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Fox Petroleum to seriously review international residual oil acquisition


Published Mar 16, 2012
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Fox Petroleum reports expansion of Board of Directors

Fox Petroleum Inc. declared that it is seriously reviewing a large residual oil and acquisition currently based in Venezuela.

"We are being approached on a weekly basis with crude leftovers and we are beginning to see a consistent oil arbitrage plays on a global level," said James Renfro, Chief Executive Officer of Fox Petroleum. "This Venezuelan acquisition can immediately do 100,000 barrels per month and has all export authorizations and comes from one of the leading oil companies in the world based within Venezuela," he added.

Renfro Energy LLC is a Dallas, Texas based limited liability company formed in March, 2002 as an asset holding company to house existing oil and gas assets located in Texas, Oklahoma and for acquisitions identified in Louisiana. Since 1995, Renfro Energy LLC and its predecessor company have bought and sold over $6 million of oil and gas properties through approximately fifteen acquisitions.

Tags: Fox Petroleum Inc.



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