“Fox Petroleum announced that it is acquiring Renfro Energy LLC and Cameron Parish Pipelines LLC for three-hundred thousand dollars ($300,000) in cash.”
Among all of the pipeline encounters and devastating accidents the Fox Petroleum is proudly to announce of their $300,000 full on cash for this Renfro Energy LLC as well as Cameron Parish Pipelines LLC which will start producing between 15-20 barrels a day which adds to 600 barrels per month.
Renfro Energy LLC is located in Dallas, Texas, which developed in March of 2002. (In the article: http://finance.yahoo.com/news/Fox-Petroleum-Acquire-Renfro-iw-981621205.html?x=0%20ForceRecrawl:%200). They’re based at a limited liability hold a house existing oil and gas assets which is located in Texas, Oklahoma and for acquisitions identified in Louisiana. They sold over $6 Million of oil and gas properties through approximately 15 acquisitions.
This project will significantly lead to the bottom line and being how the cost will be at a decent price for a long term asset which will continue to have a great value. (In the article: http://www.rigzone.com/news/article.asp?a_id=110891) This company expects to complete the transaction by October 31st, 2011 upon completion of PCAOB audits. Investors are cautioned that all forward-looking statements involve risks and uncertainties, so 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, that is if they decide to mandatory the statements.