Huge Oil Company Seeking Growth Capital
www.GlobalBX.com
Listing ID:
700183198
Listing Title:
Huge Oil Company Seeking Growth Capital
Quick Link:
http://www.globalbx.com/listing.asp?bId=183198
Industry:
Business Services
Industry Segment:
Other Services
Country:
United States
State / Province:
Colorado
Area
City:
Asking Price Range:
> $35.0M
Gross Revenues:
$75,000,000
Cash Flow:
$45,000,000
Cash Flow Type:
EBITDA
Year Established:
2004
Number of Employees:
> 200
Business 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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