FOSSIL OIL COMPANY LIMITED OPERATIONS – OFFICE LOCATION MOVED
Fossil Oil’s President and Founder, Dennis R. Kittler, has spent the past forty-two years actively acquiring seismic data, subsurface geology and mineral leases near producing oilfields, generating multiple well drilling prospects to provide lower risk multi-zone oil and gas drilling programs. Reaching the age of seventy-six (76) this year, Mr. Kittler has decided to quasi retire from the exploration and production arena and consider other options in the energy industry. The Fossil Oil Company website’s Home Page will remain online to allow for any announcements to be posted. Fossil Oil Company had unfortunately moved limited operations into Mr. Kittler’s home just a few months before Hurricane Harvey and Flood devastated the area of Mr. Kittler’s residence. Much of the boxes of Fossil Oil files were lost in the flood along with the damage caused by nearly 3 feet of water. You can contact Mr. Kittler at the following:
11107 Tupper Lake Drive
Houston, Texas 77042
2017 K-1 Announcement:
Hello Fossil Investor,
By this time most of you know that Fossil Oil Company, LLC is in essence no longer in business. One problem that came to our attention was that our previous CPA did not check off that each of the past Ranken Energy JVs plus several other JVs were to be filing a “Final” tax return in 2016. Because this simple over-sight occurred, Fossil Oil was then required to file a 2017 Federal Tax Return and issue a K-1 even if the value benefit was zero loss. Fossil Oil’s previous accountant was kind enough to file an extension for each Fossil Oil Joint Venture for 2017 tax year. Efforts to find a CPA to prepare nearly 20 JV tax returns have failed. Fossil Oil has no formal office, no revenues, no employees, and very few corporate files remaining as the result of the Hurricane Harvey flood. Fossil Oil has found no accountant willing to prepare the 2017 tax return for any JV for less than $3,000 and there are 20 of them. Management has an appointment with the IRS to see what options exist. None of the JVs have any updated accounting that would have to be done before a return can be prepared. One accountant told management to tell investors to file their tax returns for 2017 without the K-1 and/or take their 2016 K-1 and figure what loss might is still available.
Dennis Kittler – Managing Partner
Fossil Oil Company’s office was significantly damaged by the recent Hurricane Harvey compounded by the Tropical Storm Harvey. As of today, we have limited access to the residence of Dennis Kittler and Fossil Oil’s office within his home. Power has been returned and reconstruction of the home and office is currently underway. We have received minimal assistance from FEMA compounded by no flood insurance has complicated rebuilding. Fossil Oil no longer has any employees since Lisa Kittler has moved on to a new career. Mr. Kittler is currently living outside of Houston until reconstruction is completed. Thank you for your understanding and patience during this catastrophic event.
Fossil Oil Management
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