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| | Business Summary: Fox Petroleum Inc., a development stage company, engages in the identification, acquisition, exploration, and development of oil and gas properties in Alaska, England, and Texas. | | | Address
64 Knightsbridge
London
, England SW1X 7JF
Phone: 44-207-590-9630
Fax: 44-207-590-9631
Website: http://www.foxpetro.com
| | Auditor |
|---|
BDO Dunwoody LLP
| | Transfer Agent |
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Empire Stock Transfer Inc.
| Employees: 3
ShareHolders: 42 | Founded: 2004
Domicile: Nevada | | | |
| | Fox Petroleum Inc., a development stage company, engages in the identification, acquisition, exploration, and development of oil and gas properties in Alaska, England, and Texas. It primarily holds oil and gas leases in Alaska; and interests in a UK onshore license, as well as joint venture interests in a gas well in Texas. The company was founded in 2004 and is headquartered in London, the United Kingdom. | | History: INCORPORATED in Nevada Nov. 4, 2004, as Nova Resources Inc.; name changed to Fox Petroleum Inc. Jan. 11, 2007. | | | | Subsidiaries: |
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Fox Energy Exploration Limited
Fox Petroleum (Alaska) Inc.
Fox Petroleum, Inc. (Kansas)
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Management
|
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| Officers | Position |
|---|
| Richard Joseph Moore | Chairman, President, Chief Financial Officer, Chief Accounting Officer & Chief Executive Officer | | William MacNee | Chief Operating Officer |
| | Directors |
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| William MacNee | | Richard Joseph Moore | | John Spence | | Jeffrey I. Sternberg | | | |
| | | | Capitalization as of 05/31/2009: | | | | | Authorized Shares | Outstanding Shares |
|---|
| Common $0.001 par | 90,000,000 | 84,818,245 |
| | | | LONG TERM DEBT: None. | | | | Common $0.001 par | | | |
Stockholders:
07/13/2009,
42.
| | PRINCIPAL STOCKHOLDERS: July 13, 2009, Carbon Energy Investments Limited owned or controlled 37.8% of the Common, Libertas Capital Ventures Limited 23.6% and Trafalgar Capital Specialized Investment Fund 22.7%. | | | |
Transfer Agent: Empire Stock Transfer Inc.
Henderson
, NV | | | | OTC Bulletin Board( Primary): FXPT | | | | Exchange | Year | High | Low |
|---|
| OTC Bulletin Board | 2009 | 0.6300 | 0.0400 | | OTC Bulletin Board | 2008 | 5.0000 | 0.3500 | | OTC Bulletin Board | 2007 | 3.5600 | 0.7500 |
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| | | | DIVIDENDS: Common $0.001 par: No cash.
Common split 6-for-1, Jan. 11, 2007.
Common split 1-for-5 reverse, Apr. 21, 2008. | | | | | |
| | Annual Report |
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| | | Income Statement | |
| 2009 | 2008 |
|---|
| EXPENSES |
|
| | Gain on Recovery of Vat Receivable | 78,451 | - | | Advertising & Public Relations | (300,384) | (1,700,375) | | Consulting Fees | (426,532) | (208,798) | | Office and Miscellaneous | (221,037) | (167,336) | | Legal Fees | (361,068) | (135,734) | | Accounting and Audit Fees | (157,725) | (63,417) | | Management Fees | (642,021) | (185,440) | | Travel and Entertainment | (131,770) | (136,563) | | Insurance | (52,955) | (19,635) | | Write-down of Oil and Gas Interests | (9,458,413) | - | | Interest on Notes Payable | (652,245) | - | | Accretion of Convertible Debt Discount | (2,575,492) | - | | Currency Translation Gain(Loss) | 73,073 | - | | Finance Fees | (4,437,101) | - | | Loss on Failure to Perform Obligations Under Oil and Gas Commitments | (12,910,000) | - | | Interest and Other Income | 630 | 9,356 | | Filing and Transfer Agent | (25,653) | (10,577) | | Bank Charges | (9,690) | (9,684) | | Net Income (Loss) | (32,209,932) | (2,628,203) | | SUPPLEMENTARY INFO |
|
| | Basic and diluted loss per share | (2.03) | (0.22) |
| | | | Balance Sheet | |
| 2009 | 2008 |
|---|
| ASSETS |
|
| | Cash | 737 | 271,601 | | Vat Refund and Other Receivables | 157,718 | - | | Prepaid Expenses | - | 63,084 | | Restricted | 5,468 | 30,000 | | Total Current Assets | 163,923 | 364,685 | | NON CURRENT ASSETS |
|
| | Oil & Gas Interests | 608,270 | 5,800,917 | | Total Assets | 772,193 | 6,165,602 | | LIABILITIES |
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| | Accounts Payable and Accrued Liabilities | 16,585,108 | 664,519 | | Due to Related Parties | 34,000 | 29,975 | | Notes Payable | 4,670,667 | - | | Total Current Liabilities | 21,289,776 | 694,494 | | NON CURRENT LIABILITIES |
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| | Fees Payable in Stock and Warrants ? (e), 8(c) | 67,631 | 35,000 | | SHAREHOLDERS' EQUITY |
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| | Common Stock - Par Value | 69,818 | 14,968 | | Additional Paid in Capital | 40,302,396 | 8,168,634 | | Deficit Accumulated during the Development Stage | (34,957,424) | (2,747,494) | | Stock Subscription Receivable | (26,000,000) | - | | Total Shareholders Equity | (20,585,212) | 5,436,108 | | Total Liabilities & Shareholders Equity | 772,193 | 6,165,602 |
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* Financial statements represent periods end Feb. 28 '09 & Feb. 29 '08. | | | |
| | Interim Report
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | Nil | | 2009 |
2 | Nil | | 2009 |
3 | Nil | | 2009 |
Full Year
| Nil | | 2008 |
1 | Nil | | 2008 |
2 | Nil | | 2008 |
3 | Nil | | 2008 |
4 | Nil | | 2008 |
Full Year
| Nil | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
4 | Nil | | 2007 |
Full Year
| Nil | | 2006 |
1 | Nil | | 2006 |
2 | Nil | | 2006 |
3 | Nil | | 2006 |
4 | Nil | | 2006 |
Full Year
| Nil | | 2005 |
Full Year
| Nil |
| | | | | | Quarterly Net Income, US$ |
|---|
| Year | Quarter | Revenue | | 2009 |
1 | Nil | | 2009 |
2 | Nil | | 2009 |
3 | Nil | | 2009 |
Full Year
| (32,210,000) | | 2008 |
1 | (1,200,000) | | 2008 |
2 | (1,290,000) | | 2008 |
3 | (6,710,000) | | 2008 |
4 | (23,010,000) | | 2008 |
Full Year
| (2,630,000) | | 2007 |
1 | (90,000) | | 2007 |
2 | (2,810,000) | | 2007 |
3 | (1,110,000) | | 2007 |
4 | (460,000) | | 2007 |
Full Year
| (60,000) | | 2006 |
3 | 0 | | 2006 |
Full Year
| (50,000) | | 2005 |
Full Year
| (60,000) |
| | | | | | Quarterly EPS, US$ |
|---|
| Year | Quarter | Revenue | | 2010 |
1 | (.20) | | 2010 |
2 | (.01) | | 2010 |
3 | (.05) | | 2009 |
1 | (.08) | | 2009 |
2 | (.08) | | 2009 |
3 | (.38) | | 2009 |
4 | (2.10) | | 2009 |
Full Year
| (2.03) | | 2008 |
1 | Nil | | 2008 |
2 | (.25) | | 2008 |
3 | (.08) | | 2008 |
4 | (.03) | | 2008 |
Full Year
| (.21) | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
4 | Nil | | 2007 |
Full Year
| Nil | | 2006 |
1 | Nil | | 2006 |
2 | Nil | | 2006 |
3 | Nil | | 2006 |
4 | Nil | | 2006 |
Full Year
| Nil | | 2005 |
Full Year
| Nil |
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