Equity Partner required for Natural Gas Wells

  • Listing id
    ghzmmskx
  • Categories
  • Asking price

    Open to offers

  • Quantity

    1 item

  • Tax
    Not applicable
  • Shipping & Handling

    Shipping to Canada only

  • Payment Terms

    Payment in advance only

    Seller accepts Cash

  • Posted
    1 year ago
Member since July 19, 2018
Please only contact the seller if you are interested in buying or bartering for this item. Spam and fraud will not be tolerated.
The Affordable Business Partner connects Alberta business buyers, sellers, and equity partners. Who can we introduce you to?

A Small Texas Independent Company that specializes in finding Oil and Gas supplies is searching for investors to help finance the drilling of up to 6 Natural Gas Wells in Texas.

Our client is looking for an investor who understands the Oil & Gas Industry and the opportunity that is being presented.

An investment of 1.3-1,500,000 US per well is required. Investors have the option of investing in 1�"6 wells. Initial wells will be drilled at 10,400 ft.

The Company has had discussions with several Mineral Rights Brokers who have accessed the value of their 643-acre mineral rights somewhere between 16,000,000.00 - 27,000,000.00.

The total recoverable proven reserves under the 643 acres is up to 200,000,000.00. over the 6 wells.

The Company will offer 75% Net Royalty to investors so that they may recoup their original investment quickly and then a 50% equity in all further net profits for the duration of the wells.

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