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Freestone Resources Inc. (FSNR)

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Last Post: 3/22/2019 5:58:53 PM - Followers: 105 - Board type: Free - Posts Today: 10

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:

Current Price
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FSNR News: Amended Current Report Filing (8-k/a) 03/07/2019 03:00:25 PM
FSNR News: Quarterly Report (10-q) 02/19/2019 12:09:14 PM
FSNR News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 02/13/2019 04:02:07 PM
FSNR News: Current Report Filing (8-k) 01/18/2019 02:19:09 PM
FSNR News: Current Report Filing (8-k) 11/20/2018 03:58:16 PM
PlusOneCoin Top Posts
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#38706  Sticky Note Do you know when the new formula was Sax 11/14/17 01:51:34 PM
#33064  Sticky Note A personal perspective on Freestone Resources, Inc. falconer66a 08/13/15 03:58:44 PM
#39541   No shares for me. I think this goes leemalone2k3 03/22/19 05:58:53 PM
#39540   Getting more shares? Is the larger tire shredder the welloff 03/22/19 05:23:38 PM
#39539   Inept? They can keep their company afloat leemalone2k3 03/22/19 04:56:11 PM
#39538   “The issue is there hasn't been an active welloff 03/22/19 03:33:15 PM
#39537   The issue is there hasn't been an active Sax 03/22/19 01:56:45 PM
#39536   I heard the best use for Petrocrap is pseeker 03/22/19 01:51:17 PM
#39535   Petrozene works just fine the way it is. Steady_T 03/22/19 12:49:57 PM
#39534   I agree Freestone needs a new sale item Dad4487 03/22/19 10:30:56 AM
#39533   Well, they are getting a bigger tire shredder? welloff 03/22/19 10:30:41 AM
#39532   Petrozene will not be a seller on its Dad4487 03/22/19 10:18:16 AM
#39531   We have seen watching L2 the large seller RJ Trotts 03/21/19 05:55:06 PM
#39530   Heavy vol 143,800 and up 12% at .028 RedShoulder 03/21/19 05:46:42 PM
#39529   Ask at 028. Unreal. And some buys RJ Trotts 03/21/19 05:45:01 PM
#39528   Wonder if it will be another 2 years welloff 03/21/19 04:34:15 PM
#39527   Right now it’s averaging down hoping to bump Dad4487 03/21/19 04:30:33 PM
#39526   See any fruit on the tree? welloff 03/21/19 03:47:16 PM
#39525   Pretty quiet for the last week or so. Sax 03/21/19 02:11:53 PM
#39524   Only 13k remain at .03. Would love RJ Trotts 03/13/19 02:49:20 PM
#39523   Wall at .03 it appears, showing 32k on RJ Trotts 03/12/19 03:52:10 PM
#39522   Well the last filing came out with a welloff 03/11/19 05:03:43 PM
#39521   Quote come out with something like a EncapSol". Really, Dad4487 03/11/19 08:10:38 AM
#39520   "come out with something like a EncapSol". Texas_Horseman 03/10/19 09:52:54 AM
#39519   http://m.marketwired.com/press-release/encapsol-technology-enhanced-oil-recovery welloff 03/09/19 07:45:27 PM
#39517   I could see encapsol bringing “substantial” revenue! welloff 03/09/19 10:52:05 AM
#39516   What Freestone pr’d isn’t the money maker, it Dad4487 03/09/19 10:48:38 AM
#39515   Good volume, just can’t get past that unpredictable welloff 03/08/19 04:32:57 PM
#39514   High Vol off yesterday's good news so far RedShoulder 03/08/19 03:25:58 PM
#39513   I agree. Nice to see some volume. An Steady_T 03/08/19 12:36:06 PM
#39512   Some volume today. Nice to see. RJ Trotts 03/08/19 12:01:00 PM
#39511   I am ready to see that rabbit out RJ Trotts 03/08/19 11:15:40 AM
#39510   Good morning As to Petrozene, we have to Dad4487 03/08/19 10:38:38 AM
#39509   Agree. We still have lots of questions. RJ Trotts 03/07/19 10:25:45 PM
#39508   It was certainly nice to hear from the welloff 03/07/19 05:34:25 PM
#39507   "Substantial income"... "Freestone has signed a lease agreement RedShoulder 03/07/19 05:19:28 PM
#39506   Agree. Hoping for more positive updates and RJ Trotts 03/07/19 05:13:30 PM
#39505   FSNR closed up 76% at .03 on good RedShoulder 03/07/19 04:07:04 PM
#39504   Well almost back to .03? Need something more welloff 03/07/19 03:54:28 PM
#39503   FSNR made the OTC daily advancer list, coming RedShoulder 03/07/19 03:23:32 PM
#39502   Great seeing that PR, lets hope we see RJ Trotts 03/07/19 03:05:15 PM
#39501   Freestone Resources Announces Recent Major Positive Developments and Agreements RJ Trotts 03/07/19 03:03:58 PM
#39500   Lol Funny what a little spark will kindle ?? Dad4487 03/07/19 03:03:22 PM
#39499   There were several good news items in the RedShoulder 03/07/19 02:23:59 PM
#39498   Could be, maybe, finally something? welloff 03/07/19 01:42:35 PM
#39497   Looks like a buy Something Dad4487 03/07/19 01:41:16 PM
#39495   FSNR News Today! ReLoad25 03/07/19 01:17:45 PM
#39494   Could be a time to buy? Dad4487 03/05/19 12:35:05 PM
#39493   Wow. Subpenny? welloff 03/05/19 11:48:16 AM
#39492   Manipulated for a buy to average down Dad4487 02/28/19 05:28:23 PM
#39491   Bump down today on nothing? welloff 02/28/19 04:46:05 PM
#39490   Lol, I understand, it’s like listening to the welloff 02/20/19 05:30:17 PM