Last $0.22 USD
Change Today -0.02 / -8.33%
Volume 31.3K
FSNR On Other Exchanges
As of 8:10 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

freestone resources inc (FSNR) Snapshot

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52 Week High
07/23/14 - $0.30
52 Week Low
06/13/14 - $0.04
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freestone resources inc (FSNR) Details

Freestone Resources, Inc., a development-stage company, is engaged in developing and marketing technologies and solvents for various sectors in the oil and gas industry. Its technologies could enhance oil and gas production in an environmentally responsible way. The company markets and sells Petrozene, a solvent derived from recycled hydrocarbons that could decrease paraffin buildup in oil and gas wells, as well as to clean oil storage facilities. Freestone Resources, Inc. is based in Dallas, Texas.

freestone resources inc (FSNR) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $38.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: --
Chief Investment Officer, Secretary and Direc...
Total Annual Compensation: $43.6K
Compensation as of Fiscal Year 2013.

freestone resources inc (FSNR) Key Developments

Freestone Resources, Inc. Reports Earnings Results for the Year Ended June 30, 2013

Freestone Resources, Inc. reported earnings results for the year ended June 30, 2013. For the period, net loss was $1.13 million, or $0.01 loss per share, compared to a net loss of $497,258, or $0.01 loss per share, for the year ended June 30, 2012. Total revenue was $8,983, compared to $5,705, for the year ended June 30, 2012. Net operating loss was $847,807, compared to a net operating loss of $466,188, for the year ended June 30, 2012.

Freestone Resources, Inc., Pajarito W&M, LP and International Aqueous Investment, LLC Partner for the Purpose of Developing Shale Oil and Gas Water Management Facility in Wilson County, Texas

Freestone Resources, Inc. announced the formation of Aqueous Services, LLC, a joint venture between Freestone Resources, Inc., Pajarito W&M, LP. and International Aqueous Investment, LLC for the purpose of developing a shale oil and gas water management facility in Wilson County, Texas. Freestone Resources will own a one-third interest in Aqueous Services, LLC, which has signed a Water Right's Agreement to produce from an existing equipped and permitted fresh water well on the Pajarito Ranch. The Water Right's Agreement allows Aqueous Services the right to produce up to 1,500 acre-feet of fresh water per year. Aqueous Services will immediately begin construction of a load out facility to begin selling fresh water, and will simultaneously be in development of a frac water and produced water recycling facility. The primary mission of Aqueous Services is to provide exploration and production companies with a full water management program that not only can provide a cost effective and constant supply of fresh water, but also promote the recycling of their produced and flowback water to advance sustainable environmental stewardship.

Freestone Resources Announces Expansion of its Water Division

Freestone Resources, Inc. announced that it is expanding its efforts in assisting exploration and production companies, as well as water resource companies with their water management activities. This includes the continued research and field testing of multiple water recycling technologies that can work together to not only be cost effective, but also promote environmental stewardship in the oil and gas industry. The company has reached an agreement with MEA Solutions to conduct all water-related activities within Freestone Resources. Freestone believes that this decision will allow for greater returns for investors on future water projects.


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