DALLAS, TX--(Marketwired - Jul 17, 2013) - Freestone Resources, Inc. (OTCQB: FSNR) would like to issue an update to its shareholders as the company culminates its 2013 fiscal year end.
First and foremost, the company is pleased to announce that its joint venture, Aqueous Services, LLC is fully operational, and has begun to sell fresh water at its Eagle Ford load out facility. Located in South Texas, the Eagle Ford Shale has become one of the largest single economic development areas in the history of the State of Texas, and ranks as the largest oil and gas development in the world based on capital investment. The indications are that the Eagle Ford will be developed for decades to come, and Freestone intends to play a significant role in providing and meeting the vast demands for water and other oil and gas services in the region.
Several million gallons of water per well are required for drilling in the Eagle Ford. The Aqueous' facility is equipped to handle the demand of the drilling community in the region with state-of-the art technology, and is capable of providing water to dozens of water trucks per day.
The Freestone management requests that any shareholder inquiries about the Aqueous' facility be directed to the Freestone Resources' office so that the Aqueous management and staff can focus on working with its customers and clients. Further facility updates will be posted directly to the Aqueous' website as the company continues to grow and sign up new clients.
After several years of researching suppliers, Freestone is pleased to announce that it has now found a new manufacturer for its revolutionary solvent, Petrozene. When Freestone first began marketing and selling Petrozene it was very well received by the oil and gas industry. It has been shown to positively affect many aspects of the oil and gas industry; from production and storage to end cycle refinement.
Predominantly used for paraffin buildup Petrozene can be used for pipelines, oil storage tanks, oil sludge build up, de-emulsifier, well treatment, as a corrosion inhibitor and as a catalyst in opening up formations thereby aiding in oil production. The buildup of paraffin causes many problems in the oil and gas industry such as clogging up lines, pump failures, pressure bursts, and seal failures. These can be dramatically reduced with the proper application of Petrozene. Freestone has already begun selling Petrozene to customers, and anticipates exponential growth of sales into the 2014 fiscal year.
About Aqueous Services, LLC:
Aqueous Services is a joint venture between Freestone Resources, Inc., Pajarito W&M, LP. and International Aqueous Industries, LLC for the purpose of developing a shale oil and gas water management facility in Wilson County, Texas.
About Freestone Resources, Inc.:
Freestone Resources is a Dallas, Texas based oil and gas technology development company. The continuing goal of the Company is to develop new technologies that allow for the utilization of our vast resources in an environmentally responsible and cost effective way. http://www.freestoneresourcesinc.com/.
Petrozene is a revolutionary solvent that has been shown to positively affect many aspects of the oil and gas industry; from production and storage to end cycle refinement. Used as an additive, Petrozene provides a cost-effective solution for dealing with tanker sludge, paraffin problems, storage tank maintenance, and more. Petrozene superior flow technology is hydrocarbon-based allowing for a non-contamination use in many aspects of the oil and gas production and refinement.
SAFE HARBOR STATEMENTS:
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release and other potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.