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Business For Sale
PRODUCING OIL & GAS PROPERTIES
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Asking Price: |
$14,500,000
USD USA Dollars
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Business for Sale Industry: |
Miscellaneous: Non-classifiable
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Reason for Selling:
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Seeks Investment Partner |
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Year Established:
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1990 |
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# of Employees:
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6 |
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Yearly Revenues:
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$16,000,000 Proj. |
Business for Sale Overview:
Producing Oil and gas field Company has an experienced management team focused in South Louisiana onshore oil and gas exploitation plays.
Company seeks mezzanine financing of $14.5 million to fund acquisition and development costs for the development of the Field. 3d Seismic has been completed identifying substantial reserves of oil and gas.
Property Features and Assets:
Loan profile:
Net A/T cash flow sweep of 90% for the first 6 months, then 80% thereafter.
Rapid repayment of loan (less than two years).
Interest rate projected at 12%.
Equity participation TBD.
Oil Prices used in Projections: $60.
Gas Prices used in Projections: $ 6.48.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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