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(OTC BB: FSNRE)
Clayton Carter, CEO
Freestone Resources, Inc. is involved in the sale and marketing of a solvent known as Petrozene, which breaks down paraffin, disperses oil tank sludge and has other industrial-use qualities. Freestone Resources, Inc. is a distribution company that has purchased oil and gas properties for experimental studies concerning its solvent, Petrozene. The Company has been engaged in laboratory and oil field testing of Petrozene. Most tests of Petrozene has involved treatment for paraffin and asphaltine elimination within oil tank bottoms, oil flow lines, oil production tubing, well bore and oil formation strata. Petrozene inhibits corrosion, removes scale, dissolves iron sulfide and decreases the viscosity of oil. The Company’s well assets and leases were purchased for the purpose of testing Petrozene. These leases contain wells that have paraffin and asphaltine problems.