FOSSIL OIL’S PRESIDENT, DENNIS KITTLER TO INTERVIEW WITH ABC-TV NEWS
Fossil Oil Company’s President, Dennis R. Kittler will be featured on a news segment with WEAR–TV Station (ABC Channel 3) in Pensacola, FL. On March 16th, Bill Pearson, ABC TV News reporter, will interview Mr. Kittler at Fossil’s current drilling location in Escambia County, Alabama. Mr. Kittler will take a camera crew and reporter, Bill Pearson, on a tour of Precision Drilling Company’s Rig #86 which is now drilling Fossil’s Roll Tide Smackover Oil Prospect. This is the 2nd of three (3) wells scheduled to be drilled by Rig #86 in this SW Alabama region for Fossil Oil and its partner, Choice Exploration Company. In addition to describing this rotary rig’s components to the reporter and its viewers, Mr. Kittler will talk about the prolific Smackover oil formation (Dolomite) which is the primary target in this newest core area for both Fossil and Choice and the impact that successful drilling will have on both this community and to Fossil Oil’s joint venture partners. Below is a small bit on who is doing the story on Mr. Kittler.
Bill Pearson joined the Channel 3 News team in February of 2006. Before WEAR, he worked for more than three years as a General Assignment Reporter for WCTV in Tallahassee.
Bill’s interest in television news began early, when at age five he would make time to watch the local weather report. As he grew older, his interest in television shifted more towards news.
Bill graduated with a Journalism degree from the University of Central Florida in 2002. His broadcasting career began in college, while working for WUCF-FM. He then moved on from radio and into television where he worked for two years as an associate producer/writer for WFTV, the ABC station in Orlando.
During his reporting career, Bill has enjoyed the opportunity of interviewing a wide variety of people including the governors of both Florida and Georgia, members of the armed services, local leaders and of course everyday citizens.
Bill is an avid sports fan, and he enjoys rooting for the University of Central Florida football team and his beloved Denver Broncos in the NFL. He also enjoys working out, watching movies, meeting new people and going to the beaches along the Gulf Coast.
E-mail Bill: wpearson@weartv.com
Go to www.fossiloil.com for more information on our current activities.
Fossil Oil Company to Complete a Well in a The Prolific Dolomite Formation…
Dolomite image courtesy of www.theadelaidemine.com
Fossil Oil Company’s investors have just recently completed drilling their first of three proposed Smackover oil wells known as the South Ingram Prospect in Southwest Alabama. The Core Analysis from Weatherford Laboratories indicate a 42’ – 45’ oil column in the prolific Dolomite formation that has revealed excellent permeability and porosity.
Dolomite was first described by the French mineralogist Déodat de Dolomieu in 1791 from its occurrence in a range of the southern Alps. The rock was given the name dolomite by de Saussure, and today the mountains themselves are called the Dolomites. What Dolomieu noticed was that dolomite looks like limestone, but unlike limestone it does not bubble when treated with weak acid. The mineral responsible is also called dolomite.
Dolomite is very significant in the petroleum business because it forms underground by the alteration of calcite limestone. This chemical change is marked by a reduction in volume and by recrystallization, which combine to produce open space (porosity) in the rock strata. Porosity creates avenues for oil to travel and reservoirs for oil to collect. Naturally, this alteration of limestone is called dolomitization.
For more information as to Fossil Oil’s exciting drilling opportunities go to www.fossiloil.com
Welcome: The new Blog for Fossil Oil Company!
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 10/64th 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.
Fossil Oil’s President, Dennis Kittler has announced the formation of a multiple oil/gas well JV (3) in Liberty County, Texas.
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 Hits New High at $109 as Fossil Oil hits New Oil Discovery!
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 Jumps to 9-Month High After Iran Cuts Supply, Predicted to Hit $150
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.
Israel-Iran War Could Cause Oil Prices to Spike to $300 Per Barrel
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.
Fossil President Dennis Kittler Visits Site For the Smackover Multi-Well JV in Escambia County, Alabama
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.
First of two oil wells now drilling in Alabama!
Fossil’s current drilling project for 2012 involves drilling multiple oil wells in Escambia County, Alabama (Southwest Alabama). The Fossil-Smackover Multi-Well JV will initially drill back to back two (2) Smackover prospects called the South Ingram and Roll Tide. The reserves potential for these two 3D seismic based prospects are estimated to be a total of 1,200,000 barrels of oil. Each well will be drilled to 14,500’ and test the prolific Upper Smackover formation. There are eleven (11) nearby oil wells to these two prospects that have produced in excess of 7,100,000 barrels of oil. Fossil Oil Company has again partnered with Choice Exploration, Inc. to operate and drill the first two of several Smackover oil prospects in this core area.
You will find this multiple well oil project is very exciting with the 3-D seismic based South Ingram Prospect Well (14,500’ Smackover test) and Roll Tide Prospect Well (14,500’ Smackover test) providing significant economic upside to this JV. These exciting deep exploratory tests could provide a return of 4-6 times on your investment alone with estimated payout ranging between 13 – 26 months.
Precision Drilling Rig #86 commenced drilling the South Ingram Prospect well and it drilling at approximately 4,000′ this morning.
Two Deep Oil Wells Being Drilled By Fossil Oil Joint Venture
Fossil Oil management team has teamed up again with Choice Exploration, Inc. to operate and drill two (2) exciting deep oil wells in Escambia County, Alabama (Southwest Alabama). The Fossil-Smackover Multi-Well JV will initially drill two Smackover prospects called the South Ingram and Roll Tide. The reserves potential for these two 3D seismic based prospects are estimated to be a total of 1,200,000 barrels of oil. Each well will be drilled to 14,500’ and test the prolific Upper Smackover formation. There are eleven (11) nearby wells to these two prospects having produced in excess of 5,500,000 barrels of oil. Drilling is anticipated to commence this month as Choice is waiting for the drilling rig to arrive.
