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Details - Information last confirmed on September 10, 2020
Energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States.
Capital will be used for further acquisitions of oil & gas lease-holds and related capital expenses. Revenues will be used to pay dividends and acquire new sites.
The Company specializes in the business of reworking & recommissioning ‘existing’ oil & gas wells located in the thousands of mature oil & gas producing fields across the United States.
There are literally thousands of wells that were abandoned while still commercially productive in their zones of completion. Often these wells are fully or partially equipped for production. Many of these wells can be acquired for little or no cash outlay and then returned to commercial production. The cost to place the wells back into production is minimal when compared to wells that have to be drilled, completed and equipped.
The Company’s management team has a proven record of success in the industry and intends to foster rapid corporate growth through its ability to identify, acquire interests in, and rework oilfields that offer exceptionally attractive risk/reward parameters.
The Company applies its knowledge, experience and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest.
Three year exit strategy. Oil can be recovered for significantly less than $20 a barrel.
Capital Raise: (share offering) U.S. Dollars 1,125,000 20 % equity, 9% Three years annual dividend.
Exit Strategy: Three year via Merger, Acquisition or IPO.
Purpose of Equity Raise: Further acquisitions of oil & gas lease-holds and related capital expenses.
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