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6 Natural Gas Wells in Texas Partner Required

Listed In Category: Business / Commercial > Business For Sale
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Ad Information
Classified Id LCXQABDL
Asking Price Seller is open to offers
Quantity 1 item 
Tax Taxes are not applicable
Shipping & Handling
Seller will ship to Canada Only
Shipping cost is not applicable
Payment Terms
Payment in advance only
Seller accepts:
Cash  
Posted Date12-Oct-2018 10:03:43 AM EST
Expiration Date 11-Dec-2018 10:13:19 AM EST
Seller Information
Helpful member since 19-jul-2018
View Calgary Classifieds Calgary, Alberta, Canada
The seller is no longer accepting offers for this item.
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Classified Details
The Affordable Business Partner connects buyers and sellers of business and investment opportunities in Alberta.

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.

Selling a business is easy. Finding a buyer is not. We offer several options to help you find buyers for your business. Find out how. Visit The Affordable Business Partner
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