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
FIMA, I believe already has 65 wells in Wichita County,
Top 10 Most Recent News Articles
SaponiQ Reinvents Body Care with Botanical Soap Bars
Breaking Through with Simple Innovation I'll be the first to say it's not every day you hear about a soap company trying to shake things up in body care like it’s a tech startup, but here’s SaponiQ taking a wild swing at it with their lineup of botanical cleansing bars. These things are whipped up in their own U.S.-based facility using some fancy cold-process...
Continue Reading
Concrete Pipe: Foundation of Modern Infrastructure
Reinforced Concrete Pipes Hold Their Ground You know, it might not be the flashiest part of our infrastructure toolkit, but concrete pipe plays a mighty big role behind the scenes. Even in this age of shiny new tech and constantly evolving materials, the classic concrete pipe still packs a punch—especially when you demand something that'll last. Enter Stephanie Ward, a...
Continue Reading
Kroger, Imprint Team Up for AI-Driven Mastercard
Kroger Teams Up with Imprint for New Credit Card Kroger’s at it again, folks. They're rolling out a shiny new Mastercard, and it's not just any plastic—it’s powered by the AI-driven platform Imprint. Now, what does this mean for you and me? Well, if you're a frequent flyer at Kroger aisles, you might want to pay attention because this card’s offering point...
Continue Reading
Athlete Threats: Public Info Fuels Security Risks
Public Exposure: The New Athlete Achilles' Heel Imagine sitting on millions while living in a glass house. That's the kind of predicament today's athletes find themselves in, thanks to the treasure trove of public information spilling their personal lives all over the internet. According to the latest Hush Intelligence Athlete Threat Report 2026, this very exposure has...
Continue Reading
Karen Love's Retirement Marks End of an Era for TACHP
A Legacy Not Just Built, But Carved in Stone In the world of healthcare, folks like Karen Love don’t come around too often. She's stepping down from her post as President and CEO of Cook Children's Health Plan this month, and it feels like the end of a chapter for the Texas Association of Community Health Plans (TACHP). Love wasn't just an executive; she was a mover and...
Continue Reading
Nukleus Launches Unified Platform for Athletes' Business
Leveling the Business Field for Athletes Athletes spend their lives fighting for every inch on the field, and now Nukleus is giving them the tools to hold ground off it. Why should they be the last ones to know their own business? Ashton Jeanty and Nukleus got tired of that narrative and kicked off a platform today with a real promise: putting an athlete's entire business...
Continue Reading
New Tools Arm Manufacturers in Additive Arena
Diving Headfirst into Additive Manufacturing Standards Additive manufacturing (AM)—it's not just another tech buzzword. It's revolutionizing everything from life-saving medical devices to cutting-edge aerospace components. But as with any game-changing innovation, there's a wild west era before standards reign in the chaos. Enter ANSI and America Makes, offering new...
Continue Reading
Neutonic Sets Sights on U.S. with Walmart Expansion
Neutonic Embarks on Major Expansion with Walmart Well, here we go. Neutonic is stepping up to the big leagues by planting its flag in nearly 1,000 Walmart stores across the U.S. This move lands them right in the thrumming heart of Walmart's new Mood & Mind beverage set. It's about time this brand brings its functional beverages to American shoppers already drained by...
Continue Reading
Haystack MRD Shines in Colorectal Cancer Trials
A New Dawn in Cancer Detection Just when you think you've seen it all in cancer diagnostics, Haystack MRD® pops up like a fresh tulip in spring. And listen, this ain't just fluff—the results from the DYNAMIC trials are a pretty compelling love letter to the power of liquid biopsy. With 100% specificity and sensitivity hitting a whopping 83.3% over five years, it’s...
Continue Reading
Ultrabench Revolutionizes AI Model Comparison Game
Breaking Down the Messy AI Model Landscape Ultrabench.ai is here to drag AI model comparison out of the dark ages. Picture this: 309 AI models, ranked against a whopping 530 benchmarks, all served up on one plate. If you’re navigating the AI jungle, you’ll realize how Ultrabench is no small fish in this vast ocean. Consolidating Where Others Have Scattered There's a...
Continue ReadingTop 5 Most Recently Viewed Articles
Exploring Shopify's Evolving Options Market Dynamics
Shopify's Resurgence in Options Trading Investors are showing an increased interest in Shopify (NASDAQ: SHOP), which is evident from the bullish trend unfolding in the options market. Recent tracking of options activities reveals that powerful investors are making significant moves that could hint at larger market shifts. While we cannot identify these investors, their...
Continue Reading
Pacira BioSciences Induction Grants: What You Should Know
Pacira BioSciences Announces New Inducement Grants On a notable day in early 2025, Pacira BioSciences, Inc. (NASDAQ: PCRX), a frontrunner in the field of innovative, non-opioid pain therapies, revealed the granting of inducement awards as part of their strategy for onboarding new talent. This exciting development came as a significant step in expanding their team and...
Continue Reading
Invesco's Recent Dividend Announcements Impress Investors
Recent Dividend Declarations from Invesco Funds The Board of Trustees for several Invesco closed-end funds has officially announced the latest dividends, capturing the attention of investors keen on steady income streams. Invesco has established itself as a responsible asset manager, continually striving to enhance shareholder value through consistent dividend payments....
Continue Reading
Prestige Wealth Inc. Expands with Wealth AI Acquisition
Prestige Wealth Inc. Expands Its Portfolio with Strategic Acquisition Prestige Wealth Inc. (NASDAQ: PWM), a leading provider of wealth and asset management services, has made a noteworthy advancement in the financial technology sector. The company recently revealed that it has entered into a definitive agreement to acquire SPW Global Inc., the parent company of Wealth AI...
Continue Reading
Belfry Software Secures $12 Million for Future Growth and Innovation
Belfry Software Secures $12 Million for Growth In a significant move to enhance its platform, Belfry Software has successfully raised $12 million in a Series A funding round. This funding, led by Base10 Partners, elevates Belfry's total investment to $20 million. The newfound capital aims to bolster product innovation and enrich customer experiences amid rising market...
Continue Reading