August 28, 2016 10:22 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Friendly Energy Exploration

Company Overview

Friendly Energy Exploration, an exploration stage company, engages in the acquisition, exploration, and operation of oil and gas properties in the United States. It has interests in 4 oil and gas leases in Texas, including Byler Lease covering 372 acres and consisting of 17 wells; Hutchins Lease covering 194 acres and consisting of 4 wells; South Thrifty Lease covering 1,000 acres and consisting of 5 oil wells and 18 gas wells; and Tyra Lease covering 20 acres and consisting of 1 well. The company was formerly known as Friendly Energy Corporation and changed its name to Friendly Energy Exploration in March 2008. Friendly Energy Exploration was founded in 1993 and is based in Brownwood, Texas...

4601 North Highway 279

Brownwood, TX 76801

United States

Founded in 1993

Phone:

702-953-0411

Key Executives for Friendly Energy Exploration

Chief Executive Officer, President and Director
Age: 71
Chief Financial Officer, Principal Accounting Officer, Treasurer, Secretary and Director
Age: 76
Compensation as of Fiscal Year 2016.

Friendly Energy Exploration Key Developments

SEC Revokes Registration Of Registered Securities Of Friendly Energy Exploration

An Administrative Law Judge has issued an Initial Decision of Default as to Friendly Energy Exploration The Initial Decision found that the company was issuer of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act), and the company failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and/or 13a-13 by not filing required periodic reports with the Securities and Exchange Commission (SEC). The Initial Decision finds these allegations to be true and revokes the registration of each class of the company’s registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.

SEC Orders Hearing On Registration Suspension Or Revocation Against Friendly Energy Exploration For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Friendly Energy Exploration for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

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