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Roberta Caputo
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TURNKEY OPERATION FOR AN ABSENTEE OWNER! Own 50% Working Interest of an Oil and Gas lease on a 160 acre site with a 100% W.I. and 70% NRI. Reserves of 200MB/oil and 350MMCF/gas. 3D seismic survey report done. Full on-site facility with oil & water tanks. Operator/seller will fund 1 of 2 rework options that will restart production at 50 BPD within 1 month and continue gradually to increase to 150BPD in 1 year . No additional funding needed from new owner. Seller will consider a joint venture partner.
Asking Price:
$1,400,000
Gross Income:
$2,619,000
(last 12 months)Cash Flow:
$1,309,500
(last 12 months)Inventory Value:
Undisclosed
| Year Established: | 2001 | Business is Closed: | No | |
Seller Financing Available:  |
No | Owner Operated: | No | |
| FF&E included: |
No | Home-based: | No | |
| FF&E Value: | Training provided | No | ||
| Real Estate is included: |
No | Easily Relocated: | No | |
| Value of Real Estate: | $0 | Number of Employees: | 0 | |
| Real Estate Square Footage: | 0 |
To generate capital for other projects.
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