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Friendly Energy Exploration (fka FEGR) RSS Feed

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FEGR
 
Welcome To Friendly Energy Exploration
 
Friendly Energy Exploration engages in the acquisition, exploration, and development of oil and gas properties in the United States. Our primary focus is on acquiring leases and wells in established fields to minimize risk, especially leases that have been poorly operated or shut in and that can be put back into production. In some instances, the Company will joint venture to further minimize risk and to add to its reserve base more quickly with a target to produce over 300 barrels per day in 2013.
 
The Company has acquired five oil & gas leases comprising 1,800 acres in Central Texas, 80 acres in North Central Texas, and 350 acres in South Texas.  There are 34 production wells on the leases. The fields all have multiple, proven oil and gas bearing formations in addition to the ones from which they are producing, and with secured acreage, there are many opportunities for additional drilling.
 
In addition to the wells in operation, the Company has targeted 6 more existing shut in wells to place into production before March, 2013. Total production is estimated to be 100 barrels per day as a result of testing additional proven oil bearing formations within the existing well bores. This includes gas in 'equivalent' barrels. The Company also plans to drill at least four new wells in 2013 as further development of the existing leases continues.
 
Friendly Energy Exploration ( The ´´Company`` )  was formed under the laws of  the State of Nevada on January 7, 1993, under the name Eco-Systems Marketing ( ´´Eco-Systems`` )  subsequently changed its name to Rama Financial Coporation in August 1997. In April 1999, the Company´s name changed to Friendly Energy Coporation and then again to Friendly Energy Exploration in March 2008. The Company is a fully reporting public Company. On March 9, 2000, the Company formed a wholly owned subsidiary named Friendly Energy Services, Inc. All Oil and Gas activities are conducted through this subsidiary except for work over and drilling operations. On March 3, 2010 the Company formed a wholly owned subsidiary named Friendly Energy Drilling, Inc. All major work over and drilling operation are conducted through this subsidiary.
 
Our Business 
 
The Company was originally incorporated to engage in any lawful activity for which corporations may be organized under the General Corporation Law of Nevada. From its inception in 1993 until 2005, the Company was primarily engaged in establishing itself as an electric service provider (“ESP”) for electricity in California after the State deregulated power. A few years later, the State reversed course and put ESPs out of business. Subsequently, the Company began marketing cogeneration equipment to companies concerned about high electricity prices and brownouts. For several years, the Company was dormant and then in 2005, it began investing in oil and gas joint ventures. 
 
The Company is now in the business of oil and gas exploration and operations, and has found a niche market acquiring leases in established, low risk oil fields which have been poorly operated and shut-in. In the past four years, the Company acquired four oil and gas leases in Texas. The Company is a registered, “bonded” operator in Texas (Operator No. 286572). Therefore, the Company is in full control of all operations. 
 
Overview and Mission 
 
Our primary focus is on acquiring leases and wells in established oil fields to minimize risk. We expect to build share value through revenue from oil & gas wells . The Company’s four oil & gas leases have several proven oil and gas zones, and there are many opportunities for in-fill drilling. The Company plans to acquire additional leases in the future. 
 
 

 

All Friendly Energy Exploration ( FEGR ) Company Executives
 
Douglas Tallant
President / CEO
 
Douglas Tallant has owned several businesses including the largest automobile dealership in Denver and physical therapy clinics in Denver and Oklahoma City. He has formed and managed several public companies including Questex, the developer of the original breathalyzer, and Entec, the developer of a toxic water remediation process that was sold to Bechtel Corporation. Mr. Tallant has a Bachelor of Science degree in Mechanical Engineering from the University of Oklahoma. 
Douglas Tallant is the Chief Executive Offi of Friendly Energy Services, Inc.. Douglas's additional corporate interests include Friendly Energy Exploration located in Carson City, NV . Douglas's past corporate affiliations include Ok Ventures, LLC, Friendly Energy Drilling, Inc. and three others.
 
Executive Compensation
 
As President, CEO and Director at FRIENDLY ENERGY EXPLORATION, Douglas Tallant made $180,000 in total compensation. Of this total $180,000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $0 came from other types of compensation. This information is according to proxy statements filed for the 2012 fiscal year. 
 
 
 
Donald Trapp
Chief Financial Officer
 
Donald Trapp has bought and sold oil and gas leases, operated oil wells, and been the General Partner of four oil & gas partnerships in New Mexico. Mr. Trapp has a Master of Science degree in Nuclear Engineering from M.I.T.
Donald Trapp serves as the Director and has interests in other corporate entities including Friendly Energy Exploration, Savoy Systems Corporation . Donald's past corporate affiliations include Ok Ventures, LLC, Merus Energy Corporation , and Confident Care Services, Inc .
 
Executive Compensation
 
As CFO, Secretary, Treasurer and Director at FRIENDLY ENERGY EXPLORATION, Donald Trapp made $60,000 in total compensation. Of this total $60,000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $0 came from other types of compensation. This information is according to proxy statements filed for the 2012 fiscal year. 
 
 
D. Rick Hutchins
Chief Operating Officer

Rick Hutchins has been involved in the oil and gas business in Texas and Oklahoma for over forty years and is from a family whose involvement in the business began in 1926.  He was largely responsible for the discovery of one of the largest Mississippian Age reefs in Texas and one of the largest gas fields ever discovered in Brown County, Texas, because of his geologic evaluations in the early 1980's.  Mr. Hutchins has provided geological and mapping consulting services for several oil and gas companies.  He was also one of the founders of a risk management/insurance company which specialized in oil and gas risks and lease evaluations.   Mr. Hutchins has a Bachelor of Science degree in psychology and a Ph.D. degree in psychology with a minor in geology from the University of North Texas.  After earning his Ph.D., he audited a number of courses in geology at the University of Texas at Arlington.

Heather VanDorn
Comptroller
 
 

Friendly Energy Exploration is a Nevada Domestic Corporation filed on January 7, 1993. The company's filing status is listed as Active and its File Number is C139-1993. 

The Registered Agent on file for this company is Corporate Services Of Nevada and is located at 502 North Division Street Carson City, NV 89703.

The company has 2 principals on record. The principals are Donald Trapp from Carson City NV and Douglas Tallant from Carson City NV.


http://www.bizapedia.com/nv/FRIENDLY-ENERGY-EXPLORATION.html

Friendly Energy Services, Inc. is a Texas Corporation filed on October 14, 2009. The company's filing status is listed as In Good Standing Not For Dissolution Or Withdrawal and its File Number is 0801182248. 

The Registered Agent on file for this company is Incorp Services, Inc. and is located at 815 Brazos, Suite 500 Austin, TX 78701. The company's principal address is 502 N Division St Carson City, NV 89703-4103.

The company has 2 principals on record. The principals are Donald Trapp from Carson City NV and Douglas Tallant from Carson City NV.


http://www.bizapedia.com/tx/FRIENDLY-ENERGY-SERVICES-INC.html

 
 
All FEGR Security Details
 
Shares Outstanding 32,140,807 a/o Mar 12 2013
Float: 28,52M
Authorized Shares: Not Available
Par Value: 0.001
 
Shareholders
Shareholders of Record 589 a/o Mar 29, 2012
 
Security Notes
Capital Change=shs decreased by 1 for 25 split Pay date=03/24/2008.
Capital Change=shs decreased by 1 for 20 split. Pay date=12/17/2012.
     
 
!!!MORE EFFICIENCY AND MINIMIZE RISK!!!
 
 
Our Oil and Gas Properties
 
Our four oil and gas leases in Texas consist of the following:
 
Byler Lease: The Byler lease totals 372 acres of which approximately 57% is in a defined Fry Sand oil field. The Fry sand is at a depth of 1,300 feet and is part of the Strawn Series which is a prolific oil producer in the region. The Byler lease also contains the Marble Falls Limestone which is part of the lower Pennsylvanian System at approximately 2,300 feet. Of the 17 existing wells on the lease, two are water injection wells, eleven are Fry wells and four are Marble Falls wells. The Company has installed a new tank farm and three new pump jacks. As at December 31, 2012, there was no production on the property. (Marketwire - Feb 8, 2013) - Friendly Energy Exploration (OTCBB: FEGR) is pleased to announce it has signed a letter of intent to purchase 45% of the working interest of the Jacks B Oil & Gas Lease in Young County, Texas. This is an 80 acre lease with 22 oil wells. The company expects to finalize an agreement within 10 days. Doug Tallant, President of Friendly Energy, stated, "The Jacks B Lease is currently producing 19 barrels per day from less than half of the wells. The remaining wells are expected to be reworked in the next two months. This will significantly increase production." In 2009, the Company purchased, through its wholly-owned subsidiary, a 100% interest in oil and gas properties in central Texas for $33,650. 
 
Hutchins Lease: The Hutchins lease totals 194 acres of which approximately 30% is in defined oil fields.  The Company’s lease is for the upper production zones included the Fry Sands. We expect to reenter the one of the Fry Sand wells. There is good potential for in-field drilling. A new tank farm and other infrastructure are needed on the Hutchins lease. The Hutchins #1 was drilled in May 1983 as a Wildcat. After drilling through three zones indicating excellent potential, the Hutchins encountered a hydrocarbon bearing formation at 2,280 feet. This had not been encountered in any other well in Brown County. The Hutchins well is credited with being the discovery well for one of the largest productive Mississippian reefs in the state of Texas. It is also credited as the discovery well for one of the most productive fields discovered in Brown County in the last half of the century. In 2009, the Company purchased, through its wholly-owned subsidiary, a 100% interest in oil and gas properties in central Texas for $2,400.

D. R. HUTCHINS Lease Form W-1




South Thrifty Lease: The South Thrifty lease totals 1,000 acres of which approximately 54% is in defined oil fields. There are five Chappel Reef and Ellenberger oil wells and eighteen Chappel Reef gas wells. There is also a water injection well. One of the wells had an initial potential of 792 barrels per day.  Cheap and used casing was installed, which created a hole after only a short time and reduced production to 50 barrels per day and eventually zero. There is good potential for in-field drilling. The South Thrifty lease has five tank farms.  The other wells need some work. Friendly Energy’s South Thrifty Lease has a history of production. Since the field opened in the 1980′s, there have been more than 180,000 barrels of oil produced and over 4.1 billion cubic feet of natural gas produced from this field. South Thrifty could have a minimum of 2 million and up to 7 million barrels of recoverable oil and is a very good candidate for enhanced oil recovery by conducting a water flood. South Thrifty Lease - In the first quarter of 2010, the Company purchased, through its wholly-owned subsidiary, a 50% interest in oil and gas properties in central Texas for $67,500. 
 
Tyra Lease: Tyra Lease - In the last quarter of 2012, the Company acquired, through its wholly-owned subsidiary, a 51% interest in oil and gas properties in north central Texas for $10,000. The Tyra lease was acquired in the fourth quarter of 2012. It totals 20 acres and has one well. There is potential for a second in-fill well.


 
 

FRIENDLY ENERGY SERVICES

 

 
Company : FRIENDLY ENERGY SERVICES, INC.
Address: 2610 LINN STREET
Phone : (361) 765-9323
City : CORPUS CHRSTI
State : Texas
Zip : 78410
Alternate Phone : (361) 765-9323
Texas RRC Number: 286572



 
 
   
 






 

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