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Freestone Resources Inc. (FSNR)

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Last Post: 10/19/2019 2:29:22 PM - Followers: 107 - Board type: Free - Posts Today: 3

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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FSNR News: Freestone Resources Announces Exclusive International Distributorships For Petrozene 08/08/2019 10:01:46 AM
FSNR News: Quarterly Report (10-q) 05/20/2019 04:13:06 PM
FSNR News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 05/15/2019 03:02:23 PM
#33064  Sticky Note A personal perspective on Freestone Resources, Inc. falconer66a 08/13/15 03:58:44 PM
#39841   True. Nothing new to change the situation. That Steady_T 10/19/19 02:29:22 PM
#39840   And Fsnr is now back below .03... there’s welloff 10/19/19 02:22:36 PM
#39839   Approximately $1,000 worth of stock traded. Steady_T 10/19/19 02:13:13 PM
#39838   Someone turned loose! welloff 10/18/19 05:05:19 PM
#39837   Like the cool down also Don’t see any Dad4487 10/15/19 03:36:10 PM
#39836   I would love to see some .04 and RJ Trotts 10/15/19 11:32:06 AM
#39835   Really I’m skeptical as to Petrozene for the Dad4487 10/05/19 10:22:51 AM
#39834   Hoping for an update. Sooner than later RJ Trotts 10/05/19 12:29:26 AM
#39833   You won’t see any contract or sale until Dad4487 10/04/19 08:34:58 AM
#39832   It’s doubtful we will see anything, these “intent” welloff 10/03/19 10:03:15 PM
#39831   Agree well. I would love to see RJ Trotts 10/03/19 09:57:32 PM
#39830   “PPES will soon start shipping Petrozene to Ecuador welloff 10/03/19 09:27:02 PM
#39829   You can suspect it’s run its course when leemalone2k3 09/30/19 09:29:18 PM
#39828   It would be nice if management would come welloff 09/30/19 10:20:05 AM
#39827   Freestone’s Petrozene since it’s conception has never been Dad4487 09/30/19 10:09:36 AM
#39826   I agree, if the last few trials and welloff 09/28/19 01:51:16 PM
#39825   Food for thought: I don’t know how much funds Dad4487 09/28/19 10:08:01 AM
#39824   Maybe petrozene can be “reformulated” into encapsol?!! welloff 09/25/19 04:28:49 PM
#39823   When a company gives free samples and it’s Dad4487 09/25/19 02:43:34 PM
#39822   Maybe Fsnr hopes there’s a market for recycled PR’s? welloff 09/25/19 01:02:09 PM
#39821   Freestone has to stop riding a dead horse Dad4487 09/25/19 12:45:08 PM
#39820   If there is. I am ready to RJ Trotts 09/24/19 10:59:06 PM
#39819   Is there another drop on the way? welloff 09/24/19 06:24:51 PM
#39818   FSNR closed in the .05s three times this week. RedShoulder 09/20/19 04:12:55 PM
#39817   FSNR closed at .05 Up .02 for 66% gain. RedShoulder 09/19/19 04:17:30 PM
#39816   Any more averaging down will let be .02 Dad4487 09/19/19 01:37:48 PM
#39815   I wonder if someone will average down even welloff 09/19/19 11:14:52 AM
#39814   Some one got a nice deal. RJ Trotts 09/18/19 11:58:09 PM
#39813   Wish I had a bid in for some Steady_T 09/18/19 10:46:57 PM
#39812   Today was real volume. Some one wanted RJ Trotts 09/18/19 10:45:40 PM
#39811   FSNR traded 53,600 sh in the .04s today. RedShoulder 09/18/19 09:34:42 PM
#39810   Big drop today! welloff 09/18/19 07:29:03 PM
#39809   Those trying to average down Lol Down 43% Dad4487 09/18/19 07:27:37 PM
#39808   Huge vol for Freestone at 176,700 sh traded. RedShoulder 09/18/19 06:15:45 PM
#39807   Wow, back to .03. Who’s manipulating this stock? welloff 09/18/19 06:09:45 PM
#39806   Nice close Red. Hoping to see some RJ Trotts 09/16/19 04:43:54 PM
#39805   FSNR closed .0526 Up 69% or .0216 RedShoulder 09/16/19 04:35:03 PM
#39804   It is down to .031 on a $19.78 Steady_T 09/13/19 12:57:04 PM
#39803   What is going on is typical penny pomp. Nothing Dad4487 09/13/19 12:48:25 PM
#39802   Lol. That’s precisely my thought! Will Fsnr hit .03 again? welloff 09/13/19 12:26:29 PM
#39801   Wow! The philosophical narratives are outstanding! Hey I have an Dad4487 09/13/19 12:22:17 PM
#39800   “Day to day FSNR prices are of no welloff 09/13/19 12:15:30 PM
#39799   Agree well, no support, that is for sure. RJ Trotts 09/13/19 12:13:21 PM
#39798   With a current ask of 0.049, a slap-the-ask falconer66a 09/13/19 11:33:34 AM
#39797   Didn’t take much to bring the .03’s back? welloff 09/13/19 10:06:06 AM
#39796   Nice to see the 049 today. RJ Trotts 09/12/19 06:52:04 PM
#39795   RJ, you got your .0535 (up +33%) wish RedShoulder 09/12/19 03:36:15 PM
#39794   Lol. Good possibility welloff 09/11/19 07:55:32 PM
#39793   Maybe the potential has already potentiated Dad4487 09/11/19 07:39:06 PM
#39792   I wish they would use their potential! welloff 09/11/19 02:28:48 PM