Trade Updates for Tuesday, September 20th: FXPT and THRX
Penny stocks to watch: FXPT and THRX
Fox Petroleum Inc. (PINK: FXPT) is up 6.20% to $0.0539. Yesterday, the company announced preliminary estimates from 3-D seismic data obtained from Renfro Energy’s Cameron Meadows lease. The president of Fox Petroleum said that the company had 3-D seismic on the property for more than five years and the zone it is investigating through the 3-D seismic have reserve potential of 200,000 to 500,000 barrels of oil. Last week, FXPT announced that acquisition of Renfro Energy and Cameron Parish Pipelines. Renfro is an asset holding company created to house existing oil and gas assets located in Texas, Oklahoma and for acquisitions in Louisiana. Fox Petroleum said that it expects to complete the acquisition of Renfro and Cameron Parish by the end of October. (PINK: FXPT), (FXPT)
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