Acquire a producing oil company with a team that has extensive local experienceThe Business
The Company holds a license to use subsurface mineral resources in the Urals region. Currently, production tests are being run on the licensed area. Tests include the drilling of 6 wells: two for production and four for exploration.
The Company’s crude production in 2008 exceeded 48,000 tons and 99,000 in 2009. Total initial crude oil reserves are estimated as 14 million tons (C1+C2) and recoverable reserves of 6.6m tons. Maximum annual production of 700k tons is expected by 2017. Cumulative oil production by the end of 2029 is forecast to be 6.5m tons. Oil product is shipped by rail from a nearby terminal.
Market
The Company is an operating enterprise with:
Management and staff team that have in-depth local industry knowledge; Current oil production;
Recoverable oil reserves of about 6.6m tons;
A license to use subsurface mineral resources until 2025;
Staff of 58 high expertise workers;
Potential to acquire additional licenses through auctions.
Shares of the Company are fully owned by two shareholders that are interested to sell the entire business.
Sector: EnergySegment: Oil ProductionRegion: RussiaFinancing Size: $1m to $5mContact: Artyom Dymskoy, Managing Partner
Company: ALM Feldmans Telephone: +7 495 258 5058Email: [email protected]