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If by "In Business" you mean selling worthless shares to people then yes they are still in business. If you meant the Oil business, then not so much. Unless you count the 4 barrels a month that their CEO James Renfro brought with him.
OMG! These people still in business?
It must be over 5 years now or even 6, when broker came to me with absolutely beautiful portfolio prospectus of this unknown oil company then & I researched and contacted them and I finally invested back then (lost all our investment). Repeatedly saw Form 4's filed by execs month after month selling their stock and PPS kept falling to worthless. Now it is deeper into micro-territory. Unreal.
It was a scam job then, name changing and diversionary tactics, etc...
You people interested in a real "penny stock" related to energy/mining/medical that might be poised to really do something, look into the new ticker symbol: LGBI
so what do you think? A dump then pump going on here?
I'm going to do some DD into the trading practices of the parties b4 considering buying. It's set up where they could use a pump then dump, a dump then pump, or a R/S followed by slow constant dilution. The last would rid the stock of all the present shareholders then draw new shareholders in that don't know anything about the company people.
There must be some sort of plan for them to off load all those shares. Otherwise they wouldn't have accepted them as payment. Just wish I knew when they planned to start the pump. getting in a week or two before could make a lot of money.
I got real tickled when I saw that massive increase in OS. lol
I think we had this one tagged right from the beginning.
Thanks for your help the other day. I'll send you some follow up info when I get the time.
With the massive amount of shares given out do you think there will be an orchestrated pump coming in the next few months so the holders of these shares can cash out? Would now be a good time to buy in anticipation of whatever marketing scheme they come up with? Or do you think it will continue to go lower as time passes making the current pps not a good value?
It's just going to drift till those shares are dumped.
Wow, how is this not trading at .0001?? has anyone bothered to read the 10q that was recently filed?
check out this -
Looks like March with thinner volume. Shares being traded at ASK, looks good to me, once the selling pressure subsides and the price inches up I will be expecting good things.
All buys on ask today besides one 200 share bid whack!!
FXPT has been very thin lately... It could go back up in a flash... I'm eating up some .005's and .006's
But Sam's company is? LOL!
FXPT is on it's way to .0001. the only thing keeping it at the current level is lack of interest.
Yeah, pretty much all penny stocks end up at .0001, they all dilute because they all have finance, income, cashflow issues.
99% of them are dilution machines, its that 1% that actually turn into real special little companies and make people rich......I have a really bad feeling this isnt one of those 1%'ers....
I'll give JR a small pass on that. FXPT is a share printing machine, much like anything Lieberman is involved in. I'm sure that is why Renfro landed here. Where else can he find someone to take on his debt? We all know that FXPT'S creditors are in on it. How else can they let the millions of debt continually slide?
Its kind of funny, or maybe just a bad coincidence, all the real heavy dilution started last year in sept 2011, the same time that JR came aboard here....
Say it aint so JR, Say it aint so WL, Say it aint so MC1, I mean Randizzle......
10 million block @ .0064. Ouch! Looks like Renfro is trying to get out of this with a little cash.
<<< $FXPT Links! >>> ~ MAC's Quick DD Links without the charts.
PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/FXPT
OTC Markets Company Info ~ http://www.otcmarkets.com/stock/FXPT/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/FXPT/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/FXPT/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/FXPT/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/FXPT/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/FXPT/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/FXPT/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/FXPT/research
Google Finance Summary ~ http://www.google.com/finance?q=FXPT
Google Finance News ~ http://www.google.com/finance/company_news?q=FXPT
Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=FXPT
Google Finance Financials ~ http://www.google.com/finance?q=FXPT&fstype=ii#
Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=FXPT
Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=FXPT&histperiod=weekly#
Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=FXPT+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=FXPT+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=FXPT+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=FXPT
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=FXPT+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=FXPT+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/FXPT
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/FXPT
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=FXPT+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=FXPT+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=FXPT+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=FXPT+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=FXPT+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=FXPT+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=FXPT+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=FXPT+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=FXPT+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=FXPT+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=FXPT+Cash+Flow&annual
FINVIZ ~ http://finviz.com/quote.ashx?t=FXPT&ty=c&ta=0&p=d
Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=FXPT
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=FXPT
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=FXPT
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=FXPT
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=FXPT
Investorshub News ~ http://ih.advfn.com/p.php?pid=news&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=FXPT&s_ok=OK&from_month=3&from_day=15&from_year=2012&order=desc&selsrc%5B%5D=prnca&selsrc%5B%5D=prnus&selsrc%5B%5D=zacks&selsrc%5B%5D=money2&selsrc%5B%5D=djn&selsrc%5B%5D=bw&selsrc%5B%5D=globe&selsrc%5B%5D=edgar&selsrc%5B%5D=mwus&force=1&last_ts=1331855999&p_n=1&p_count=&p_ts=1331794260
CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=FXPT&exchange=US
Barchart Quote ~ http://barchart.com/quotes/stocks/FXPT?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/FXPT
Barchart Options Quotes ~ http://barchart.com/options/stocks/FXPT
Barchart Technical Chart ~ http://barchart.com/charts/stocks/FXPT&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/FXPT&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/FXPT
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=FXPT
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/FXPT
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/FXPT
Barchart News Headlines ~ http://barchart.com/news/stocks/FXPT
Barchart Profile ~ http://barchart.com/profile//FXPT
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=FXPT&view=key_statistics
OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=FXPT&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=FXPT&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=FXPT&MarketTicker=NYSE&Typ=S
Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/FXPT/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/FXPT/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/FXPT/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/FXPT/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/FXPT
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/FXPT/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/FXPT/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/FXPT/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/FXPT/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/FXPT/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/FXPT/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=FXPT&sid=1795093&framed=False
The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=FXPT
Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=FXPT
StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=FXPT&num1=567&cobrand=&mode=stock
StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=FXPT
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=FXPT
AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=FXPT&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8
Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=FXPT.PK&WTmodLOC=C4-Officers-5
StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=FXPT®ion=U
Search NASDAQ ~ http://www.nasdaq.com/symbol/FXPT
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/FXPT/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/FXPT/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/FXPT/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=FXPT&selected=FXPT
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=FXPT&selected=FXPT
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/FXPT/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/FXPT/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/FXPT/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/FXPT/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/FXPT/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/FXPT/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/FXPT/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/FXPT/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/FXPT/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/FXPT/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/FXPT/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/FXPT/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/FXPT/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/FXPT/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=FXPT&selected=FXPT
NASDAQ Financials ~ http://www.nasdaq.com/symbol/FXPT/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/FXPT/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/FXPT/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/FXPT/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/FXPT/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/FXPT/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/FXPT/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/FXPT/insider-trades/sells
The Motley Fool ~ http://caps.fool.com/Ticker/FXPT.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/FXPT/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/FXPT/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/FXPT/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/FXPT/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/FXPT/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/FXPT/Statements.aspx?source=icasittab0000009
MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=FXPT
YCharts ~ http://ycharts.com/companies/FXPT
YCharts Performance ~ http://ycharts.com/companies/FXPT/performance
YCharts Dashboard ~ http://ycharts.com/companies/FXPT/dashboard
InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=FXPT&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=FXPT&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=FXPT&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=FXPT
Zacks Quote ~ http://www.zacks.com/stock/quote/FXPT
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=FXPT
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=FXPT
Knobias ~ http://knobias.10kwizard.com/files.php?sym=FXPT
StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=FXPT
Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/FXPT/HOT_TOPIC.html
Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=FXPT&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=FXPT®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=FXPT®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=FXPT®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=FXPT®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=FXPT®ion=USA&culture=en-us
CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=FXPT
TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=FXPT
OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=FXPT&searcharea=e&image1.x=0&image1.y=0
Insidercow ~ http://www.insidercow.com/history/company.jsp?company=FXPT&B1=Search%21
Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=FXPT
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=FXPT&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null
YouTube Symbol Search ~ http://www.youtube.com/results?search_query=FXPT
Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=FXPT
Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=FXPT
Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=FXPT
Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=FXPT
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=FXPT
Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=FXPT
Investorpoint ~ http://www.investorpoint.com/ enter "FXPT" and click search.
Hotstocked ~ http://www.hotstocked.com/ enter "FXPT" and click search.
Raging Bull ~ http://ragingbull.quote.com/mboard/boards.cgi?board=FXPT
Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=FXPT
DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=FXPT
SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=FXPT
OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=FXPT
Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "FXPT" and click search.
http://www.coordinatedlegal.com/SecretaryOfState.html
http://regsho.finra.org/regsho-Index.html
http://www.shortsqueeze.com/?symbol=FXPT&submit=Short+Quote%99
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=FXPT
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=FXPT
Check those searches for recent FXPT mentions. If FXPT is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS
MACDlinks
whatever it is they are growing has been dormant for years
True, but we know what Jim can pull out of his shorts and it isn't good.
You never know what Jim can pull out of his sleeve
Well, that certainly is an interesting perspective. Are they growing carrots?
Looks like FXPT going to set a new low ...
oh no, Well best to start selling then.
doesn't look like it. no reports since November 2011 and that report says there was 0 production.
http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2f%2fdnrucm%2fucm%2fgroups%2fconservation%2fdocuments%2fooc%2f4043001.pdf
It is called front loading. Then when the promotion comes people are going to get dumped on.
You should realize there's something brewing. All your efforts won't prevent people from making money. But good luck anyway.
Did he get the gas turned back on ?
FXPT Fox Petroleum Latest News !!
For Latest News Click here
Actually they are currently producing 10 barrels a month, so 10 barrels a day would be a huge increase. Although, I don't think it will put a dent in the interest payments for the millions of dollars of debt FXPT has.
Read the PR from the 15th..
. "This Venezuelan acquisition can immediately do 100,000 barrels per month and has all export authorizations and comes from one of the leading oil companies in the world based within Venezuela,"
10 barrels a day??Are you kidding me,Strong Sell...this looks like a great rally to dump the junk into.....Wow its a real gusher,10 barrels a day,get the pick up truck,were going to market..LOL........Strong sell...rareF ...Fox alright,the fox gaurding the hen house...see you at .008
negotiating with a central Texas based oil company to take over existing operations of oil leases located in the Grand Cheniere Field in Cameron Parish, Louisiana.
Currently the property has one oil well that can produce approximately 10 barrels a day (bopd) and one salt water disposal well.
News from March 20
Fox Petroleum in Negotiations With Central Texas Oil Company
NEW YORK, NY, Mar 20, 2012 (MARKETWIRE via COMTEX) -- Fox Petroleum Inc. (OTCQB: FXPT) (PINKSHEETS: FXPT) announced today that it is negotiating with a central Texas based oil company to take over existing operations of oil leases located in the Grand Cheniere Field in Cameron Parish, Louisiana.
Currently the property has one oil well that can produce approximately 10 barrels a day (bopd) and one salt water disposal well.
"This transaction should provide Fox with long term operating income as well as a small working interest ownership. An opportunity to purchase additional working interest and joint involvement in other projects is also contemplated," said James Renfro, President of Fox Petroleum.
Renfro Energy LLC 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, Oklahoma and for acquisitions identified in Louisiana. Since 1995, Renfro Energy LLC and its predecessor company have bought and sold over $6 million of oil and gas properties through approximately fifteen acquisitions. The assets are located in Johnson Bayou, Louisiana on the northern flank of the Cameron Meadows Salt Dome. Renfro Energy is currently investigating through 3-D seismic reserve potential of 200,000 to 500,000 barrels of oil.
Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Contact:
Mr. J. Renfro
Phone: (212) 560-5195
Email: info@fox-petroleum.com
Web: www.fox-petroleum.com
SOURCE: Fox Petroleum, Inc.
CONTACT: mailto:info@fox-petroleum.com
http://www.fox-petroleum.com/
Copyright 2012 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Energy and Utilities:Oil and Gas
Financial Services:Investment Services and Trading
News from March 15
Fox Petroleum Seriously Reviewing International Residual Oil Acquisition
NEW YORK, NY, Mar 15, 2012 (MARKETWIRE via COMTEX) -- Fox Petroleum Inc. (OTCQB: FXPT) (PINKSHEETS: FXPT) announced today that it is seriously reviewing a large residual oil and acquisition currently based in Venezuela.
"We are being approached on a weekly basis with crude leftovers and we are beginning to see a consistent oil arbitrage plays on a global level," said James Renfro, Chief Executive Officer of Fox Petroleum. "This Venezuelan acquisition can immediately do 100,000 barrels per month and has all export authorizations and comes from one of the leading oil companies in the world based within Venezuela," he added.
Renfro Energy LLC 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, Oklahoma and for acquisitions identified in Louisiana. Since 1995, Renfro Energy LLC and its predecessor company have bought and sold over $6 million of oil and gas properties through approximately fifteen acquisitions. The assets are located in Johnson Bayou, Louisiana on the northern flank of the Cameron Meadows Salt Dome. Renfro Energy is currently investigating through 3-D seismic reserve potential of 200,000 to 500,000 barrels of oil.
Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Contact:
Mr. J. Renfro
Phone: (212) 560-5195
Email: info@fox-petroleum.com
Web: www.fox-petroleum.com
SOURCE: Fox Petroleum, Inc.
CONTACT: mailto:info@fox-petroleum.com
http://www.fox-petroleum.com/
Copyright 2012 Marketwire, Inc., All rights reserved.
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That's up to you.. Personally i'm thinking about selling about a quarter of my shares if it runs a little bit at the end of the day. I'm gonna take a risk and hold the rest to see what next week brings..
I am holding 35,950 at .01 should I keep holding?
I can't believe nobody has noticed this breakout! I'm holding a good amount at .0085 :) FXPT
It figures that after I got out of this POS that it would almost double in price.
Who pumped it to 18.00 dollars a share in 2007?
What are you talking about? I've done the opposite
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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 | |
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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