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Last $0.22 USD
Change Today 0.00 / 0.00%
Volume 1.0K
FSNR On Other Exchanges
As of 8:10 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

freestone resources inc (FSNR) Snapshot

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Day High
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52 Week High
11/10/14 - $0.26
52 Week Low
06/1/15 - $0.05
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Average Volume 10 Days
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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 can enhance oil and gas production in an environmentally responsible way. The company markets and sells Petrozene, a solvent derived from recycled hydrocarbons that can decrease paraffin buildup in oil and gas wells, as well as can be used 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: $49.6K
Chief Financial Officer, Treasurer and Direct...
Total Annual Compensation: --
Chief Investment Officer, Secretary and Direc...
Total Annual Compensation: $49.0K
Compensation as of Fiscal Year 2014.

freestone resources inc (FSNR) Key Developments

Freestone Resources, Inc. and Dynamis Energy, LLC Announce Joint Venture to Vertically Integrate the Petrozene Product Line

Freestone Resources, Inc. and Dynamis Energy, LLC announced a joint venture intended to vertically integrate the Petrozene product line. Petrozene, used as an additive, provides a cost-effective solution for dealing with tanker sludge, paraffin problems, storage tank maintenance, and more. Under the agreement, Freestone and Dynamis will share resources with the goal of normalizing supply of the chemicals necessary for the production and supply of Petrozene. Freestone and Dynamis have been working diligently for over a year to develop the strategy to complete this transaction, which will provide world-scale supply of the Petrozene product line. This transaction has resulted in the formation of Freestone Dynamis Energy Products, LLC (FDEP). The transaction includes the purchase of the C.C. Crawford Retreading Company, Inc. (CTR). CTR is located in Ennis, Texas and has been in the tire disposal and repair business since 1987. As a wholly owned subsidiary of Freestone, CTR will continue its ongoing operations and will be the catalyst for consistent feedstock for Petrozene. FDEP will be installing and operating a proprietary technology for Petrozene at the site. The necessary infrastructure for immediate operations of the technology is already in place at the CTR facility. The specific technology that FDEP will operate at the CTR site has been in commercial operation for several years, and its products have been utilized successfully to make Petrozene. Freestone and Dynamis have conducted substantial due diligence on the technology and are confident that implementation of the technology will provide Freestone the necessary control over the production of Petrozene. This consistent supply will provide opportunities to accept long-term contracts for large volumes of Petrozene sales. The technology will also produce other byproducts of value that can result in additional revenue streams.

Freestone Resources, Inc. Announces Auditor Changes

On February 11, 2015, Freestone Resources, Inc. dismissed The Hall Group, CPAs as the company's independent auditors. The company engaged MaloneBailey, LLP as the company's principle independent auditors to audit the financial statements of the company. The decision to change independent auditors was approved by the board of directors of the company.

Freestone Resources, Inc. announced delayed 10-Q filing

On 02/17/2015, Freestone Resources, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.


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