Our client, a oil and gas investment company, announced a joint drilling venture in the newly discovered natural gas fields in Val Verde County. The valuation on the Val Verde Oil Well is at 2 billion.
The field that they just discovered last year has just come on line with their first two wells. There are 9 other wells coming on line over the next few weeks. The property has a signed agreement with a publicly traded company to purchase all of the gas. The Val Verde field has massive deposits of gas and pockets of oil.

The company currently owes $73mm in debenture notes at 8.5% and would like to refinance the debenture notes to 3-3.5%.

In addition, they also have a portion of equity for sale.

They are ready to move forward quickly. If you are a direct lender, institutional lender or investor interested in this opportunity please reach out. (No brokers)


Heather
(612) 594-0510