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Freestone Resources Inc. (FSNR)

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Last Post: 4/2/2020 1:17:15 PM - Followers: 106 - Board type: Free - Posts Today: 0

On November 16, 2018, Gary Don Edwards resigned as Chief Investment Officer of Freestone Resources, Inc. (the “Company”) and as a member of the Company’s Board of Directors to be effective on the date of his resignation.


Share structure per the Def 14c released on 10/25/2018 is
 currently 98,238,177 issued and outstanding shares of the Company’s common stock. FSNR currently has 5,000,000 authorized shares of preferred stock, with none issued or outstanding. Authorized shares of common stock is 600,000,000.

FSNR shares held by the Officers, Directors, Previous Officers and Directors, and the JV Dynamis to a total of * 42,798,442 * per the recently released Def 14c 

Link to the information Statement - All Other (definitive) (def 14c):    https://ih.advfn.com/stock-market/USOTC/freestone-resources-inc-qb-FSNR/stock-news/78542665/information-statement-all-other-definitive-def-1 ;   

None of the officers, directors, previous officials, or the JV have sold a single share - not one share.

Below is a breakdown of shares owned in desending order of share size held:

Gerald Johnston, Advisory Board ... 15,404,167  *** (The major shareholder, and is the retired CFO of Tyson Foods, a multi billion dollar company) 
Clayton Carter,  Former CEO ... 7,605,000
Don Edwards, Former CIO  ... 6,500,000 
Michael McGhan (and spouse), CEO, Chairman, President ... 5,500,000 *** (Former CEO of both billion dollar companies Hanover Compressor- now Exterran, and Valerous Compression Services)
Dynamis, JV Partner ... 5,000,000
Paul E. Babb, CFO and Director ... 2,789,275

____________  NOTE: None of the above have ever sold a single share ____________
Below is an aerial photo of the CTR facility wholly owned by Freestone Resources:


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.

Pipeline Solutions:

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. 

Petrozene™ Applications and Uses

Petrozene™ has many uses within the oil industry. Depending on the application we can supply Petrozene™ in drums, totes, oil tanker trucks or rail car loads. Below are the applications that are currently available.

  • Paraffin buildup
    Prevent buildup of paraffin in boreholes, tubing, flowlines, lead lines, treaters, stock tanks, pipelines, pumps & separators
    Keeps oil from solidifying and forming caking layers in equipment and pipelines
    Lowers Asphaltenes
    De-emulsifier Agent – Rapid separation of oil, sediment and water. Petrozene™ has been conclusively shown to be effective in the de-emulsification of production tanks by lowering the BS&W of the oil.
    Well treatment
    Formation Injection – potential increase in oil and gas production
    Oil storage tanks
    Oil storage on ships, trucks, rail
    Tar residue and separation
    Refineries – cleans lines, etc.
    Tank Batteries
    Tank bottoms
    Oil Sludge clean-up
    Lowers BS&W (Basic Sediment and Water)

Petrozene Web Site;

FSNR is a OTCQB (not a pink)
Link to free real time Level -2 quotes. Also includes trade data such as bids and asks and short interest:

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#33064  Sticky Note A personal perspective on Freestone Resources, Inc. falconer66a 08/13/15 03:58:44 PM
#40090   I just can’t fathom why no one is welloff 04/02/20 01:17:15 PM
#40089   Sub-penny soon. Suspension looming, the last SEC filing ponzi_implosion 03/31/20 06:40:02 PM
#40088   So little volume it can be altered easily Dad4487 03/31/20 11:10:22 AM
#40087   Wow. Subpenny for Fsnr? welloff 03/31/20 10:30:05 AM
#40086   Volume!!!! Another buy coming Dad4487 03/31/20 10:25:43 AM
#40085   It’s extraordinary how often these massive bids show welloff 03/24/20 04:19:02 PM
#40084   Why would anyone invest in anything? That’s not a Dad4487 03/24/20 03:24:17 PM
#40083   A buy of 1.5 million FSNRs, at $0.0061, falconer66a 03/23/20 09:26:59 PM
#40082   1.5m bid at .0061. Nice to see RJ Trotts 03/23/20 10:33:36 AM
#40081   Lol. That pump didn’t work out so well! welloff 03/21/20 10:18:39 AM
#40080   News is out Last year PPES will soon Dad4487 03/21/20 10:17:38 AM
#40079   Not sure why these subpenny shares are not welloff 03/20/20 03:12:53 PM
#40078   Wash Rinse Repeat Typical penny Dad4487 03/20/20 03:12:46 PM
#40077   Subpenny! welloff 03/20/20 03:06:57 PM
#40076   I contacted the company about a month ago welloff 03/20/20 01:14:09 PM
#40075   Lol Now you’re getting the same feelings many have Dad4487 03/20/20 11:38:50 AM
#40074   If anyone knows how to contact mgmt, now RJ Trotts 03/20/20 10:55:08 AM
#40073   Lol. I hear an echo from the past.... welloff 03/19/20 01:11:50 PM
#40072   Do you think Freestone will ever be 3 Dad4487 03/19/20 01:04:01 PM
#40071   It could so it could be played like Dad4487 03/18/20 05:18:33 PM
#40070   Yeah. Will it go subpenny? No news welloff 03/18/20 01:47:22 PM
#40069   Someone wants a penny Dad4487 03/18/20 01:30:02 PM
#40068   Lot of letting go here. Fsnr is spiraling welloff 03/18/20 12:52:50 PM
#40067   Better yet, let’s see if Fsnr management can welloff 03/18/20 11:32:51 AM
#40066   Lol. Someone fighting hard to keep fsnr from welloff 03/18/20 11:31:35 AM
#40065   Trying to penny up lol Dad4487 03/18/20 11:24:07 AM
#40064   Vol up again today at 30,300 so far RedShoulder 03/18/20 10:44:49 AM
#40063   Until the company gives guidance the PPS has RJ Trotts 03/17/20 08:53:47 PM
#40062   Bid is the lowest I’ve seen for Fsnr. welloff 03/17/20 08:45:56 PM
#40061   Expert market or gray sheets looming around the welloff 03/17/20 05:38:12 PM
#40060   Lol. Volume means nothing when the company can’t welloff 03/17/20 05:28:48 PM
#40059   Burt is great at that. He’s been right welloff 03/17/20 05:28:00 PM
#40058   Some one wanted out. They exited. RJ Trotts 03/17/20 05:01:40 PM
#40057   Volume was quit high at 163,302 considering the RedShoulder 03/17/20 04:08:31 PM
#40056   Ugly day, maybe it will rebound. Best RJ Trotts 03/17/20 03:58:18 PM
#40055   Another buy coming Caught wind from Burt Dad4487 03/17/20 03:37:46 PM
#40054   Fsnr at .01. welloff 03/17/20 03:08:07 PM
#40053   Lol. Someone is trying hard to keep fsnr welloff 03/17/20 10:47:17 AM
#40052   Major fear manipulation going on Dad4487 03/17/20 10:37:52 AM
#40051   Just manipulating a little Buys soon Caught wind Dad4487 03/12/20 11:16:30 AM
#40050   Major unload today? welloff 03/12/20 10:32:28 AM
#40049   That is true! Too bad the company welloff 03/09/20 12:38:50 PM
#40048   The Spartans! Big 300 Burt said it would be this way Dad4487 03/09/20 12:37:03 PM
#40046   There it is. Fsnr still over valued at welloff 03/04/20 11:54:02 AM
#40045   Manipulation coming Waiting on it drooping then a buy Dad4487 03/03/20 03:20:06 PM
#40044   Fsnr down below .03. What is next for welloff 03/03/20 03:05:03 PM
#40043   Uh oh! Will the penny show its head welloff 03/03/20 11:56:38 AM
#40042   Approaching 7 months since the last pr. No welloff 02/27/20 06:01:05 PM
#40041   Lol! Someone has to keep appearances up welloff 02/24/20 12:44:12 PM
#40040   Funny when gloom and doom is spoken here A Dad4487 02/24/20 11:07:48 AM