Welcome to the Fishermens Petroleum Co PLC

Fishermen’s Petroleum Co PLC (FPC) was incorporated in Scotland in March 1980 to enable fishermen to participate in the UK Seventh Licensing Round.

The company quickly expanded following the issue of a Prospectus to members of the fishing industry, a “one for one” rights issue and the development of a relationship with Kerr McGee Oil (UK) PLC in the late 1980’s and early 1990’s. The company has since become involved in developments in both the Gulf of Mexico and mainland USA including a successful agency agreement with McKenny Energy, Oklahoma City.

The Company’s present assets are mainly based in the USA.

The company’s main US asset is its Working interests in the Justin field. This is an ongoing Barnett shale gas development project in Denton County, Texas approximately 20 miles west of Dallas. Other activities in the US include the Green Canyon Overriding Royalty Interest (ORI) and working interests in a number of small fields in Oklahoma -BF 2&3 (its first acquisition), Kleckner and Harrison. The company also holds a royalty interest in the Vernon field, Jackson Parish, Louisiana and an Overriding Royalty position in the Barnett Shale play in northern Wise County, Texas. A 3-D seismic survey is currently underway in this project known as LBJ.

As at July 2007 FPC had working interests in 41 producing wells.