Private offering by Dallas Operator - Mar 17

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dan_s
Posts: 34463
Joined: Fri Apr 23, 2010 8:22 am

Private offering by Dallas Operator - Mar 17

Post by dan_s »

Larimer County Energy Fund LP offered by https://kingoperating.com/ has some openings.

Call Brad at the number below if interested.
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Nice speaking with you this morning Dan.

Attached is our Larimer County Energy Fund LP executive summary. To demonstrate the scalability of our project and after consultation with our technical team, the scope of the initial proposed field development has been reduced to sidetracking three existing wells to develop 2,500 foot lateral sections in the Niobrara formation and to develop the Basement natural gas opportunity in our first phase of drilling.

King Operating Corporation’s sponsored program structure is DIFFERENT than over 90% of the companies sponsoring energy programs because the investing entities own one hundred percent (100%) of the oilfield being developed and our focus is on the END IN MIND. This means we invest in the program, scale it proportionately and divest within a manageable time frame. These two factors differentiate King Operating Corporation from other oil and gas program sponsors.

The project has been de-risked substantially by purchasing a field that has produced over 8 million barrels of oil and is projected to contain an additional 20 million barrels of recoverable oil. The produced and projected recoverable oil originate from a single pay zone: Muddy ”J” formation. Additional field work will be performed to further exploit the Muddy “J” formation and other possible targeted formations once the initial field work described above is achieved.

Fund Highlights:
Monthly Income - After initial drilling and reworks are completed, potential cash flow up to 15-20% could be realized.
Scalability – The Partnership is leasing up to 20,000 oil and gas mineral acres. Due to the magnitude of the acreage position, numerous drilling locations exist which provides extensive scalability.
Exit Strategy – Several potential alternative exit strategies exist during the life of the project. Divestiture could happen within 1-3 years targeting 3:1 returns.
Up to 80% Tax Deduction for 2020 - First year deductions of intangible drilling costs (IDCs) and bonus depreciation deductions (expense 100% of tangible costs) may produce up to an 80% income tax deduction with the income tax savings significantly reducing the actual investment amount.
Diversify your portfolio – Opportunity to prudently to diversify your portfolio among equities (stock market), real estate and oil/gas ventures.
I also wanted to share a recent article where Goldman Sachs expects oil to be at $65/barrel by third quarter next year.

This one minute drone video highlights our Larimer County Energy project.

I look forward to following up over the next few days to answer any questions you may have.

Thank you,

Brad Holden
King Operating Corporation
(972) 447-3571
Dan Steffens
Energy Prospectus Group
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