Oil and Gas Investment Opportunity, Southwest Region

Property Description

Oil and Gas Investment Opportunity Oil and Gas Investment Opportunity

Experienced oil and gas company seeking $10 million in equity.

Intended use of funds: Asset purchase of existing oil and gas drilling and workover rigs, vehicles and equipment from USA companies and initial operating capital.

This company proposes to acquire drilling and workover rigs for the Oklahoma / Texas oil and gas industry. The business will execute Asset Purchase Agreements from current owners / banks are being negotiated. All drilling and workover services will be performed at the customer's site.

This company has managed to get 25 MSA's which are primarily with Occidental Petroleum, Exon and the major players in the area. Each MSA is worth $1 million dollars.

Payback shall come from a major refinance (estimated to be $65 million within 6 to 8 months).

Additional funds will be available from a trade program that is paying at a rate of 40% per month rate.

The company will can insure the $10 million investment which will be from a bonded insurance policy that will be obtained through Bloomberg (or at least that is the anticipated insurer as of today).

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Oil & Gas

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