Stock Alert : British Petroleum (BP) Escalates Freedom Energy’s (FDMF) Product

 Freedom Energy Holdings (OTC: FDMF) announced last week that its product KC9000(R) has been escalated to Stage 3 by British Petroleum (NYSE: BP) in the latter’s search for options to deal with the massive oil spill in the Gulf of Mexico. Freedom Energy’s CEO Brian Kistler said that he received an email from the Alternative Response Technology Team which notified him that KC9000(R) has been escalated for further review.

Subscribe to daily free stock newsletter by visiting:  http://www.pennystockpickreport.com/

The email attachment explained that KC9000(R) had been selected out of thousands of submissions and escalated to Stage 3 for further review by BP subject matter experts. Should KC9000(R) be considered ‘Feasible, Proven’ or ‘Feasible Not Proven’, it will be escalated to Stage 4 for a final review and possible testing.

As a part of the effort to combat the increasing oil spill in the Gulf of Mexico, British Petroleum has also set up a 70-strong tip line center in Houston. BP has been flooded with at least 72,000 calls and 20,000 emails that outline the public’s suggestions. BP is said to be taking a closer look at about 700 of these. Kistler reiterated that KC9000(R)’s ease of application and environmental friendliness makes it a good choice for the attempt to clean up the shoreline. He also added that the situation was a bittersweet one with repercussions that will be felt for years, but that Freedom Energy was glad to be able to help in some way.

Freedom Energy’s shares jumped 150% on the news that the company’s senior officials will be meeting Senior Parish officials in Louisiana to discuss the benefits of KC9000(R).  Monday’s trading session saw Freedom Energy close at $0.025, making it one of the most closely watched penny stocks of the day. At one point the volume had soared past its daily average of 841,000 shares to touch a peak of 25.33 million shares. In the process the stock effortlessly breached a critical resistance level of $0.015.

Freedom Energy Holdings, Inc. is a holding company involved in the exploitation of opportunities in the heavy oil market. The company is headquartered at Fort Wayne, U.S. Freedom’s KC9000(R) is a heavy oil technology that assists in the environmentally friendly cleaning of sludge residue. Tests have shown that variations of KC9000(R) are effective in getting heavy oil deposits to flow without heat. Freedom Energy is looking to develop and market this proprietary technology for the use of clients, both by sales and by licensing.

About http://www.pennystockpickreport.com/

Penny Stock Pick Report offers stock newsletter on OTC, PINKSHEETS ,OTCBB, AMEX, NASDAQ and NYSE stock exchange. Our subscribers receive daily up to date stock information on hot stocks, most active movers, top gainers, penny stocks and much more. If you wish to feature your organization on our website then you can contact us at the email given below.