Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm sure there is, and I don't believe any of it is real. Very interesting that you have all this inside information.
first off, there are 4 wells. these are the same 4 wells from the brazos deal
http://www.marketwatch.com/story/fox-petroleum-announces-terms-of-oil-and-gas-acquisitions-2011-09-13
Currently there are four wells on the property, two oil wells, one salt-water disposal and one shut in well with future utility," said James Renfro, President of Fox Petroleum Inc.
I didn't find it. Admiral did
when jim was at brazos, you said the wells weren't his. now at fxpt the same wells are now jim's. doesn't make sense.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66723810&txt2find=friend
you tell me
Wow, these lawsuits just seem to follow this group around. I especially like the comment below. I'm fully expecting to hear the same thing from Renfro some day. lol
"I lost a quarter of a million dollars on it, and I can prove that," Palmero said.
"I didn't have anything to do with raising the money. All I did was drill the wells."
http://findarticles.com/p/articles/mi_qn4182/is_20000111/ai_n10135030/
I believe it is only closed for Ronald P. Kubicki at this point.
Haven't been able to figure out what other leases he may have. Renfro has made claims of leases in Texas and Oklahoma, but several of us have been unable to track down anything that is currently his.
MC1 has even said that the school board leases aren't even owned by Renfro, and that he is working them for a friend. This might be true as the lease doesn't trace fully back to Renfro. I suspect this might somehow tie back to Tim Washington and Alpine Energy. Perhaps Renfro is using his lease to "sell" to fxpt?
There is nothing to draw anyone to FXPT except for fluff PRs, which attract flippers.
as long as people make their decisions based on the truth, I'm all for it.
I'm only responsible for my own posts. don't know the context of what was going on there, or whether or not it was accurate
You said you're here to get in at .02 and take another ride.
I say, that won't happen.
Beat down all you want...you alone won't get this back to .02.
a shut in well means that JR actually got the well up to code, and that the well has passed inspection, yes?? thats good news, not bad news...
you told the world that Renfro didn't have rights to the wells. now Renfro is selling them to fxpt. how can you say that there is any value here when these wells don't belong to Renfro?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66723810&txt2find=friend
proof of the audit. was it done? or not? i'd like real evidence, but I already know you will blame sam. I'd just like proof.
sorry, your sentence makes no sense. please provide evidence to back up your claims. i'm seeing orphaned wells that you claim renfro doesn't even own
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66723810&txt2find=friend
please provide proof?
not sure how you are trying to deflect, but Renfro is trying to sell the same wells to fxpt that he tried to sell to brz*. what makes it worse is you claim Renfro didn't have the lease. this is a huge scam
Just wondering where this savvy oil man is getting his assets?
Why doesn't he own the wells he is selling??
MC1
Share
Wednesday, August 31, 2011 10:34:12 PM
Re: packerfanbud post# 31338
Post # of 32079
That's ok, no need to ask.
As for this, NO RESPONSIBLE PARTY/CORRESPONDENCE UNANSWERED, my thought would be it goes in line with what he told me.
The wells weren't his, they were underproducing and he wasn't going to put money into them. His friend didn't have the money to do it either. So that could explain the X.
lol, good one. On the surface it looked that way, but after months of research we all can see through it. He has nothing right now.
Ok, please tell me where I have posted anything that was wrong? When sharing DD I always supply a link. I've never once claimed to talk with anyone or share an email. Everything I've posted has always been verifiable.
Please share what is Jim about???
I also have a feeling I will be able to prove that the "new" news is a complete fabrication also.
It is too bad they aren't familiar with IHUB. They could save a lot of money.
As for the wells, you don't see the big picture yet. You will.
here is why this is a scam:
1. The wells are only going to produce a total of 13 barrels a day, at best?
2.What is Renfro's % interest in these wells? I bet it is less than 50%?
3. Why is he asking for only 42% of the asking price from fxpt with no shares from the company, when he was getting 480 million shares from BRZL?
4. the promos are touting information that is 5+ years old. I mean come on...
This is high level, it is easy to do with only a minutes worth of thought. This goes much deeper than that and you know it
It is about ethics and not seeing people get hurt. i got in at .014 and out at .046 the first time around. If it goes under .02 I'll get back in again.
Here is the thing, I know this is a scam from beginning to end. I know what is going to to happen here. Many people are going to play it as a pump and dump, which is fine. They know the risk ahead of time and are willing to gamble. There are others that will look at this and think that Renfro owns these wells and that they are going to be producing enough oil to be profitable. We both know that isn't true.
promising how? that a few are going to profit on a pump and dump of worthless assets, of which we don't even know what Renfro actually owns?
You know quite well this isn't news. Renfro even says that it is old information
"We have had 3-D seismic on this property for over five years," said James Renfro, President of Fox Petroleum.
There are questions about what Renfro's actual interest in the lease truly is. Either way these are the exact same wells that have been under producing for years. Only difference is now he is asking for only 300k and no ownership of the company. Strange isn't it?
there are zero long term winners of this deal outside of Trafalgar. They seem to be running this like Tony Soprano.
maybe you have identified who is behind the PR campaign -> Trafalgar
I knew the 8k said there would be an audit, I'm just not sure I believe it will happen.
here is something I didn't realize.
upon the completion of PCAOB audits of both companies
I would guess there is no audit, or it is already done. I think the date is being used to create interest, and cause a run up for the dilution.
true. I expect the run up to the deadline will be interesting.
too risky for me. I would get back in under .02. I just don't want to get caught when the dilution starts. I agree that it could hit .10, but not willing to take the risk. You just never know when the hammer will drop.
pictures don't make debt disappear.
Is a real company defined by having $23 million in debt, no assets, and no revenue? If so then, congrats on finding this gem. People are buying this speculating that they will pump it up. Nobody in their right mind thinks that this will turn into a company with real assets and revenue.
If those that are buying are knowingly gambling on the speculation, then good for them I hope they make money. I just hope nobody is talked into "investing" in this.
You are referring to the employment agreement that sam signed himself to. The 8k says it is restricted. I believe that would have precedence. Either way. Lets say he did sell his 3 million shares. Big deal. doesn't impact anything here. Lots of people on this board own more than that
we have been over this before. Sam's shares were restricted
On December 7, 2010, Brazos International Exploration, Inc. (the “Company”) entered into an Employment Agreement with Samuel G. Weiss (the “Weiss Agreement”) ratifying Mr. Weiss’s continued employment by the Company as its CEO. Under the terms of the Weiss Agreement, Mr. Weiss is to be issued 3,000,000 shares of restricted common stock of the Company upon the signing of the Weiss Agreement. The term of the Weiss Agreement is for one year.
http://sec.gov/Archives/edgar/data/1420924/000109635010000148/f8k_weiss1.htm
Congrats to Jim on finding someone to partake in his scam of worthless oil wells.