I am currently looking for investors in oil and gas exploration. There are several projects to choose from starting at $1mil and going up to over $10mil. Inside of these projects there are also many options. As with all investments, there is some risk when investing in oil and gas. We will make all risks apparent at the time of investment to avoid any surprises in the future. The time frame of our projects is anywhere from thirty days to productions to a revolving fund that is used for events in the future. The funds will be mainly used to fund leases of land for oil drilling and the cost of drilling the well and running said well. Ridgeland Operating has been in business since 2005 and has been thriving well. For the executive summary visit www.ridgelandoperating.com . Please contact me at the information below to receive and email with investment options, additional business plan, and more information on the company. The fund below is what we are concentrating on at this time.
GG&L Fund Proposal
Ridgeland is seeking a partner to provide initial capital for the development of TWO (2) exploration plays in the Powder River Basin; Minnelusa Fairway and Basin-Axis. Ridgeland and its exploration team will develop a portfolio of drill-ready prospects; market such prospects to a joint venture partner and drill out the prospects on the basis of the joint venture arrangement. Ridgeland will work its existing database containing thousands of leads and current prospects.
The steps in the process opportunity are: 1) Ridgeland shall work its current seismic data in the area; the initial effort will focus on these surveys (Ridgeland owns nearly 100 square miles of 3d seismic and over 7,000 linear miles of 2d seismic in the Powder River Basin. 2) Ridgeland shall generate a portfolio of drill-ready prospects; 3) Generated prospects shall be packaged, marketed and presented to potential JV Partners (Ridgeland will seek a Joint Venture partner from institutional, broker/dealer, private and industry sources. and 4) Ridgeland shall negotiate with a JV Partner that includes cash payment for prospects, participation rights, reimbursement for land and seismic and a carried working interest.
This funding to be used for the purpose of geology, geophysics and land (GG&L) for pursuing oil and natural gas opportunities. The principle functions of which are to fund the scientific and technical efforts, including but not limited to general and administrative expenses, personnel and staffing, purchasing or shooting of seismic or other technical data, leasing and landman costs and acquisition of lease, mineral, royalty or working interest rights. In essence this fund is to financially support all efforts for prospect origination.
Based on our experience, a GG&L fund in the amount of $5 Million would cover GG&L necessary for each of the different plays. If we wanted to enter a more aggressive acquisition program in the basin, however, this amount would be insufficient and would have to be increased. The basic terms of this proposal are as follows:
1. Fund participants shall receive a reimbursement of costs and expenses attributable to prospects as the prospects are generated and sold.
2. Fund participants shall receive 25% of Ridgeland’s cash and carried working interest upon the sale, drilling or conveyance of the leases attributable to the Fund paid by the purchasing or drilling entity.
a. Fund participants shall also share in retained Overriding Royalty interests when the Net Revenue Interests are greater than 82.5%.
3. Fund participants shall have the right to participate in any generated deal without any promote, up to 25% working interest.
This allows you to have an absolute “ground-floor” deal where the carried interest could lead to significant returns on your money.
Thank you for your time,
Kelly Spadafora
kspadafora.ridgeland@gmail.com
