Fossil Oil’s President and Founder, Dennis R. Kittler, has dedicated the past forty-two years generated multiple well drilling prospects to hopefully provide lower risk multi-zone oil and gas drilling programs for accredited non-industry investors. Soon to reach the age of seventy-seven (77) this year, Mr. Kittler has decided to retire and consider other options in the energy industry. The Fossil Oil Company website’s Home Page will remain online to allow for any announcements to be posted. As reported earlier, much of Fossil Oil files were destroyed in the Hurricane Harvey flood in 2017. Currently, there are only four (4) Fossil Oil Joint Ventures (3 wells) that are being operated by third-party operators. These Joint Ventures by all measurements are marginal producers. Each Joint Venture owns no more than 33% Working Interest yet are still responsible for paying the monthly operating expenses (Joint Interest Billings) and eventually the plugging costs. When this happens is anyone’s guess. More and more investors have requested that Fossil Oil (Managing Member) take back their ownership and end any further liabilities. Fossil Oil is not suggesting any investor to do this but it has no choice if the request is made. Let Fossil management know if you decide to transfer your ownership back to Fossil Oil. Be sure to identify the JV program you are submitting.
You can contact Mr. Dennis Kittler at the following:
11107 Tupper Lake Drive
Houston, Texas 77042