About Fox Petroleum
Fox Petroleum's, Renfro Energy, LLC's ("RE") goal is to be the industry leader in finding and replacement cost for oil and gas reserves while providing a safe work environment, maintaining its social conscience to the community and adhering to state and federal regulations.
We have always believed that in order to succeed and provide abnormal returns to our investors, we must differentiate ourselves from our competition. Characteristics that distinguish us include:
Company resources and capital focused primarily in Cameron Parish, Louisiana. An area where we have the experienced staff and infrastructure superior to our competitors. Size and scope of the projects are significant so there should be opportunities for many years to come.
- We take a long term view towards maximizing oil and gas reserves while optimizing the efficient use of capital without regard to its effects on short term stock valuations.
- Operate under a very streamlined management structure which provides the ability to make decisions very quickly.
- Maintain a low overhead in order to weather the down cycles that inevitably occurs in the oil and gas industry over time.
Renfro Energy is a Dallas, Texas based limited liability company formed in March, 2002 as an asset holding company to house existing oil and gas assets located in Texas and Oklahoma and for acquisitions identified in Louisiana. Since 1995, Renfro Energy and its predecessor company have bought and sold over $6 million of oil and gas properties through approximately fifteen acquisitions.
Renfro Energy recently sold one of its two major assets located in Cameron Parish, Louisiana, the Cameron Meadows Land Company Lease. This property was purchased in May, 2002 and sold in March, 2010 for over 10 times its acquisition price. It was comprised of 640 acres with 15 producing and shut-in wells and one salt water disposal well.
When sold, it was producing 60 bopd from eight producing wells. Renfro Energy's current asset is the Cameron Parish School Board Lease.This property is comprised of 880 acres, has two oil wells, one shut-in gas well, and one salt ater disposal well. The property is capable of producing 15-20 bopd.
This property has significant oil and gas reserves remaining for development and exploration. These reserves include: 1) one well with significant oil reserves behind pipe; 2) two proved undeveloped locations; and 3) two exploration prospects. The success of the exploration program could enable the drilling of an additional 10-30 wells.
Chief Executive Officer
Mr. James R. Renfro, 51, owner and managing member of Renfro Energy, has been in the oil business for nearly thirty years. His oil and gas background includes six years with Exxon Company, USA as a petroleum engineer, one year in the Strategic Planning group of Shell Oil, and two years as an energy investment banker with EnCap Investments. Jim served for two years as Chief Executive Officer of a small publicly traded company, Omni Oil and Gas, Inc., and has spent more than eighteen years as an owner and operator of independent oil and gas companies located throughout Texas and Louisiana.
Jim received his MBA in Finance from The University of Chicago and spent three years in New York City as an investment banker in the corporate finance department at Dean Witter Reynolds Inc./Morgan Stanley.
Neil C. Sutcliffe
Secretary and Treasurer
Mr. Neil C. Sutcliffe is a Petroleum geologist and geological consultant and for over 35 years and has worked as Senior Geologist for a variety of Oil and gas companies throughout his career. Since July of 2010 he has worked part time as a geological consultant to Netherland, Sewell & Associates Inc and has performed field studies for Infiniti Energy since 2009. Mr. Sutcliffe was the Senior Gulf Coast Geologist for Reef Explorations from 2005 until 2009, and held the same position with Magnum Hunter Resources ( Formerly Prize Energy Corporation) from 1999 until 2005.
Mr. Sutcliffe was previously also the Senior Exploration Geologist for CXY Energy (Formerly Moore McComack Energy) from 1980 until 1997. His biggest accomplishments include completing detailed field studies and subsurface mapping of the "MM Sand Unit, East Richie Field Acadia Parish, Louisiana, whereby his field study was able to show proved reserves of 12 MMBO; and in the Parc Perdue Field, Vemillion Parish Louisiana, where detailed subsurface mapping and integration of 3-D seismic identified significant attic gas reserves in the Sands. To date in excess of 6 BCFG has been produced from this project.
Mr. Sutcliffe has Bachelors of Science in Geology from the University of London, in England has attended a variety of industry schools over the years.
Washington, D.C. 20006
Eugene M Egeberg CPA
Empire Stock Transfer Inc.