Offshore Oil Production Company Seeking Loan in Calgary, Canada
Pre-revenue energy venture seeking investment to acquire producing oil wells and natural gas assets.
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Offshore Oil Production |
| Locations | Calgary |
| Local Time | 9:41 AM America / Chicago |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
366 thousand
for
4.0%
annual interest,
25
years
(Native Currency: CAD 500,000)
Reason: Seeking initial loan to acquire production equipment for an upcoming oil and gas production business...
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Collateral Available: USD 0
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Business Name
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Documents
Certificate of Incorporation
(75.5 KB)
Business Overview
- Operates as a pre-revenue oil and gas venture focused on acquiring existing onshore producing assets.
- Intended products are unrefined crude oil (measured in barrels) and pipeline-quality natural gas (measured in MCF/MMBtu) produced from currently operating wells.
- Crude oil output would be sold to nearby refineries, storage terminals, or licensed crude oil traders under standard spot or offtake contracts.
- Natural gas production would be sold into existing gas gathering systems or local utility pipelines at prevailing regional benchmark prices.
- The business strategy targets mature, low-decline producing wells with established production history, existing infrastructure, and active offtake arrangements.
- Currently does not own producing assets and has not commenced production, as acquisitions are dependent on securing investment capital.
- Intended products are unrefined crude oil (measured in barrels) and pipeline-quality natural gas (measured in MCF/MMBtu) produced from currently operating wells.
- Crude oil output would be sold to nearby refineries, storage terminals, or licensed crude oil traders under standard spot or offtake contracts.
- Natural gas production would be sold into existing gas gathering systems or local utility pipelines at prevailing regional benchmark prices.
- The business strategy targets mature, low-decline producing wells with established production history, existing infrastructure, and active offtake arrangements.
- Currently does not own producing assets and has not commenced production, as acquisitions are dependent on securing investment capital.
Products & Services Overview
Unrefined crude oil sold to refiners and traders, and pipeline-grade natural gas sold to utilities or gas buyers.
Assets Overview
The business does not own any tangible assets at the moment.Intangible assets include incorporation certificate.
Facilities Overview
The business plans to start operations from a leased facility, a location is yet to be finalized.
Capitalization Overview
The business is owned by a sole owner. There are no debts in the business.
Recent Activity
-
Earlier than 15 daysCEO, Markham, Financial Consultant connected with the Business
-
Earlier than 15 daysCredit Professional, Dartmouth, Financial Consultant connected with the Business
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