FOGC======operates in two arenas under two subsidiaries. The company's main subsidiary Cressent Energy Inc. is an independent oil and gas company actively engaged in the exploration, development and production of oil and gas in the state of Texas. Cressent Energy is dedicated to being environmentally responsible. The company places emphasis on the health and safety of the areas where they drill. The company currently operates 12 running wells, and holds 16 oil and gas leases. The company continues to bringing oil and gas wells back to production, aiming to revive up to 34 wells in 2011. Once finalized, the company expects these wells to pump up to 70 barrels of oil a day.
ALTA MINING INC. is a mining exploration company and another subsidiary of FOGC. ALTA explores for new deposits of precious minerals on the early stage exploration properties that are believed to have significant potential for finding large mineral deposits.
FOGC's principal focus is to work on properties that tend to be explored in past thus showing a highly prospective geology, with significant potential for bearing an economically viable mineral deposit. There is no reverse split planned for the company, nor any toxic financing planned. The company has made available sufficient funds and resources available through its preferred shareholder, to be a vibrant and operational company.
Make sure to keep this oil and gas company on your radar for Wednesday, 6-8-11.
