All Proven Oil Reserves Deals Must Have....
1. Current production assets. No secondary recovery
2. 30- 40 years duration decline curve preferred.
3. Proven reserves, not exploration/wildcatting.
4. Known operators. May stay on board and sell off 80% of company, or sell entire company if we have a known operator partner coming in to run prospect.
5. Need reserve reports: P1, P2 and P3. Reserve report SEC approved.
6. Need to understand risks on leases and primary terms on acreage.
7. 1,000 barrels/day production, with opportunity for infield expansion
8. Acquisition opportunities exceeding $70MM
Acquisition targets that are either owned by the seller or those that a legal contract option to purchase exist between the client and the seller only.