OTC Bulletin Board

S & P Company Insight for FOX PETROLEUM INC
 
 Profile

 
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
  Empire Stock Transfer Inc.
Employees:  3
ShareHolders:  42
Founded:  2004
Domicile:  Nevada
 
  
 
 Background

 
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:
Fox Energy Exploration Limited
Fox Petroleum (Alaska) Inc.
Fox Petroleum, Inc. (Kansas)
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Richard Joseph MooreChairman, President, Chief Financial Officer, Chief Accounting Officer & Chief Executive Officer
 William  MacNeeChief Operating Officer

Directors
 William  MacNee
 Richard Joseph Moore
 John  Spence
 Jeffrey I. Sternberg
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20092008
EXPENSES
Gain on Recovery of Vat Receivable78,451-
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 Income6309,356
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
  20092008
ASSETS
Cash737271,601
Vat Refund and Other Receivables157,718-
Prepaid Expenses-63,084
Restricted5,46830,000
Total Current Assets163,923364,685
NON CURRENT ASSETS
Oil & Gas Interests608,2705,800,917
Total Assets772,1936,165,602
LIABILITIES
Accounts Payable and Accrued Liabilities16,585,108664,519
Due to Related Parties34,00029,975
Notes Payable4,670,667-
Total Current Liabilities21,289,776694,494
NON CURRENT LIABILITIES
Fees Payable in Stock and Warrants ? (e), 8(c)67,63135,000
SHAREHOLDERS' EQUITY
Common Stock - Par Value69,81814,968
Additional Paid in Capital40,302,3968,168,634
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 Equity772,1936,165,602
 
 * Financial statements represent periods end Feb. 28 '09 & Feb. 29 '08.
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2009   1Nil
  2009   2Nil
  2009   3Nil
  2009   Full Year Nil
  2008   1Nil
  2008   2Nil
  2008   3Nil
  2008   4Nil
  2008   Full Year Nil
  2007   1Nil
  2007   2Nil
  2007   3Nil
  2007   4Nil
  2007   Full Year Nil
  2006   1Nil
  2006   2Nil
  2006   3Nil
  2006   4Nil
  2006   Full Year Nil
  2005   Full Year Nil
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2009   1Nil
  2009   2Nil
  2009   3Nil
  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   30
  2006   Full Year (50,000)
  2005   Full Year (60,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  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   1Nil
  2008   2(.25)
  2008   3(.08)
  2008   4(.03)
  2008   Full Year (.21)
  2007   1Nil
  2007   2Nil
  2007   3Nil
  2007   4Nil
  2007   Full Year Nil
  2006   1Nil
  2006   2Nil
  2006   3Nil
  2006   4Nil
  2006   Full Year Nil
  2005   Full Year Nil
 
  
 
 Stock Data

 
 
Capitalization as of 05/31/2009:
 
 Authorized SharesOutstanding Shares
Common $0.001 par90,000,00084,818,245
 
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
 
ExchangeYearHighLow
OTC Bulletin Board20090.63000.0400
OTC Bulletin Board20085.00000.3500
OTC Bulletin Board20073.56000.7500
 
DIVIDENDS: Common $0.001 par: No cash. Common split 6-for-1, Jan. 11, 2007. Common split 1-for-5 reverse, Apr. 21, 2008.