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Freestone Resources Inc. (FSNR)

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Last Post: 5/15/2019 8:43:21 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:

Current Price
Bid Ask Day's Range
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  • 2M
  • 3M
  • 6M
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FSNR News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 05/15/2019 03:02:23 PM
FSNR News: Current Report Filing (8-k) 04/04/2019 03:54:04 PM
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
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
#39596   It was a nice move up at the RedShoulder 05/15/19 08:43:21 PM
#39595   I agree..... Still, I'd rather see it go Steady_T 05/15/19 07:58:08 PM
#39594   This stock is bouncing all over the place RJ Trotts 05/15/19 07:24:51 PM
#39593   It is bouncing around for sure. Great RJ Trotts 05/06/19 03:48:07 PM
#39592   RJ, the ask is now: CSTI at 0.048 and RedShoulder 05/06/19 03:43:38 PM
#39591   I did see the ask stay at .039 RJ Trotts 05/03/19 11:53:49 PM
#39590   Glad to see the buys getting hit around. RJ Trotts 05/03/19 06:18:13 PM
#39589   A whopping $300 clams traded hands. I guess pseeker 05/03/19 05:04:06 PM
#39588   All 9,797 bought today at .0318 in a RedShoulder 05/03/19 04:11:45 PM
#39587   Very nice to see someone is buying some RJ Trotts 04/30/19 03:26:13 PM
#39586   You are welcome. Steady_T 04/25/19 10:35:32 PM
#39585   Thank you for the information Have a good night Dad4487 04/25/19 10:31:30 PM
#39584   Hey, anyone predict Fsnr would never hit .03? welloff 04/25/19 10:27:11 PM
#39583   Looks like you educated a few, ... or RedShoulder 04/25/19 10:22:23 PM
#39582   From TDAmeritrade. Steady_T 04/25/19 07:37:49 PM
#39581   First the question does anyone short a 3 Dad4487 04/25/19 04:52:52 PM
#39580   You do know that most brokers require $2.50 Steady_T 04/25/19 04:10:50 PM
#39579   The question is does anyone short a 3 Dad4487 04/25/19 04:01:06 PM
#39577   Oh really, I must have missed it. What Steady_T 04/25/19 02:23:58 PM
#39576   And the answer was in plain sight! So welloff 04/25/19 02:14:58 PM
#39575   But the question was “Does anybody short a Steady_T 04/25/19 02:13:15 PM
#39574   “Does anybody short a 3 cent stock?” Is freestone welloff 04/25/19 01:59:09 PM
#39573   I love the .02 and .025 shares. RJ Trotts 04/25/19 01:42:57 PM
#39572   Does anybody short a 3 cent stock? Steady_T 04/25/19 01:04:09 PM
#39571   I agree, there’s really nothing solid from the welloff 04/25/19 11:32:48 AM
#39570   Nice to see some buys. I just RJ Trotts 04/25/19 10:41:35 AM
#39569   Nice to see some buys. I just RJ Trotts 04/25/19 10:41:28 AM
#39568   All is going on is shorting and averaging down Dad4487 04/25/19 10:33:26 AM
#39567   All buys today at the ask of .03 RedShoulder 04/24/19 07:51:30 PM
#39566   Well that’s certainly more credibility than Fsnr management! welloff 04/24/19 02:18:53 PM
#39565   That report has as much credibility as the pseeker 04/24/19 02:03:21 PM
#39564   All of yesterday’s volume was shorts! https://otcshortreport.com/company/FSNR welloff 04/24/19 01:14:04 PM
#39563   Looks like some more blowing? Dad4487 04/24/19 11:03:09 AM
#39562   Someone blew some money on this stock, it Sax 04/23/19 06:29:01 PM
#39561   I see the Fsnr website hasn’t been updated? welloff 04/08/19 01:25:32 PM
#39560   I wonder if Mr. Babb left on “good” welloff 04/04/19 09:32:31 PM
#39559   Piece by piece the Fsnr ship is breaking welloff 04/04/19 07:22:29 PM
#39558   Fsnr management dropping out like flies! I wonder if welloff 04/04/19 04:04:58 PM
#39557   Just before EncapSol come out I think it Dad4487 04/02/19 12:37:15 PM
#39556   Looks like Fsnr could creep down to a welloff 04/02/19 09:54:37 AM
#39555   Well That’s the Freestone way Dad4487 03/28/19 10:45:12 PM
#39554   I don't know what that means. leemalone2k3 03/28/19 08:57:54 PM
#39553   In other words: What has never been before Dad4487 03/28/19 11:01:55 AM
#39552   Well stated Sir! welloff 03/27/19 10:00:36 PM
#39551   Here’s a constant that has materialized every time. leemalone2k3 03/27/19 09:55:56 PM
#39550   “Freestone has arranged for purchasers of the shreds welloff 03/27/19 08:58:34 PM
#39549   Signing a lease means nothing. I’ve signed a lease Dad4487 03/27/19 08:55:22 PM
#39548   Bad source. Do you have anything from a pseeker 03/27/19 03:44:59 PM
#39547   Lol, I wonder if it will generate as welloff 03/27/19 03:29:13 PM
#39546   "Freestone has signed a lease agreement with a RedShoulder 03/27/19 12:16:30 PM