Private Jr. Oil and Gas Company, in Canada, is focused on the development of low risk production of conventional light oil. Experienced management team, seeks funding of up to $10M to consummate LOI on new oil producing/water disposal facility/property, currently producing over 110 bbl of light oil/day, and will include new drilling program. Management estimates that subsequent revenue stream should support drilling programs on both the newly acquired property and current in-house properties (estimated valuation of in-house oilfield and assets is $15M+/-). First goal is to increase production to over 1,000bbl/day (in house projections estimate ultimate potential production of up to 5,000+/-bbl/day).
Current projected revenue stream, using oil priced at $42/bbl (US$), is profitable. Growth is projected to be generated organically without the need for further capital infusion.
Asking Price Between $7,500,000 and $10,000,000
Sales Available On Request
Profit Operating at Breakeven
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