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New Utah Shale Play

New Utah Shale Play

location_on West ,  United States

The content of this promotion has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. Reliance on this promotion for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. Investors should carry out their own due diligence and take professional advice where necessary.

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 £375,000
Minimum £4,000
Investment Raised £0
Previous Rounds £2,200,000
Stage Achieving Sales
Investor Role Any

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This promotion is exempt from the general restriction in section 21 of the Financial Services and Markets Act 2000 on the communication of invitations or inducements to engage in investment activity on the grounds it is made exclusively to ‘investment professionals’ within the meaning of Article 19 of the Financial Services and Markets Act (Financial Promotion) Order 2005 (FinProm); persons believed on reasonable grounds to be ‘certified high net worth individuals’ within the meaning of Article 48 FinProm; persons who are ‘certified sophisticated investors’ within the meaning of Article 50 FinProm; and persons who are ‘self-certified sophisticated investors’ within the meaning of Article 50A FinProm.

If you are in any doubt about the investment to which this email relates, you are strongly recommended to consult an appropriately authorised financial adviser qualified to give advice in relation to investment. This investment opportunity will not necessarily be suitable for all recipients of this email. Applications to subscribe for shares will only be accepted at the company's discretion from persons eligible to invest.