Fima Inc.

December 20, 2012 07:30 ET

Fima Announces Entering Into a Purchase Agreement for the Purchase of a Drilling Rig for $275,000

DALLAS, TX--(Marketwire - Dec 20, 2012) - Fima Inc. (PINKSHEETS: FIMA), through the wholly owned subsidiary American Eagle Operating, LLC, announces it has signed a Purchase Agreement to acquire a drilling rig from Petro Star Oil Company for $275,000. The purchase price will be satisfied with cash and a promissory note. The purchase of the rig will enhance the drilling program that was previously referenced, to increase the production on the leases it purchased in Wichita County, Texas. Management expects the utilization of the drilling rig will help control cost on drilling developmental wells along with generating additional income through contract drilling for other operators.

This news release contains forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements.

Contact Information

  • For more information please contact:

    Mr. Keith Alexander, Jr.
    Email Contact

    Mr. Marco Garduno Chavez
    Email Contact