Link to Freestone Resources (FSNR) Home web site and news:
First, let me start off by saying how grateful I am for the steadfast support of our shareholders while we have been working to fully develop our keystone product-Petrozene (http://www.petrozene.com). Our strong shareholder support has been crucial and invaluable during this period.
As Freestone has previously mentioned, we have been focusing our efforts on Petrozene and the vertical integration of its supply chain. This includes raising the capital to purchase the equipment used to make Petrozene so we can maintain control of its supply and cut costs. Simultaneously we are developing a team of distributors throughout the United States in order to effectively market and sell the product to companies that can benefit from its unique properties.
We want to make sure that the vertical integration of Petrozene and the development of this business within Freestone is done with extreme thoroughness to ensure its success. In order to do this it has taken some time to conduct the proper due diligence, develop a detailed business plan that can be properly executed, and find the right capital partners that share our vision.
We are in the final stretch of completing our goals so that we can begin construction of the equipment. Freestone will issue press releases as we reach various milestones relating to the growth and development of this segment of the Company. The Freestone Team is working to make sure that all aspects relating the operations and production of Petrozene run seamlessly from day one; that includes everything from obtaining the necessary permits to the execution of certain contracts for the chemical and the byproducts that we will produce.
I again want to thank our shareholders for their patience and support during this period. I’m excited about this opportunity and what it will mean for Freestone’s future.
Clayton Carter, President and CEO
Link To Freestone Resource's 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