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FXPT

FXPT: Fox Petroleum Inc is Today's Low Float Oil Penny Play.

 

 

Symbol: FXPT

Current PPS: $0.0254

Outstanding Shares: 128.17M

Float: 26.3M

Avg. 10 Day Volume: 2M

About the company:

FXPT a New York based Oil and Gas Company, specializes in the identification, acquisition, exploration, and development of prospective oil and gas properties. FXPT's resources and capital are focused mainly in Cameron Parish, Louisiana. This location plays host to an experienced staff and infrastructure that provides FXPT with a serious competitive advantage. The size and scope of the projects in Cameron Parish are significant enough to provide FXPT with profitable opportunities far into the future.

FXPT has most recently gained the attention of savvy oil stock investors through their strategic acquisition of Renfro Energy LLC. and Cameron Parish Pipelines LLC.

The acquisitions have already proved to be a great success for FXPT, based on the recent 3-D seismic data results that were released two weeks ago. The results concluded the potential for the production of up to 500,000 barrels of oil on Renfro Energy's Cameron Parish School Board lease.

In addition to this positive news FXPT announced on Friday that Cameron Parish Pipelines LLC has re-acquired all four wells that are in the Cameron Meadows Field that were previously orphaned by Louisiana's Office of Conservation. Well Serial numbers, 215451, 216036, 224358, and 235233 are welcomed additions to FXPT's commitment to acquiring wells with tremendous oil production potential. The recent acquisition of these wells could increase FXPT's oil reserves to close to 1,000,000 barrels.

PennyStockLocks's "Key Points" to FXPT's success:

  • With FXPT's current PPS of $0.0254 investors find themselves in a perfect position to grab up some shares of an in demand oil stock at a discount price.
  • In this current down economy oil companies continue to see record profits.
  • Investors can find comfort in the fact that FXPT is up to date on all SEC Filings.
  • FXPT takes long term approach towards maximizing oil and gas reserves while optimizing the efficient use of capital without regard to its effects on short term stock valuations.
  • FXPT operates under a very streamlined management structure which provides the ability to make decisions very quickly which is an important quality to have in an industry that rewards companies that produce timely results.
  • FXPT maintains a low overhead in order to weather the down cycles that inevitably occurs in the oil and gas industry over time.
  • With its low float FXPT’s stock has the potential for huge gains in a short amount of time for investors looking to profit in the short term.
  • Despite popular belief big oil does not dominate the oil market. Independent oil and natural gas producers like FXPT typically employing fewer than 20 employees—drill  85% of the nation’s wells and produce 65% of the natural gas and nearly 40% of the oil.
  • U.S. is the world’s second largest producer of natural gas, and third largest producer of oil.
  • The demand for oil will be even greater in the upcoming years with the emergence of the economies of Brazil, Russia, India, China and South Africa. Small oil producers like FXPT could profit from the increased demand brought on by the need of supplying these growing countries with gas and oil.
  • Our nation's energy security will continue to depend on sufficient supplies of oil and natural gas to support U.S. and global economic growth
  • With industry experts citing the price per barrel to rise substantially over the next few years the potential for massive profits for FXPT and their shareholders looks very promising.

Please take the time to view FXPT's chart and read their latest press releases below... We are urging members to pick up some shares of FXPT early 9:30 am EST!!!

Website: www.fox-petroleum.com

Fox Petroleum Announces Re-Acquisition of Wells

9:15a ET September 29, 2011 (Market Wire)

Fox Petroleum Inc. (OTCQB: FXPT) (PINKSHEETS: FXPT) announced today that Cameron Parish Pipelines LLC has re-acquired all four wells that are in the Cameron Meadows Field that were previously orphaned by Louisiana's Office of Conservation.

"This action is consistent with our strategy to acquire Renfro Energy's Cameron Parish School Board lease and fully develop and exploit potential oil reserves from 200,000 to 500,000 barrels," said James Renfro, President of Fox Petroleum.

The company has announced that Well Serial numbers, 215451, 216036, 224358, and 235233 all located in the Cameron Parish School Board property are available on http://sonris.com/ for further viewing.

"We are continuing our efforts to raise funding in order to consummate the acquisition and development of these properties and we expect to begin audits on both acquisitions within the next ten days," said William Lieberman, Chief Executive Officer of Fox Petroleum.

Renfro Energy LLC is a Dallas, Texas based limited liability company formed in March, 2002 as an asset holding company to house existing oil and gas assets located in Texas, Oklahoma and for acquisitions identified in Louisiana. Since 1995, Renfro Energy LLC and its predecessor company have bought and sold over $6 million of oil and gas properties through approximately fifteen acquisitions. The assets are located in Johnson Bayou, Louisiana on the northern flank of the Cameron Meadows Salt Dome.

Fox Petroleum expects to complete the transaction of both Renfro Energy LLC and Cameron Parish Pipelines LLC by October 31, 2011 upon completion of PCAOB audits.

Fox Petroleum Announces Preliminary Estimates From 3-D Seismic

4:18p ET September 19, 2011 (Market Wire)

Fox Petroleum Inc. (OTCQB: FXPT) (PINKSHEETS: FXPT) announced today that one of the shut in wells currently at Renfro Energy LLC's Cameron Meadows lease, can be used to sidetrack to a prospect that was identified by 3-D seismic data.

"We have had 3-D seismic on this property for over five years," said James Renfro, President of Fox Petroleum. "The zones we are investigating through the 3-D seismic have reserve potential of 200,000 to 500,000 barrels of oil," he added.

Renfro Energy LLC is a Dallas, Texas based limited liability company formed in March, 2002 as an asset holding company to house existing oil and gas assets located in Texas, Oklahoma and for acquisitions identified in Louisiana. Since 1995, Renfro Energy LLC and its predecessor company have bought and sold over $6 million of oil and gas properties through approximately fifteen acquisitions. The assets are located in Johnson Bayou, Louisiana on the northern flank of the Cameron Meadows Salt Dome.

Fox Petroleum expects to complete the transaction of both Renfro Energy LLC and Cameron Parish Pipelines LLC by October 31, 2011 upon completion of PCAOB audits.

Forward-Looking Statements

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward-Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.

These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

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