Oil & Energy - Calgary, Alberta, Canada
Investment firm for oil and gas opportunities.First Project - Seed Funding for oil drillingRaising US$5 million (C$6.5MM) private equity financing to prime self-funding capital generating oil startup. Drilling of 10 oil wells in 2020 in central US basins. These basins are some of the most prolific conventional oil producing areas in North America. Expect to generate free cash flow for investment payout over an investment horizon of 4-5 years. Expected internal rate of return of >25% or 3x multiple. Second Project - Canadian oilsands properties have been evaluated for farm-in. Investment of US$10 million to US$80 million to get started. Prime opportunity for investors with 10-15 year investment horizon.Investor exit strategies will include share buybacks, dividends, complete divestiture or IPO.