Details

Need to sign NDA , proof of funds and bio to connect with seller and full details on property.

7 Income Producing Oil Field Properties In California - $218MM

Estimated November 2019 Gross Revenue is $2.8MM with an associated Net Income of $1.4MM
Estimated Potential Present Worth Value discounted at 15%.
Potential Recoverable New Oil Reserves Is Over 60MM Barrels.

PRICE: $218MM

Timelines
November 2019: Letter of Intent and Proof of Funds must be submitted.
Before the end of 2019: Closing and execution of Purchase and Sale Agreement.

This Acquisition/Exploration Opportunity is located in California and comprises existing oil production coupled with substantial development potential.

The Disclosing Party’s estimated Economic Potential for this Acquisition
is as depicted in the graph pic above

Key Highlights
Current producing rates from the Acquisition exceed 1,000 Barrels of Oil per Day.
Estimated November 2019 Gross Revenue is $2,800,000 with an associated Net Income of $1,400,000.
Potential exists to increase oil production to over 5,000 Barrels of Oil Per Day.
Recoverable Oil associated with the Acquisition could exceed 60,000,000 Barrels.
Disclosing Party’s Company is prepared to handle operations on the Acquisition. Resumes for the operating team of professionals will be provided for Investor’s review.
At the Investor’s option, the Project will be developed utilizing the following options:
An influx of Investor Capital for New Drilling and Workovers
Existing Cash Flow for New Drilling and Workovers; or
A combination of Items 1.) & 2.).

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.