Status: Off The Market
This company is offering an oil and gas royalty interest package. It contains royalty interest in over 1600 producing oil and gas well in the US. This offering has to close by October 1st so come get it before it's gone.
1-4 new holes drilled per month that increase the cash flow by 1-3k per month.
Risks are associated with the price of gas. Some of these have price floors locked into the interest. Growth will continue as most of the interests are in large public companies reserve holding such as Conocco Phillips, and Exxon Mobile.
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|Industry:||Oil & Gas Extraction|
|Sales:||Between $500 Thousand And $1 Million (600,000)|
|Profits:||$500K - $1MM (600,000)|
|Profit Type:||Cash Flow|
|Asking Price:||$5MM - $7.5MM (5,000,000)|