Nellis & Katz LLP | A Business Law Firm | Enhancing Oil and Gas Fundraising
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Case Studies

Enhancing Oil and Gas Fundraising


Initiation

An oil and gas company wanted to raise funding, and in connection therewith to show their pipeline potential.
The majority of registered funding documents only show the proved reserves, rather than the development pipeline for oil and gas.  This oil and gas company wanted to provide a fuller picture of reserves.
 

Execution

Our personnel worked with the company and independent reserve engineers to provide a report showing the company’s proved oil and gas reserves.  In addition, following securities law, our personnel drafted disclosure for the fund-raising documentation for the company, showing not only the company’s proved reserves, but also its probable and possible reserves.
 

Resolution

Fund raising documentation provided a fuller picture of the company’s oil and gas reserves, including its proved reserves, as well as its probable and possible reserves.  This fund raising documentation was reviewed by the United States Securities & Exchange Commission (“SEC”) to which the SEC provided limited comments.