Comments
cloudhosting14 wrote: As you would already know that managed hosting itself is another form of Cloud hosting in which the system administrations of servers is looked upon by the CPs. Similar is the case with managed multi Cloud hosting. You can very well understand how a big burden it would be to manage multi cloud servers for organization; this is why a service known as managed multi Cloud is provided to these users. This service ensures them the seam less running of their system administrative operations while organizations focus more on t...
Cloud Expo on Google News

SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
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.

The operating company has over 300 oil wellbores located on 25,000+/- acres of leases in the Permian Basin Region. At present less than 10% of the wells are producing. Engineering data has indicated that with a workover program to restore existing wellbores to producing oil wells and a developmental drilling program to increase the number of well bores, over 1000 BOPD could be achieved. The purchase of this company/property will increase the exposure of FIMA to other oil producing areas and continue the growth strategy developed by management.

The company also announces that it has filed the relevant quarterly information with OTC Markets Group to maintain the company's status of "Current Information," and the company will keep shareholders informed of developments as they transpire.

This news release contains forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements.

For more information please contact:

Mr. Keith Alexander Jr.
CEO
1-713-817-9187
Email Contact

About Marketwire .
Copyright © 2009 Marketwire. All rights reserved. All the news releases provided by Market Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Cloud Developer Stories
SYS-CON Events announced today that Wowrack will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York. Wowrack’s core expertise lies in high-availability Private and Public Cloud IaaS Hosti...
Cloud computing must have been brushing up on its bedside manner. HIPAA requirements now stipulate everyone in the health-care industry must begin migrating patient records and other data to cloud computing. By 2015, all medical professionals with access to patient records must ...
As enterprises deploy private IaaS clouds into production they are reevaluating their future application delivery models. SUSE and WSO2 believe that private PaaS will leverage the automation and scalability of Private IaaS solutions, such as OpenStack-based SUSE Cloud, to deliver...
Join us for an exclusive briefing with Gartner where they will talk about how IT Executives are modernizing data centers and transforming operations to focus resources on business value. During the session they will discuss how innovative IT solutions are needed to help IT deli...
Organizations across the world are increasingly starting to see the benefits of moving more and more services to the cloud. The focus on the cost-saving potential of cloud is rapidly shifting to completely transforming the business with cloud. As organizations are investing enorm...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021

SYS-CON Featured Whitepapers
ADS BY GOOGLE

Breaking Cloud Computing News
NComputing, the leader in accelerating the adoption of desktop virtualization, today announced the l...