Oil & Gas Exploration and Production Company Investment Opportunity in Chennai, India
Company is engaged in oil and gas exploration and production in India.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Oil & Gas Exploration and Production |
| Locations | Chennai |
| Local Time | 9:48 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
500 thousand
for
20.0%
stake
(Native Currency: INR 40,000,000)
Reason: For providing bank guarantee to be attached to application for 4 oil wells in Krishna Godavari Basin...
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Includes physical assets worth
USD
2.4 thousand
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Business Name
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User Verification
Documents
Balance sheet FY 2016-17
(352.4 KB)
Company Valuation document
(304.2 KB)
Certificate of Incorporation
(53.2 KB)
ROC-Verification.pdf
(59.4 KB)
Business Overview
- Chennai based company engaged in production of oil & gas.
- The investment is for providing bank guarantee to Govt. of India and not for daily financing. We are investing Rs. 3 Crore into this project.
- We are currently trying to get oil & gas exploration contracts from the Indian govt through HELP policy and OALP Policy.
- We are in talks with with the Directorate General of Hydrocarbons and expecting to participate in bidding for the license started in Sept 18th 2018 and ending in Jan 18 2018.
- It will be an open source oil contract which will make us eligible to sell to any private or government entities.
Products & Services Overview
Oil and gas production, exploration and sale.
Facilities Overview
Rental office with 400sqm. space in chennai.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysManaging Director, Infrastructure, Bangalore, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysPresident, Lyon, Financial Consultant connected with the Business
-
Earlier than 15 daysManaging Director, IT, Bangalore, Corporate Investor / Buyer connected with the Business
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