Freestone Resources Inc. (fka FSNR)

[RedShoulder]

From 1991 to August 2002, Mr. McGhan was a co-founder, President and Chief Executive Officer of Hanover Compressor Co. (now Exterran Holdings, Inc.). Hanover became the largest natural gas compression company in the world with approximately 7,000 compression rental units in the field, and annual revenues over $1.1 billion. In August 2004, Mr. McGhan along with his partners co-founded Valerus Compression Services LLP. Mr. McGhan served as co-CEO and ultimately Vice-Chairman of the company until December 2009. Mr. McGhan and his partners built Valerus into one of the world's leading providers of natural gas treatment and compression equipment and services to the global oil and gas industry.

Mr. McGhan along with his partners co-founded Valerus Compression Services LLP. Mr. McGhan served as co-CEO and ultimately Vice-Chairman of the company until December 2009. Mr. McGhan and his partners built Valerus into one of the world's leading providers of natural gas treatment and compression equipment and services to the global oil and gas industry.

I think most people would say that Mike McGhan was very successful by building relatively small Hanover Compressor as he took the CEO's position and forming "largest natural gas compression company in the world, with annual revenues of $1.1 Billion" under his CEO leadership; followed by building Vallerus as the CEO.

I have full confidence that Mike McGhan/CEO and Gerald Johnston/Board Advisor and FSNR's largest shareholder are in developing the business plan for success; but it appears they will not PR until the milestones are already met and are completed by fact. But I do agree with everyone that an update is overdue.

http://www.marketwired.com/press-release/michael-mcghan-appointed-as-chief-executive-officer-freestone-resources-gerald-m-johnston-otcqb-fsnr-2086569.htm