Foy-Johnston Enters Into Negotiations for Producing Properties With Expanded Producing Possibilities
13 3월 2010 - 6:00AM
Marketwired
Foy-Johnston Inc. (PINKSHEETS: FOYJ), through its wholly owned
subsidiary Liquid Gold International, has entered into negotiations
to acquire additional producing oil properties in areas where heavy
oil deposits are prolific that can best utilize the enhanced oil
recovery technology.
These potential acquisitions are consistent with Foy-Johnston's
new strategy of adding quality long life reserves. We are looking
at properties that will have greater than five year reserve life
left in them once our enhanced oil recovery technology is utilized
to bring new life to the well. The areas that we are negotiating
are in California, Texas, Oklahoma and Kansas, all known oil
producing regions and all known regions that have heavy oil
deposits and reserves.
"Now we are working on the acquisition phase of the EOR strategy
which will result in giving the company additional sustainable long
term revenue streams," stated Winay Sangsomborn, President of
Foy-Johnston Inc.
About Foy-Johnston Inc.
Foy-Johnston is a venture capital firm that specializes in
discovering and exploiting new technologies that have enormous
commercial application and explosive revenue potential. The Liquid
Gold International enhanced oil recovery system presents those very
qualities that Foy-Johnston's management team has identified to
meet those criteria. Our website is www.foyj.us
Forward-Looking Statements
Please be advised that statements made herein, other than
historical data, constitute forward-looking statements that involve
risks and uncertainties that could cause actual results to differ
materially from those stated or implied by such forward-looking
statements. The potential risks and uncertainties include, among
others, potential volatility in the company's stock price,
increased competition, customer acceptance of new products and
services offered by the company, and uncertainty of future revenue
and profitability and fluctuations in its quarterly operating
results. Please also be advised that the company's stock is not
currently registered with the Securities and Exchange
Commission.
Contact: Investor Relations E-mail: info@foyj.us URL:
http://www.foyj.us
Foy Johnston (CE) (USOTC:FOYJ)
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Foy Johnston (CE) (USOTC:FOYJ)
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