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Fox Petroleum in negotiations with central Texas oil company


Published Mar 21, 2012
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Fox Petroleum reports expansion of Board of Directors

Fox Petroleum Inc. reported that it is negotiating with a central Texas based oil company to take over existing operations of oil leases located in the Grand Cheniere Field in Cameron Parish, Louisiana.

Currently the property has one oil well that can produce approximately 10 barrels a day (bopd) and one salt water disposal well.

"This transaction should provide Fox with long term operating income as well as a small working interest ownership. An opportunity to purchase additional working interest and joint involvement in other projects is also contemplated," said James Renfro, President of Fox Petroleum.

Tags: Fox Petroleum Inc.



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