Freestone Resources Inc. (fka FSNR)

[Peak Oil]

The momo crowd will be here on this news,

when they hear there are contracts with foreign national oil companies and major oceanic shipping companies:

"...A key use example of Petrozene is its use in oil tankers. During the transport of oil, the tankers accumulate a vast amount of oil waste buildup, which costs millions of dollars in cleanup fees and downtime. This cleanup must be done multiple times a year. Along with the oil, Petrozene can be added to the oil tankers prior to transport and will reduce, even eliminate, the need for such costly cleanups.

"...To date, Petrozene has been used in approximately 20 oil storage tanks to aid in the removal and extraction of accumulated tank bottom sludge. With proper application and treatment, these tests have shown Petrozene to be one hundred percent effective in clearing tank bottom sludge and allowing for the sale of previously unusable oil.

Petrozene has also shown unbelievable results in treating shallow oil wells with paraffin restriction in the production tubing or in the perforated formation. After treating over 25 wells, Petrozene has been shown to produce up to 400% increase in oil production in these wells, with an average of a 200% increase in barrels of oil per day per well. The potential market for Petrozene is huge. In the state of Texas alone, there are over 40,000 producing oil wells that could benefit from Petrozene. We expect the future domestic market to be very lucrative, especially due to the recent remarks made by President George W. Bush during the 2007 State of the Union address, calling for the U.S. oil industry to "step up domestic oil production in environmentally sensitive ways" (see State of the Union 2007).

Petrozene is now being actively marketed by authorized sales representatives placed in key markets throughout the United States and abroad. Freestone has recently signed agency agreements for sales agents in California and Texas, and is directly engaging potential clients in Yemen, the United Arab Emirates, and Libya. We are primarily focusing on solutions for tank bottoms, high paraffin oil wells, oil transport and refineries. Our agents have already contacted dozens of potential end-users and have distributed hundreds of gallons of sample product for operational tests and lab analysis...."

I will miss these quiet days and buying on the bid. When the momo crowd arrives here, we will stop buying and forget about FSNR for 3 months. I will check back near the end of summer to see how FSNR is doing and laugh at the flipping fools. Owning this stock will be immensely more profitable than renting it for a weekend. THAT's how "the rich get richer and the poor get poorer." LOL

P.S. Note "strategic oil refineries" in the following article- something that I have thought for years- government refineries that can be BUILT and where production can be ramped up when private refineries are damaged or down for repairs:

http://biz.yahoo.com/ap/070516/gas_demand.html?.v=6