stage

Country: Netherlands

New Utah Shale Play

New Utah Shale Play

location_on West , United States

Overview Pitch Details The Team Documents

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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	€425,000
Minimum	€4,000
Investment Raised	€0
Previous Rounds	€2,600,000
Stage	Achieving Sales
Investor Role	Any

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