Freestone Resources Announces Exclusive International Distributorships For Petrozene
August 08 2019 - 10:01AM
InvestorsHub NewsWire
Freestone
Resources Announces Exclusive
International Distributorships For Petrozene
DALLAS, TX --
August 8, 2019 -- InvestorsHub NewsWire -- Freestone Resources,
Inc. ("Freestone") (OTCQB:FSNR)
is pleased to announce that it has
successfully
negotiated
international distributorships with two Texas-based
companies for
the sale of
Petrozene – its proprietary solvent
proven to lower viscosity, liquify
oil sludge, and effectively dissolve and
inhibit paraffin and asphaltene build-up.
Process Point
Energy
Services ("PPES") of Conroe, Texas, is
an energy
servicing company and will be representing
Freestone and distributing Petrozene
through
the
state-owned oil company of Ecuador, a member of
OPEC.
PPES
recently
acquired a test amount of Petrozene
that
was shipped to Ecuador to be
tested in one of their oil facilities. The tests were done
on
several critical applications and proved to be
highly
successful.
There
was impressive
evidence
of Petrozene's ability
to substantially
reduce the viscosity of
the
oil used to
fuel large, Wartsila Engines used in Ecuador's
power
generation. PPES will soon start shipping Petrozene to Ecuador and
projects that sales of
Petrozene
will
be upwards of
2,000,000
gallons a year starting in 2020.
Michael
McGhan, CEO of Freestone said, "We are excited
about our
partnership with PPES. We have found a
partner who shares our world-wide vision for
implementing our signature, multi-use
product – Petrozene. The opportunities that PPES presents will allow
Freestone Resources
to reach the
desired markets and help us in our expansion goals."
Todd
Rutherford, President of PPES said, "I am very pleased to be
partnering with Freestone Resources and being an international
distributor for Petrozene. After seeing the test
results with Petrozene, I am convinced we have found the best
product for our international customers."
Natgas Global Resources
("Natgas")
of Houston,
TX is
a worldwide provider of gas processing equipment and services
operating in five countries outside
the US. Natgas will be representing Freestone
and distributing Petrozene in several countries
and has already
received its
first order for Trinidad, one of the
largest oil-producing countries in the Caribbean to be tested
in a
joint venture that includes 155
oil wells that produce very heavy oil. Natgas has gained
interest from Mexico, Nigeria and Indonesia where paraffin and
asphaltenes present a major problem to their oil
production.
Billy
Sumples, CEO
of Natgas
said "Our
partnership with Freestone Resources and
specifically becoming an international distributor
for
Petrozene will become a significant part of our world-wide
business. We
already operate in five oil-producing countries, know the needs of
the market well,
and
know that Petrozene will fill an ongoing need for many of
our customers.
We
intend to expand our existing customer base by introducing
Petrozene to
the international marketplace."
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.freestoneresources.com/
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.
Contacts
Freestone
Resources, Inc.
G. Don
Edwards – Shareholder Relations
Ph:
972-875-8427
www.freestoneresourcesinc.com