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You're DD will lead to JR's next move. Then you can start up all over again and try to keep as many from making money. Problem is, we're usually successful and these moves despite your efforts.
Because JR brought all the value from the other stock to FXPT ?
Will FXPT ever get off the ground ?
I believe I asked you first. What is the ticker symbol we should front load on?
Where would he be dumping his wells?
since you have a direct line to JR, is he dumping his "assets" on fxpt, or is he going to try again somewhere else?
I hear ya', that's what I was trying to do at Sam's place, but when people have nothing be $$ in their eyes, they don't want to hear it.
my thing is to inform people that this is a pump and dump. After that if people are willing to gamble I really don't care. I won't come back after the fact and kick people when their down. just giving fair warning about the game they are entering.
Do your thing...maybe you'll sway someone to not want to make money here in fear of a subpenny not being what the CEO says they are.
They need a good leader...do you know one? LOL
not even close. there is nothing that could be brought into fxpt that could possibly make them solvent. and for the record if a clean shell moved for no reason, I would not recommend someone should buy it. It would obviously be a group front loading.
Kinda like waiting for a clean shell to do something, eh?
And why would there be a run? this company is doing nothing. are they anticipating Renfro and his two tiny wells leaving today? Then they can bring in a new story to find another group of suckers?
Trust me Pac, no one will care about wells when a run is going. You're better off just waiting til it settles down then you can get back to work.
the number of producing wells is 2, with a combined total of 10 barrels per month.
nice volume today. it could see nice pop from here. with the number of oil producing well on hand, it could be huge.
goo FXPT..
Does anyone have an L2 shot? thanks in advance
But the "Good" news is that March 2012 numbers are out. The 2 producing wells generated a total of 10 barrels. This company will be out of debt very soon with those kind of numbers.
http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2f%2fdnrucm%2fucm%2fgroups%2fconservation%2fdocuments%2fooc%2f4150101.pdf
Looks like they are going back and restating all of the oil stock number since July 2011 again. Seems like they misplaced another 383 barrels of oil.
July 2011 as stated in Feb
http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2f%2fdnrucm%2fucm%2fgroups%2fconservation%2fdocuments%2fooc%2f4105013.pdf
July 2011 as stated today
http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2f%2fdnrucm%2fucm%2fgroups%2fconservation%2fdocuments%2fooc%2f4150081.pdf
WOW, seems like JR has done another good job with fox too LMFAO
I feel bad for those who fell for that
I just saw that they put out a PR 5 days ago that they were looking into an acquisition that would do 100,000 barrels a month. Then today an acquistion possibilty of 10 barrels a month. 10 barrels would seem to be more likely for them since it takes so long for them to move a few hundred barrels off their property. Not that there is any record of that, of course.
That news sure had an exciting effect on FXPT !!
Yep, all documents from July through Dec 2011 have been updated. Seems they are short close to 2000 barrels of oil, but there isn't a single document that shows when the oil left the premisis. I would expect that one of those months would show the opening stock over 2000 barrels, and then the closing stock would indicate that it was removed. Yet that doesn't happen. it is just all gone. My guess is that means FXPT isn't buying the oil that was already there, which would be roughly $200,000 worth of oil and about the only legitimate reason to purchase Renfro's assets.
Stack reading and operator has been changed. What happened to all that oil. lol
You have a redirect in there. Looks like sonaris opened with Goog doc. You might see them but but not everyone else will. I just opened them with another PC. Looks like there's been some revisions there. Gonna have to look into that,
They open fine for me. It just seems the numbers are off a bit???
Those are encoded files. Are you trying to open them ?
Admiral,
Can you tell me what is missing here?
Posted October 2011
http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2f%2fdnrucm%2fucm%2fgroups%2fconservation%2fdocuments%2fooc%2f4003388.pdf
posted February 2012
http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2f%2fdnrucm%2fucm%2fgroups%2fconservation%2fdocuments%2fooc%2f4105013.pdf
I've been following Fox for years. Way back when they kept buying leases in Alaska and nothing ever came to fruition. Never pumped an oz of oil... So what's going with Fox today? I see they are seriously considering a deal.... IS that really news you can bank on?
does anyone has anything good to say about this company?
Good idea, thanks. I'm sick of P&D's. I just started trading pennies last year, and made a bunch of bad decisions with them, FXPT included. I've done a whole lot better in the past 2 months, and my winners have outnumbered my losers recently. I noticed Lieberman is over at Mammoth now...not sure how long he's been there, but I discovered that doing a scan last month. Just had to laugh, and mark that off of my watch list, LOL!
You can probably get your money back by following Renfro to his next company. He has an opt out clause in his sale of "assets". My guess is he will cut ties with FXPT and try to sell his "assets" to another company looking for a quick P&D. Set up your google alerts for James Renfro and put your money in early before the pump starts.
On January 5, 2012, the Company entered into an Amendment to the Purchase and Sale Agreement for the acquisition of Renfro Energy LLC and Cameron Parish Pipelines LLC. Pursuant to the Amendment, the parties agreed that the consideration to be issued for the acquisition would be 30,000,000 shares of the Company’s restricted common stock. Additionally, the seller has the option to re-purchase 100% of the membership interests of Renfro Energy LLC and Cameron Parish Pipelines LLC for the 30,000,000 shares of the Company’s common stock on or before April 5, 2012.
I finally bit the bullet today and took my losses. I should have sold on 1/19 when volume was heavy and it hit .0135 briefly, but I was being a bit too hopeful thinking it would keep going up. Live and learn. Feels good to be rid of those bags!
Are you using your nose?
Seems like the DTCC follows Renfro around. can't imagine why?
Here's a link to their income statement. Warning: It's UGLY!!! LMAO!!! Be sure to check the top line on the left side under revenues, now!
http://finance.yahoo.com/q/is?s=FXPT.PK+Income+Statement&annual
I know those are a year old, and that they own Renfro now. I'm sure that those two wells in CP that are producing almost 1 full BOPD (20-30 BOPM) are just raking in TONS of cash, LOL!!!
lol, A rare breed of the fox rabbit. JR has done that for years.
Foxy's earnings have been lost
How can you express an opinion on something you can't find ?
May I have a second opinion on Foxy's earnings? please
WHAT? EARNINGS! EARNINGS! O yeah all that money from Alaska, prove it.
FXPT is a great company with great earnings. True they may have a lot of debt, BUT WITH TIME THAT CAN BE PAID OFF AS LONG AS THERE IS EARNINGS TO THE COMPANY, WHICH THERE IS. THE INDUSTRY THERE IN ALSO IS A REASON FOR OPTIMISEM. OIL IS DEFINETLY ON THE WAY UP FOR THE REASON THAT THE EAST CAN NOT BUDGET THERE SPENDING AT A LESS THAN $90 A BARREL OIL PRICE, THEREFORE OIL HAS NOWHERE TO GO BUT UP. AND IF OIL WERE TO START MAKING A DOWN TREND, THEY WOULD SLOW PRODUCTION IN ORDER TO KEEP PRICES HIGH. THIS IS A COMPANY WHERE YOU CAN TIMES YOUR MONEY MANY TIMES OVER IN A VERY SHORT PERIOD OF TIME. MY SAY, BUY!
I thought about opening up one of those shady online trading accounts that let you short anything and try it out on FXPT just for fun. But, like you said, its gonna bounce off 0.001. Given Renfro is going to dilute the crap out of this, maybe shorting is a good idea! LOL. What a POS.
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About Fox Petroleum | ![]() Company Background 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. |
ManagementJames Renfro | Auditors: |
Our Projects | |
Cameron Parish School Board LeaseLocated on the northern flank of the Cameron Meadows Salt, 43 wells have also been drilled on this lease. Producing formations range in depths from 1350' to 5273'. The enlarged section of land comprising 880 acres was active from the 1930's until 1991 when all remaining wells were plugged and abandoned and the lease returned to the landowner. Subsequently, two new wells were drilled; CPSB #2 in 1993 and CPSB #1 in 1998. Both wells were eventually shut-in by 2000 and the lease returned to the landowner. Cumulative oil production is over 6 million barrels. In 2003, RE obtained a new lease on the property and began operations to return the two shut-in wells to production. CPSB #2 is capable of making 12-15 bopd while the CPSB #1 was initially a gas well but upon depletion was shut-in awaiting future utilization. CPSB #3 (a re-entry of the plugged Well #37) was completed in 2004 and utilized as a saltwater disposal well while CPSB #4 (a re-entry of the plugged Well #31) was recently completed flowing approximately 60 bopd before increased water production required the well to be shut-in awaiting remedial work to be performed. In the meantime, the well will flow, on average, 3 bopd water free. With existing production of 15-20 bopd, this lease provides RE with cash flow to support the further evaluation of developmental and exploration activities. Estimated recoverable oil reserves from the currently zones are 40,000 barrels with an additional 100,000 barrels of oil reserves from a behind pipe zone in one of the existing wells. Development of this property has been limited and only 40% of the acreage has been properly evaluated. RE purchased 5 square miles of 3-Dimensional Seismic in order to determine the property's full potential. We have completed an initial evaluation of the lease based on the 3-D Seismic data which identified several areas of high potential at a very shallow depth, less than 3000'. This work has generated two exploration wells which could potentially discover 1,000,000 barrels of oil reserves. The best prospect of the two could recover 500,000 barrels or more and the second prospect, 150,000 barrels. Additionally, subsurface mapping of existing and plugged wells have identified unproduced oil still trapped in various structures from 3900 feet to 4200 feet. A volumetric analysis indicate potential oil reserves of 500,000 barrels. Two proved undeveloped well locations have been identified to recover these reserves. | ![]() |
Shares Outstanding 128,174,997 a/o Jul 12, 2011...Float 26,356,274 a/o Dec 16, 2010 Contact: Mr. J. Molloy Phone: (212) 560-5195 Email: info@fox-petroleum.com Web: http://www.fox-petroleum.com/ | |
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