Fox Petroleum Inc. (OTCBB: FXPE) is an Oil and Gas Exploration company responding to the world’s current demand for new energy solutions. The Company is headquartered in London, England, the financial capital of Europe. Fox also has an operations office in Anchorage, Alaska.

Fox Petroleum has joined a host of major oil and gas industry players exploring the vast energy reserves of Alaska’s North Slope and the United Kingdom’s North Sea. Alaska’s North Slope is home to giants such as Royal Dutch Shell, Exxon Mobil and BP, as well as independents such as Anadarko Petroleum Corporation, all focused on producing the region’s estimated 50 billion barrels of liquid petroleum.

Meanwhile, major explorers such as BP, TOTAL, ConocoPhillips, and ENI are active in the UK’s North Sea, where production amounted to over 1.5 million barrels of oil per day in 2006 and over 20 billion barrels of oil and gas are potentially still available for production.

Holdings & Activities

In Alaska’s North Slope, Fox Petroleum has acquired the exploration rights to approximately 32,000 acres of prime land holdings as represented by two land parcels. The East Prudhoe Bay Prospect is bordered by Anadarko (NYSE: APC | Market Cap $23.03 B) while the ARCO Pipeline Prospect is neighbored by ENI SpA (NYSE: E | Market Cap $53.14 B).

In the UK, Fox has entered into a joint venture and owns a 33.33% stake with an option to acquire up to 60% on a Central North Sea License covering over 37,000 acres. Fox’s Anglesey Prospect neighbors Talisman Energy Inc. (NYSE: TLM | Market Cap: $20.31 B).

Why Alaska & The North Sea?

• Demand for oil growing larger and faster than ever
• Energy exporters Venezuela and Nigeria riddled with political and/or industry instability
• The West unable to access new oil in Middle East
• Alternative fuels still too expensive
• Alaska’s North Slope and UK’s North Sea offer stable energy solutions

Alaska Project

Alaska's North Slope

With a potential of 48 billion barrels of oil, Alaska’s North Slope is one of the world’s last frontiers in energy exploration, and it’s securely located in North American borders.

Fox East Prudhoe Prospect (26,789 acres) and Fox ARCO Prospect (5,701 acres) each have high site potential, low operation costs, and market access. Medium depth of both sites makes extraction cost-effective. In addition, the proximity of the ARCO Pipeline Site to the Dalton Highway and the Trans-Alaskan Pipeline ensures easy access to markets.

North Sea Project

Fox Petroleum is actively involved in the UK’s North Sea where production in 2006 amounted to 1.58 million barrels/day of oil and 2.73 trillion cubic feet of natural gas for the year with North Sea oil and gas discoveries estimated at the equivalent of at least 500 million barrels.

Fox Anglessey Prospect

Fox Petroleum has entered into a joint venture and owns a 33.33% stake with an option to acquire up to 60% on a Central North Sea License--Fox’s Anglesey Prospect covering 37,065 acres.

Fox’s Anglesey Prospect is located 12 miles north of the 639 million barrel Claymore field operated by Talisman Energy Inc. (NYSE: TLM | Market Cap: $20.31 B). The Claymore field produced 1.39 million barrels in 2006, bringing its total production to date to 87.54 million barrels. Oil has also been discovered in Block 14/14a, immediately south of Fox’s P.1211 License.

New Prospects

Gomez Field, Pecos County, Texas

The Spears Gas Unit 2, Well #1 has been successfully put into commercial production. Fox Petroleum currently owns 22.5% of the working interest of this well and expects to generate revenues to cover initial costs of drilling and completing the well within 6 months of commencing production.

Fox has a 22.5% carried interest in producing onshore Texan gas well, and has also signed agreements to acquire roughly 14,000 acres on the North Slope and approximately 42,000 of land onshore in the Cook Inlet containing the Catcher's Mitt Prospect. Fox has also recently signed an FIA for 46% of the 211/17 South block containing the Bourbon prospect, estimated by Aimwell Energy Ltd to have a mid case recoverable reserve potential of 167 mmbo. Fox has recently applied for an onshore UK Exploration Operator License for 4 blocks in the South-East of England.