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Friday, January 14, 2011

FORCE FUELS INC (FOFU.OB)

 

Focused on the Business of Powering the Nation

 

Force Fuels is on a mission to help power the nation through development of a diversified portfolio of regulated and standardized energy products including oil, natural gas, solar and wind.

By applying proven business-building principles to the business of energy production, we are dual-focused on optimizing the value of domestic fossil fuel assets while also promoting interjection of renewable energy solutions into the power grids of America




Investor Share Structure Quick Link

http://www.otcmarkets.com/stock/FOFU/company-info 

 

Overview

 

Headquartered in Southern California with offices and oilfield operations in Kansas, Force Fuels, Inc. was formed to provide a profit-driven vehicle to acquire underperforming leaseholds in prolific oil and gas producing regions of the U.S. that have marginally producing shallow oil wells on-site and offer promising potential for additional drilling opportunities. In addition, the Company will seek to support compelling renewable energy development projects in the areas of wind and solar in an effort to encourage diversity and long term value of its energy matrix.


Force Fuels is a publicly traded company with our common stock traded on the Over-The-Counter Bulletin Board under symbol “FOFU.”
 
In addition to establishing our Company as a noted leader in the field of diversified energy, Force Fuels is committed to earning global distinction as a forward-thinking industry leader that is:


  • recognized by its employees for providing opportunities to grow both personally and professionally;
  •  
  • appreciated by its valued business partners and customers for providing the highest possible quality energy products and services as cost efficiently as possible;
  •  
  • respected and admired by its peers for its integrity and enduring commitment to excellence in its business practices; and
  •  
  • valued by its shareholders for providing the greatest possible transparency into its operational and financial activities and performance. 



Our Leadership Team

 


 

Chairman of the Board, Chief Executive Officer and President                

Thomas C. Hemingway


 

 


  A proven, highly experienced senior executive of high growth technology companies and a noted early pioneer of emerging Internet technologies, Tom has served as Chief Executive Officer of Redwood Investment Group, LLC since 2003.

From 2006 through 2009, he also served as Chairman and COO of NextPhase Wireless, Inc, a publicly traded wireless connectivity company that specialized in integrated Internet, voice and data communication solutions; and from 2004 through 2006, he was Chairman and CEO of Oxford Media, Inc., a publicly traded company engaged in developing private broadband networks and proprietary software and hardware, content and support services for in-room entertainment and high-speed internet access to small and medium sized hospitality properties. From 1998 until 2003 when the Company was acquired by Oxford Media, Tom was Chairman of eSynch Corporatio



Don has served as a Director of the Company and Corporate Secretary from November 1, 2009 to the present. He is also currently the Secretary, Treasurer and a Director of H Y D, Inc., a Nevada corporation, a position he has held from 2002 to the present. HYD is in the business of providing business consulting services. He also served as the Vice-President of Corporate Communications and a Director of Vision Industries Corp. from December 2008 until May 2010. Vision Industries Corp. is a provider of electric/hydrogen hybrid powered vehicles and turnkey hydrogen fueling systems.

He also has served as a Director of Ice Conversions, Inc., a California corporation, from November 2005 to March 2010.
Ice Conversions is in the business of developing electric drive systems for installation in short-haul commercial trucks. From April 2006 to February 2009, Don served as a Director of US Farms, Inc., a Nevada corporation. US Farms, Inc. is a diversified commercial farming and nursery company. From January 2006 to September 2007, he was a Director of Cyclone Energy, Inc., a California corporation that sought to develop, distribute, and market alternative fuels and hydrogen fuels through the existing gas station infrastructure.

He also served as a Director of LitFunding Corp. from June 2005 to September 2006. LitFunding Corp. provided funding for litigation primarily for plaintiffs’ attorneys. From November 2002 to April 2005, Don served as a consultant to American Water Star, Inc. a water bottling and distribution company.




 

Oil Advisory Board

 

Donald Hejmanowski

Chairman of the Oil Advisory Board

 

  • Daniel Molleker

    Advisory Board Member
    Dan has worked in the Kansas and Oklahoma oil and gas business for most of his life and has been involved in several development projects. From the time he began in the oil & gas industry, he has had indispensable hands-on experience in every phase of business; lease acquisition, drilling, completion, construction, production and maintenance. He continues to manage his own oil properties in the area. His knowledge of local geology and performance profile of oil wells in Kansas is extremely beneficial to the Company. Dan is also a prolific inventor, holding several successful patents related to oil production and other industries. He is the co-inventor of the nitrogen tracking and injection system licensed to the Company by Energy Recovery Systems.

 

  • Richard Coody

    Advisory Board Member
    Since 1980, Richard has served in management as an executive officer and/or owner of technology companies with an oil and gas or environmental focus. His technology experience began with Dowell Schlumberger, where he served as Manufacturing Manager from 1980-1993. During his tenure, Richard managed an extensive China development project that included technology transfer, training in design and assembly procedures, plant manufacturing training, as well as in the field at rig and well site locations. Since that time, he has had ongoing involvement in technology driven companies within the oil and gas and environmental industries.




 

 Policies and Principles

To earn distinction as an industry force, you must first be a company with a conscious.
Force Fuels is committed to conducting its business ethically, legally and in a manner that is fiscally, environmentally and socially responsible. We make a point of frequently assessing all the potential ways that our actions and operations may impact others as we strive to meet the highest standards of performance in all areas of our business.
We understand that the issues addressed here are important to a broad range of stakeholders, and we are grateful for your interest in not only what we do, but how we do it.








Environmental Responsibility

 

To earn distinction as an industry force, you must first be a company with a conscious.
Force Fuels is committed to conducting its business ethically, legally and in a manner that is fiscally, environmentally and socially responsible. We make a point of frequently assessing all the potential ways that our actions and operations may impact others as we strive to meet the highest standards of performance in all areas of our business.
We understand that the issues addressed here are important to a broad range of stakeholders, and we are grateful for your interest in not only what we do, but how we do it.








Health and Safety

Force Fuels recognizes our responsibility to operate with proper regard for the health and safety of people who may be affected, directly or indirectly, by our operations. As we grow and mature, we will be implementing policies and strategic objectives aimed at identifying health, safety and security risks to people, the local biodiversity and the physical assets of our Company. In addition, we expect to establish and populate a ‘fit for purpose’ organizational structure that supports our commitment to remaining in full compliance at all times with corporate standards, applicable laws, regulations and permit requirements.










Oil and Gas Projects

“85% of producing oil wells in the United States are classified as marginal and produce less than ten barrels per day; however, only one in six barrels of oil produced in this country comes from a marginal well. At Force Fuels, we realize the value of domestic sources of supply to America's energy future, and we are currently involved in acquiring and improving low and moderate production oil properties with an eye to increasing their yield via modern, proven, technological methods."
-Oscar Luppi, Chairman and CEO




This year, Force Fuels completed its first oilfield acquisition; purchasing 13 viable, mostry contiguous oil and gas leases located in Montgomery and Chautauqua counties in southern Kansas, comprising approximately 2600 acres of land. The purchase included 49 fully equipped oil strippers and five natural gas wells; as well as five salt disposal wells complete with duplex/triplex pumps; all settling, stock and water tanks necessary to service the wells; and several miles of tubing. Force Fuels’ management team believes that the property has significant development potential due to the following considerations: 



  • • the existing wells have been subjected to no or minimal secondary stimulation;
  • • recoverable reserves are estimated at 13.9 million barrels, based on preliminary analysis; and
  • • the area boasts multiple pay zones placed between 600 and 2,000 feet.
    Since then the company has implemented the first steps toward refurbishing and developing the property by:
  • • Repairing and rehabilitating the mechanics of existing wells and infrastructure
  • • Performing production test on selected fields
  • • Initiating a chemical refurbishing program on existing wells
  • • Analizing historical and geological data to develop a drilling program




 Welcome to our Investor Information Center!




On behalf of everyone at Force Fuels, we would like to welcome you to our online Investor Information Center. Here you will find a broad range of corporate data, SEC filings, leadership biographies, press releases, media coverage and other information about our Company and its business operations that we believe will be essential in helping you learn more about us. We are committed to providing excellent service to our shareholders and to the Wall Street community, in general. To that end, we encourage you to share your questions and comments with us. If you require information that is not already posted to our site, please let us know! You can reach our investor relations counsel at info@forcefuels.com or by way of our “Contact Us” page.
Thank you very much for your interest in Force Fuels and for your ongoing support and encouragement.

  • Sincerely,
  • FORCE FUELS, INC.
  • Thomas Hemmingway
  • Chairman and CEO

Corporate Governance and Transparency

Solid principles of corporate governance and transparency are key to maintaining the trust of investors. The Board of Directors of Force Fuels, Inc. has adopted well defined corporate governance practices to promote the effective functioning of our Company’s senior leadership team. Depositories shall be in such manner as the board of directors from time to time may determine.






SEC Filings/ Financials

http://www.otcmarkets.com/stock/FOFU/company-info



Share Structure
Market Value1 $1,256,619 a/o Jan 13, 2011
Shares Outstanding 7,391,875 a/o Jan 07, 2011
Float N/A
Authorized Shares 100,000,000 a/o Jan 15, 2010
Par Value 0.001
Shareholders
Shareholders of Record 224 a/o Dec 23, 2010
Beneficial Shareholders N/A
Corporate Actions

Ex. Date Record Date Pay Date
Security Notes
N/A
Non US Stock Exchange Listing
-
Short Selling Data
Short Interest 0 (-100%)
Oct 29, 2010
Significant Failures to Deliver No
Service Providers
Auditor/Accountant Kabani & Company, Inc.
6033 West Century Blvd.
Los Angeles, CA, 90045
United States

Frequently Asked Questions by Investors

 

Corporate Information:

1. Where can I find information on the Company?
You can find this information at http://www.forcefuels.com.

2. Where is Force Fuels incorporated?
Force Fuels is incorporated in the State of Nevada.

3. Where is the Company’s corporate headquarters?
  • Force Fuels, Inc
  • 1503 South Coast Drive
  • Suite 206
  • Costa Mesa, CA 92626

Investor, Financial and Legal Information:

4. Where does Force Fuels’ common stock trade?
Its common stock trades on the OTCBB Exchange under the symbol FOFU.

5. How do I purchase the Company’s common stock?
Since Force Fuels does not have a direct stock purchase plan, you can buy shares of FOFU by contacting any retail stockbroker or via online brokerage service.

6. Does Force Fuels pay a dividend on its common stock?
No, the Company does not pay a dividend on its common stock at this time.

7. When does Force Fuels’ fiscal year end?
July 31

8. I am a potential Force Fuels shareholder. How may I receive an investor kit?
You can request information be mailed to you by visiting the Company’s web site, and they would be happy to accommodate your request for information, address any questions you may have and/or add you to the Company’s email database to ensure you receive ongoing information about Force Fuels, Inc. as soon as it becomes publicly available.

9. Who is Force Fuels’ auditor?
The Company currently uses the firm of Kabani & Company as their auditors.

10. Who is Force Fuels’ stock transfer agent and how do I contact them?
The Company’s stock transfer agent is Standard Registrar and Transfer Company. They can help with a wide variety of shareholder-related services. You should contact them for any of the following:
  • Change of address
  • Transfer ownership of stock
  • Request stock certificate(s)
  • Request account statement
  • Request replacement of lost stock certificate(s)
  • CONTACT INFO:
  • Standard Registrar and Transfer Company
  • 12528 South 1840 East
  • Draper, Utah 84020
  • Phone: 801-571-8844
  • Fax: 801-571-2551

 

 

Contact Us

Company Corporate Headquarter
  • Force Fuels, Inc
  • 1503 South Coast Drive
  • Suite 206
  • Costa Mesa, CA 92626
  • Email: info@forcefuels.com