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  4. THE WAVE (THE WAVE) Message Board

FIMA, I believe already has 65 wells in Wichita Co

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Post# of 606
Posted On: 02/10/2013 12:28:02 AM
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Posted By: locosurfer

FIMA, I believe already has 65 wells in Wichita County, Texas since they finalized the merger of American Eagle Operating, LLC in Dec/12.

This PR is dated 10/10/12

Fima Inc. Announces Reaching an Agreement to Acquire Producing Oil Leases for 5 Million USD
CALGARY, AB -- (Marketwire) -- 10/10/12 -- In connection with the company's stated objective to become an oil exploration and production company, Fima Inc. (PINKSHEETS: FIMA) is pleased to announce that it has reached an agreement with American Eagle Operating, LLC to acquire the majority working interest in 6 producing oil leases in Wichita County, Texas. The acquired leases are comprised of 670 acres, and a total of 73 wells that are located on the leases. There are 65 oil wells with 57 currently producing and 8 water disposal/injection wells. There are over 50 developmental drilling sites available for future growth. Fima is in receipt of a qualified reserve report dated September 24th, 2012 prepared by Nova Resource Inc., which values the properties using a 10% NPV at $24,150,178. The purchase price will be a combination of shares and notes, and is subject to the entering into of a Definitive Purchase Agreement. The company is planning a drilling program to increase production.



This PR is dated 12/19/12

Fima Announces Entering Into Definitive Purchase Agreement for the Purchase of American Eagle Operating LLC for $3.5 Million
DALLAS, TX -- (Marketwire) -- 12/19/12 -- Fima Inc. (PINKSHEETS: FIMA), in furtherance of its Press Release dated Oct 10th, 2012, is pleased to report that it has signed a Definitive Purchase Agreement to acquire American Eagle Operating LLC of Dallas, TX ("American Eagle") for a purchase price of 3.5 million dollars ($3,500,000). The purchase price will be satisfied in an all stock transaction. The purchase price reflects the underlying cash flow derived from oil leases that American Eagle owns, and the price is supported by an independent reserve report dated September 24th, 2012 prepared by Nova Resource Inc. American Eagle will become a wholly owned subsidiary of Fima Inc. at closing, which is expected the week of December 17th, 2012.

Fima and American Eagle are in further discussions to acquire the remaining interests in the leases not presently owned by American Eagle.



This PR is dated 01/04/13

FIMA Announces Negotiations to Acquire a Privately Owned Oil and Gas Exploration Company for $9 Million USD
DALLAS, TX -- (Marketwire) -- 01/04/13 -- FIMA Inc. (PINKSHEETS: FIMA), through the wholly owned subsidiary American Eagle Operating, LLC, announces it is in the final stages of negotiations to purchase an oil and gas exploration and production company for $9,000,000. The purchase price and main terms have been agreed upon and will be satisfied with a combination of cash and a promissory note. A Definitive Purchase Agreement is being prepared and it is anticipated that signing could occur within the next two weeks with closing to follow as soon as practicable thereafter.

MY GUESS IS THAT THE 65 OIL WELL's IN WICHITA COUNTY ARE NOW PROPERTY OF FIMA.

loco



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