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Fima Lands Interest In Six Texas Leases

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October 11, 2012

In connection with the company's stated objective to become an oil exploration and production company, Fima Inc. (PINKSHEETS: FIMA) announced that it has reached an agreement with American Eagle Operating LLC to acquire the majority working interest in six producing oil leases in Wichita County, Texas.

The acquired leases are comprised of 670 acres, and a total of 73 wells that are located on the leases. There are 65 oil wells with 57 currently producing and eight water disposal/injection wells. There are over 50 developmental drilling sites available for future ...

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