down paraffin, disperses oil tank sludge, and has other unique industrial-use qualities. PETROZENE is made from a byproduct of recycled petroleum-based products, so it will not contaminate the oil reserve to which it is being applied. Furthermore, the process that creates PETROZENE helps reduce the worldwide problem that petroleum waste products pose to our environment every year.
The discovery of PETROZENE began with a desire to solve the environmental hazards that various petroleum waste products pose to the environment. Freestone Resources, Inc. has worked with numerous industry partners to recycle these post-consumer materials, and utilize their byproducts in a proprietary way for the oil and gas industry.
PETROZENE has many uses within the oil industry. Below are the applications that are currently available:
Oil Tanker & Oil Tank Solutions:
PETROZENE has been shown to be an effective dispersant of oil sludge buildup. The research efforts of Freestone Resources, Inc. and industry partners have shown it to be especially effective in large, long range oil tankers. With the proper amount of PETROZENE applied to each shipment of oil, they have produced results that show a dramatic reduction in oil sludge buildup on the bottom of the tanks. These same results have been shown in oil storage tanks as well. With the proper application of PETROZENE, costs and operational downtime due to cleaning can be cut dramatically for each.
Oil Well Enhancement:
Freestone Resources, Inc. has also done thorough research concerning oil well enhancement with the application of PETROZENE. Freestone has discovered that a minimal amount of PETROZENE utilized down the wellbore will dissolve and further inhibit Paraffin and asphaltene buildup in the well casing. This buildup of paraffin causes other problems such as clogging up lines, pump failures, pressure bursts, and seal failures which can all be dramatically reduced with the proper application of PETROZENE.
Numerous independent studies have shown that a minimal amount of PETROZENE decreases the viscosity of heavy oil. These tests indicate that PETROZENE can be utilized in pipelines that transport heavy oil in order to increases their efficiency and flow rate.
We are currently researching many other uses and applications. If you or your company feel there may be a unique application within your business or would like to work with us to create a specific solution, feel free to contact us