New Rigless Artificial Lift Tech for Oil and Gas

Texas

Amount Sought: $2,000,000
Funding Wanted Details
Listed on Sep 7, 2022

Optimized Integrated Lift Systems (OILS) has completed its R+D of the patent pending Roban Lift System in Texas and is seeking equity partners to fund its commercialization.

The Roban System eliminates the need for pipe, rods, rigs, pump jacks, etc. and can produce more than 100 bbls/day of fluid from Oil or Gas wells, depending on depth and casing size. The Roban System also eliminates issues with solids, paraffins, and other wellbore contaminates.

OILS has a two-tiered revenue plan that includes both, long term rentals of the Roban System to existing Operators and acquiring Oil and Gas Properties to install our own production technology. We will also recover and sell the current production equipment (pipe, rods, pump jacks etc) as the wells go down.

The company is currently manufacturing Robans in Texas and have several months of orders from existing operators to complete. Growth Funds will be used to expand the manufacturing facility to allow the company to market openly, and to exploit our own production opportunities.

Additionally, OILS has its own service division, currently one Coiled Tubing Unit Suite, that is set up for rig less cleanouts, abandonments, and rig less stimulations. We currently utilize it for existing operators and will use it on our own production once the pipe and rods have been eliminated and the Robans have been installed.

Access to the business plan, projections, current financials etc, is available on completion of our standard NDA.

Serious enquiries only please.

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Financials (USD)

Amount Sought $2,000,000

Type Sought Equity

Use of Proceeds Growth Capital

Deal Terms

Offering Memorandum Or Prospectus Available? Available On Request

Willing To Pay Finders Fee? Yes

Willing to Co-Broker? Available On Request

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