Huge Oil Company Seeking Growth Capital
Location Colorado,United States
Asking Price Range > $35.0M
Gross Revenues $75000000
Net Profit / Cash Flow $45000000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2004
Number of Employees > 200
Relocatable No
Number of Employees > 200
Real Estate Leased
Reason for Sale Seeking expansion capital
Description Oil company with assets in Texas, Louisanna , Colorado and Alberta Canada with major oil fields producing currently 1100 barrels per day and over $45M/yr in profit is seeking expansion capital. Our company is currently acquiring this asset for $130M (including expansion capital needed to service it) and we're seeking $80M in debt (cash flow of property supports high interest debt). Properties have 900 million barrels in proven reserves with 500 million barrels of proven producing reserves. Huge potential
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