For the past several years, Fossil Oil Company, LLC and its new affiliate, Fossil Oil Operating, LLC have been actively acquiring mineral leases, drilling and positioning itself to provide high quality investment opportunities in 2011 and 2012 for high net worth private participants, industry, institutional and accredited investors involving significant reserves of oil and natural gas. Fossil Oil is currently concentrating on drilling oil and gas wells especially as the price of oil continues to remain above $90 per barrel.

Fossil’s current drilling project for 2012 involves drilling multiple oil wells in Escambia County, Alabama (Southwest Alabama) and in Southeast Liberty County, Texas. The Fossil-Texas/Alabama Multi-Oil Well JV currently is completing the first of two (2) oil prospects called the North Ingram and the Cottonburg “C”. The North Ingram Prospect is being drilled by Precision Drilling Rig #86 (Houston, Texas) and has commenced drilling operations to target the Smackover oil at 15,000’. The Cottonburg “C” Well #1 tested 168 barrels of oil and 260,000 cubic feet of gas on a 10/64^th choke and is expected to be a significant potential oil producer. The gross estimated recoverable reserves potential for these two 3-D seismic based prospects are estimated to be a total of 495,000 barrels of oil and 450 million cubic feet of natural gas. Fossil management is again partnered with Choice Exploration who generated these prospects and will Operate the wells. Choice Exploration was recently rated 90th out of 18,000 independent O&G exploration companies in the USA based on production.

 For additional investment opportunity information, the viewer is required to request both a user name and password on the sidebar link or below (see “Current Drilling Project Opportunities”) on our website’s Home Page.

www.FossilOil.com.

Reviewing the Liberty County prospects generated by Choice Exploration are pictured (left to right) Wayne Miller (Choice Sr. Geologist), Dennis Kittler (Fossil Oil President)and David Martin (Choice VP-Business Development) at a recent NAPE Expo in Houston, Texas. Fossil Oil has partnered with Choice Exploration since 2011 including being part of a significant oil discovery in the Smackover in SW Alabama. Fossil and Choice plans to drill two more exciting Smackover prospects in Escambia County, Alabama in the coming months.

Oil prices jumped to another high above $109 a barrel on Friday (2/24/12) at the same time that Fossil Oil and its operating partner, Choice Exploration hit what appears to be a significant oil discovery in Escambia County, Alabama.  Precision Drilling Company’s Rig #86 exhibited total professionalism throughout and will be moved and rigged up approximately 3 miles away from the South Ingram Prospect discovery well to drill the second of three planned 14,500’ Smackover prospects.

Oil prices jumped to a nine-month high above $105 a barrel on Monday after Iran said it halted crude exports to Britain and France in an escalation of a dispute over the Middle Eastern country’s nuclear program.

That news came even as a semiofficial Iranian news agency reported that Tehran is considering extending its oil embargo against France and Britain to other European countries.
The Mehr news agency quoted National Iranian Oil Co. Ahmad Qalehbani as saying that Tehran may stop crude exports to European Union members that continue “hostile acts” against Iran.

What’s more, Qalehbani predicted that oil prices could pass $150 a barrel, without specifying when.

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The big wild card is the Middle East – particularly the chance of a war between Israel and Iran. According to investment newsletter veteran Richard Russell, the stock market would sell off big-time if a Mideast war unfolds:

 
I’ve been sensing something BIG and ominous is in the offing. What could it be? Ah, a front page article in Sunday’s NY Times supplies the answer. Israel will attack Iran with nuclear bombs. Israel must attack this year for this is the year when Iran will have nuclear capabilities.

 
Actually, the stock market is acting as though something momentous and frightening is ‘out there.’ The roof of a monster top is building.

 
Sounds a bit apocalyptic and I usually don’t reference such wackiness, but Russell has been publishing his Dow Theory Letters since 1957, is widely respected and by no means a crackpot, so his opinion is worth noting. Other crystal-ball gazers predicting a stock-market crash are John Hussman (also respected) and Joe Granville (no comment).

 
Intelligence analyst George Friedman of recently-hacked Stratfor places the odds of an Israeli strike at only 25%, but says that crude oil prices would skyrocket to $300 per barrel if it did occur. As I wrote in Best MLPs for $100 Oil, several energy-related master limited partnerships involved in exploration and production (E&P) as well as gathering and processing (G&P) are energy sensitive. Imagine how well they would do with $300 oil!

 
Of course, $300 oil would be a huge price shock that would likely ensure another economic recession.

Go to www.fossiloil.com to find out how you can benefit from the current conditions in the energy market.

Hello friends of Fossil, we have been doing a lot of exciting things and we are excited to tell you about our progress.  First, Fossil President Dennis Kittler paid a visit to Escambia County, Alabama to the site of the Smackover here is an intro video of Mr. Kittler himself on site in Alabama! We hope you enjoy the video and we look forward to posting more updates on the current Joint Venture.

OIL PRICES OVER $100 AGAIN!

Go to www.fossiloil.com to find out how you can benefit from the current conditions in the energy market.