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07-30-2015, 11:41 AM #1
- Join Date
- Oct 2014
- Posts
- 47
Oil & Gas Company seeking funding...
Anyone out there knows of anyone interested in funding an Oil company (working capital, private equity etc. Owner opened to all type of scenarios.
Here are the highlights;
• 3 areas ready to drill(NY/PA, Wyoming, Nevada
• Federal leases(controlled)
• Permits in place
• 3d Seismic work done
• Reservoir Report done “NO WILDCATTING” (shows the exact amount of oil in place, type of oil etc.)
• Take or pay agreement from refinery in place
Return on investment;
• For NY/PA Begins at month 2
• For Wyoming begins at month 3
• For Nevada begins at month 4
• 80% WI to investor before payback, 50% working interest after payback
Capital required;
• For NY $12.4M (92 wells) $3.2M to get started on the first 24 initial wells.
• For Wyoming $21M (10 wells) $2.1M to get started on the first initial wells.
• For Nevada $104M (17 wells) $8.2M to get started on the first two initial wells.
Earned money to investor/funder at 50% WI (working interest)
• NY total for year 1 $12.4M, NY total for year 2 $11.9M
• Wyoming total for year 1 $35M, total for year 2 $34.8M
• Nevada total for year 1 $271M, total for year 2 $367M
Partnership is for the life of the company
For more info leave your contact information
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