February 23, 2009
An independent oil and gas exploration company plans to deepen a previously drilled well in Central Texas with expectations of finding a significant oil and gas reservoir. In 2006, this well was temporarily stalled due to financial considerations after a $2,500,000 investment that took the well to 12,120 feet. The main geological objective was not reached, which geologists estimated to be about 3000 feet deeper. The geological team has evaluated the well logs and other relevant data and they have concluded that the probability of discovering significant hydrocarbon reserves at this location looks more compelling now than it did before starting the original venture.
The electric log from the original well has been analyzed by a highly reputable professional log analysis company and they have determined that there is a shallow “bail-out zone” behind casing which will probably produce about 300,000 cubic feet of natural gas per day if it were to be perforated. Three PhD earth scientists (two are professors associated with major universities) have analyzed the hard data collected to date and found additional evidence that leads these professionals to believe that there will be producible hydrocarbons from this well bore. Upon discovery of oil or gas, this small company, with its currently leased acreage block (8,000 acres) will be well positioned to be the leading company to develop this part of Central Texas. Minimum $50,000, maximum $5,000,000.
If you are interested in this investment opportunity please contact us at the Energy Exchange for more information.
February 14, 2009
If you do not believe Edgar Cayce is credible then read no further. In the 1920s, Edgar Cayce gave several readings that said that a Mother Pool of Oil was located at a specific spot in Central Texas. As strange as this seems, this prospect is supported by a significant amount of modern technical data, including a deep water well that flowed oil to the mud pit while drilling. A very recent geological study from a highly respected geological engineering consulting firm determined that there is a high probability that much of this acreage (17,000 acres) will produce oil. A separate PhD geophysicist’s study concluded that the area contains a huge oil field.
There has never been any oil production in this county; however, the acreage has never been adequately tested. This is a wildcat drilling venture; however, based on the technical data, this project has a very high reward-to-risk ratio. Minimum participation $10,000 (only from private shareholder); maximum available $1,000,000. Contact the Energy Exchange and Project Coordinator, David Allisone will contact you with additional information.
February 11, 2009
This is the first company in the USA that is generating electrical power from biodiesel made from inexpensive feed stocks (i.e., chicken fat, pig fat, and waste soybean residue). The beauty of this strategy is that the electrical grid is obligated by law to purchase all the power that this company can generate. Unlike wind or biomass, biofuels power is easily installed in urban settings and the economics greatly exceed that of solar or hydrogen cell generation. This company has already achieved breakthroughs with the following events:
1. Developed the nation’s first grid-connected biodiesel powered electric generation plant.
2. Purchased a heat recovery steam generator which makes steam from the exhaust heat from the turbine providing a Combined Heat and Power Project which increases efficiencies and profitability of the power plant.
3. Developed a process to use cheaper fuels through trans-esterification of off-spec oils and gasification of waste products such as glycerol.
This company has recently been approved by the SEC to begin public trading. There is currently a Private Placement Offering for $7,000,000 (minimum participation is $25,000).
Please contact the Energy Exchange if you would like more information about this investment opportunity.
January 5, 2009
As from last week, under new Securities and Exchange Commission (SEC) rules, investors will have much more information on which to base their investment decisions. Business Week reports that the changes, the first in 25 years, are intended to reflect improvements in the technology used by companies to determine their proven reserves. It also requires that petroleum companies’ assessments of their reserves be independently audited.
For a complete list of the new revisions see the full article here – http://www.businessweek.com/ap/financialnews/D95CJU0O1.htm – but, overall, these changes should provide better protection for the investor in terms of allowing him or her to make informed decisions.
December 31, 2008
President Bush says that the USA should be aggressively building refinery capacity, however new refineries must clear very high environmental hurdles. This small independent refinery in Utah is already permitted and needs funding for a planned major expansion. It is located in a remote area away from population centers and it is the closest refinery to the major oil reserves in the oil sands of Eastern Utah. These proven oil sands will be developed – it is only a matter of time. The other refineries in Utah are owned by major oil companies (Chevron, Phillips, Flying J, Sinclair) and are all located in the Salt Lake City metropolitan area.
This independent refinery is strategically located adjacent to a rail line, a pipeline, and it is just off Interstate 70 between Salt Lake City and Denver, Colorado. The near-term focus, following refurbishment and the resumption of operations, will be to produce gasoline and diesel fuel. Later this refinery plans to upgrade its processing facilities, add a rail trans-loading facility and add the capacity to process heavy oil from the Eastern Utah Oil Sands. This Refinery has the potential to gradually expand into a major commercial refinery as the Utah Oil Sands become a major source of oil for the USA. This refinery seeks immediate capital infusion of $12,000,000 with a commitment for at least a second equivalent tranche six months later. Minimum participation is $120,000.
Please contact us at www.enex.com if you would like more information about this investment opportunity.
December 29, 2008
A group of highly qualified engineers, geologists, and electrical log analysts have united to form a new oil company to re-enter shut–in wells along the Gulf Coast and produce the oil and gas that was left behind by the large oil companies. Two of these engineers are former Schlumberger Engineers. The President of the company wrote the training manual for Schlumberger on how to find oil from old electric logs. The Company also has a logging tool that can find oil behind pipe that cannot be seen with standard logging tools. Funding in the range of $50 to $800 million will be required to purchase the remaining Proven Developed Producing reserves (PDP) in mature oil and gas fields, each of which will be structured as a separate LLC. The purchaser of these currently producing reserves will receive a good Rate of Return while the Company will use money from its $5 million Private Placement Offering to increase the production from these old wells. Smaller investors may participate directly in the Private Placement Offering for a minimum of $100,000.
Please contact us if you would like more information on this project.
December 26, 2008
An independent oil company believes that it has located a potential billion-barrel oil field in a region of Central Texas called the Texas Overthrust. New evidence now absolutely proves that this region has a granite plate over-thrusting sedimentary rocks that are known to contain hydrocarbons. This new information confirming the “overthrust theory” as an actual “overthrust zone” makes this venture more attractive then ever because some of the largest oil fields in the world have been found in similar overthrust regions.
A foreign oil company committed to completely fund this project and drilling will begin in 2009. This project is still being carried because there is an oil company participant who wants to diversify some of his holdings into another project. Large investments are no longer available; however, some private shares are available for as low as $10,000. Please contact us for details.
December 24, 2008
An interesting piece from last night’s Rachael Maddow Show on MSNBC which touches on some of the oil company activities highlighted in Antonia Juhasz’s book, ‘The Tyranny of Oil’ (see earlier post). Most people agree that new sources of oil need to be found. The question that needs to be asked is “at what price are we willing to get this oil?”.
December 22, 2008
The Energy Exchange is an association of independent petroleum engineering, geological, and financial consultants. Dozens of projects are available directly from their clients at participation amounts ranging from $10,000 to $10,000,000,000. Here is one of their selected projects in various levels of risk:
The distribution to these natural gas purchasers so far this year has ranged from 22% to 37% annualized return cash-on-cash invested. Investors may purchase a specified quantity of natural gas in the ground at a substantial discount price (i.e., you buy 50,000 MCF at $2 per MCF) and sell it at market price when it is produced. The company is obligated to produce, deliver, and sell your gas to market to meet the required deliver schedule, regardless of the outcome of any specific gas well re-connection activities.
This specific quantity of gas belong to you. Your gas will be placed in an LLC that you completely control. Any time after the first year, the Company will buy-back your unsold gas at your original purchase price. This policy not only gives you liquidity, it also protects you against loss of your capital. Payout is about 4 years at current gas price level. Call 281-770-6639 to get participation criteria.
We will be outlining further selected projects in future posts, so watch this space, or contact ENEX for a full listing.
December 15, 2008
Now, as a potential investor, there are two ways to view the book I have just read by Antonia Juhasz called “The Tyranny of Oil: The World’s Most Powerful Industry – and What We Must Do to Stop It. The book, just published by Harper Collins [ISBN 978-0-06-143450-1], and available at your local library it seems, is a damning indictment of an industry that is under-regulated, secretive, controlled by too few people and which wields excessive power and influence over U.S. elected politicians, all to the detriment of the citizens of the United States and anywhere else it finds itself operating, their economies, and the world’s environment. Don’t let their adverts fool you into thinking they are ‘part of the solution’ – they are no friend to alternative energies, as Antonia’s book reveals.
The ‘here-we-are-again’ history outlined in the book is particularly interesting given the excesses of “Big Oil’s” previous incarnation – John D. Rockerfeller’s Standard Oil Company, which had to be broken up in the early nineteen hundreds because of the dark excesses of its monopolistic hold over American democracy. Now, the spawn of that breakup have, with the anti-reglatory ideology of the Reagan and Bush years, once more merged back together to the point where their unbridled greed and power is once again threatening the very democracy of the United States. Juhasz argues that ‘Big Oil’ must be broken up again – and this time permanently. It is a great and sobering read for anyone interested in the oil industry, and there is further information and interviews with the author about the book to be found on the tyrannyofoil.com website.
What does it mean in terms of investment in the industry? Well, if you are a futures trader then I would advise a career change, probably sometime in the next 6 – 12 months. I think for the smaller investor it will actually open up many more opportunities as the industry is split up into different operating entities, such as production, refining, marketing and so on, and when more independents are encouraged to re-enter the industry again. As for those of you thinking more in terms of some Exxon shares, perhaps you might like to read Antonia’s book before making that decision – there are always two ways of looking at these things.