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PinPoint Xploration Inc. (PXI) has been created to perform oil exploration and stake land claims in Canada, focusing on areas which currently have not been explored or claimed. Only 5% of the total expected oil reserves in Canada have been explored and staked. The company strategy is to build a reserve base in Ontario, establish production and cash flow, and then expand operations to other unexplored areas in Canada and around the world. PinPoint Xploration owns and leverages the world's first FLS-LiDAR oil sensing laser system for the purpose of oil exploration. With a team of specialists that boasts over 50 years of oil exploration experience, PXI will use this proprietary technology to accelerate the exploration process and mitigate risk before the drilling process even begins. In conjunction with conventional exploration techniques, this technology will increase the efficiency of the exploration process while significantly reducing the environmental impact of exploration. PXI has developed a unique exploration strategy using this technology that will reduce finding costs and increase rates of return for PXI's shareholders, while giving PXI a competitive advantage over any other oil exploration company. |
PXI is in operation to generate and develop its own prospects and build a portfolio of properties containing proven oil reserves to be developed in the best interest of PXI's shareholders. The goal is to prove PXI's proprietary exploration process by building a sizeable portfolio of properties in a short period of time, leveraging the PXI competitive advantage to grow rapidly into a world class exploration company. PXI will drive a high growth rate by continuing to aggressively conduct exploration while constantly producing from its existing reserves. PXI will achieve this by exploring completely new prospects in unexplored areas, as well as already-identified oil pools to search for additional wells. PXI will continually explore Ontario for oil reserves and claim as much of the remaining reserves as possible, while also expanding operations into other unexplored regions in Canada and around the world. |