Nasdaq OTC BB listed company seeking $5 MM USD in drilling capital. Funds to be used for leasing rights and to drill 3 horizontal wells in the Eagle Ford Shale in Texas.
Investor to receive shares of listed company and have investment secured by production from wells.
Eagle Ford Oil and Gas (OTC BB "ECCE") is a US domestic oil and gas E&P company. The company currently has a minority interest in 2400 acre lease in Live Oak County Texas and is generating about $50,000/mth in revenue. The company has a LOI for a additional 3400 acres in Wilson County, with a potential of 42 well sites. The Eagle Ford Shale is a prolific Oil and Gas Shale play with wells in the oil basin producing 600-800 barrels/day. All major producers are currently in this location and extensive information is available online on this play. Investors will receive shares of a publicly traded US company with complete transparency.
Contact us on Merar if you are interested investors.