Canadian Oil Company Looking For Investment/Lender
My client has a contract for the purchase of a producing asset. They are experienced and their company currently nets approx $ 90k CAD in monthly cashflow.
NOI For the company in 2022 was: $1,178,008 CAD with verified documentation.
The acquisition Currently produces $150k/mo in cashflow, representing a massive opportunity for them, but most Canadian banks do not lend to small producers, creating an opportunity for an investor.
They are offering, in exchange for an investment of $3.4m CAD, a 35% equity stake in the company. This would offer a monthly return of $72k/month, or approx 25.4% annual return, not including additional future acquisitions.
In addition to the above, two wells will be worked over and reactivated for $100k CAD to increase production from current levels.
Serious inquiries only. My clients are very experienced and want to expand aggressively when the opportunity presents itself.
Financials (USD)
Asking Price $2,458,142
Converted From CAD
Exchange Rate $0.72
Additional Details
Onshore / Offshore Onshore
Production 100 bpd oil/ngl , 260 mcfd gas
Cash Flow 150k/ month
Is Seismic Available? Yes
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