AIN
New Utah Shale Play

New Utah Shale Play

location_on West ,  United States

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Short Summary

Freedom Energy E&P, a closely held oil exploration company, seeks capstone funds for its project in central Utah. With over $3.0 million invested, we have discovered light, sweet crude oil in a 300' thick naturally-fractured shale zone.

Highlights

  • The first Eagle Ford Shale (Texas) discovery sold for $15.1 billion
  • Our Mancos Shale discovery is analogous to the Eagle Ford but twice as big
  • Five wells have been drilled with two close to commercial production
  • Oil is light, sweet crude with high API sold to refinery
  • Major drilling and development potential for merger/acquisition

Overview

Target ZAR 8,800,000
Minimum ZAR 90,000
Investment Raised ZAR 0
Previous Rounds ZAR 53,000,000
Stage Achieving Sales
Investor Role Any

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