Business Overview:
7 year established company.
Net Present Value of Project: PV10
PV10 including residual value is $46,181,489 based on financial forecast and engineering reports assuming oil price at $60 per BBL
Exit Strategy
Cash flow distributions/ refinance event distributions
Equity Request
This company already has millions invested with logs and a references and a long list of success stories.
Company is seeking $2 million of equity funding to fund re-completions and
development drilling in three fields in Texas and Louisiana as well as some
funds for additional near term development project to be identified. The
balance of funding needed will be provided by a lender.
Proposed Project
1. Humble field redevelopment, Harris County, Texas
2. Englehart field development, Colorado County, Texas
3. Kings Dome extension/James formation, Bienville Parish, Louisiana
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Market Competition and Expansion:
No competition
Additional Details:
- The property is owned.
- The owner is willing to train/assist 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.