Fossil Oil management is pleased to announce that Fossil Oil Operating, LLC has received it’s designated Operator No. 278838 from the Railroad Commission of Texas. Fossil Oil Operating, LLC to be the Operator of record in future joint ventures sponsored by Fossil Oil Company, LLC.
For the rest of the detail go to www.fossiloil.com
“Oil and natural gas produced from domestic reserves helps to make our country more energy self-sufficient by reducing our dependence on foreign imports. The USA imports more than 60% of its daily crude oil requirements. In light of this, Congress has provided tax incentives to stimulate domestic natural gas and oil production financed by private sources (high net worth individuals). Fossil Oil’s drilling ventures offer many tax advantages to qualified individuals. These tax saving benefits greatly enhance the economics to our investors. These incentives are not “Loop Holes” — they were placed in the Tax Code by Congress to make direct participation in oil and gas ventures one of the best tax advantaged investments, as well as, hedge against rising inflation.”
Dennis R. Kittler – President
Click Here to get information on our current activities
Fossil Oil management team has just drilled, tested, and now producing the first of six (6) oil wells scheduled to be drilled in the next several months along the Texas Gulf Coast and South Texas. Fossil Oil is also working on an exciting project in the Bakken Shale Play in North Dakota and Montana. Click here to get information on our current activities.
Fossil Oil has a new project in the works. Check out http://www.fossiloil.com and inquire more about this new muti-well venture.
Fossil Oil Company’s management continues to focus its drilling programs on discovering reserves of crude oil while oil prices remain above $100 per barrel. Industry pundits are predicting oil prices to rise to record breaking levels in 2011/2012. Drilling lower risk, close-in oil prospects affords us a high probability of drilling success. Our newest multi-well oil program opportunity is to be released within the next week to our existing investors and new accredited participants.