Oil & Gas Exploration and Production Company Investment Opportunity in Chennai, India

Company is engaged in oil and gas exploration and production in India.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
Nil
EBITDA Margin
Operating at break even
Locations
Local Time
8:40 AM Chennai
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Investment
USD 570 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... View More
Includes physical assets worth USD 2.8 thousand
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Business Name
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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
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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