2 wells located in southeastern US, one fully operational and generating $70,000 monthly net income. The other well was capped due to mechanical failure. Capital needed is to make that well fully operational. Investor funds will be secured as a senior deed on the land, assets and reserves. Owner is offering 16% with payback in 6 months and then 2% for life of the wells. Total cash raise of $3m, with $1.5 already in.
The terms are great, the risk is low. We have more due diligence on these wells than you could ever imagine and have a complete data room in our Houston office.
Our major assets include:
1. Gulf Coast oil and gas production and non-producing reserves. 2. An eight mile feeder pipeline connecting to a Chevron terminal. 3. A valuable 3-D seismic library covering 250 square miles of salt dome properties in Southern Louisiana. We have one of the largest privately held, 3-D seismic corporate licensed libraries of Louisiana salt domes, interpreted, among the small to mid-size independent E&P companies operating along the Gulf Coast. 4. Proprietary absorption analysis techniques to accompany our 3-D. 5. An experienced and seasoned management team. 6. A clean capital structure with flexibility to structure transactions with institutional partners.
Please provide yuor full contact info. I have a dear fiend in Denver (Craig Mundt) that
has investors who want to purchase as many oil and gas producing properties
with reserves as possible. I would love to chat with you further and compare notes.