Sokol Energy has the contacts and the projects already in place to efficiently produce large quantities of oil and natural gas, at an extremely high profit margin.
Having been in the oil and gas industry since 1955, mostly in Louisiana and Colorado, we are very well adapted to the Louisiana and Colorado oil and gas arenas.
The funds will be used to acquire additional rig equipment, personnel and some working capital to bring the current production of the oil property to a minimum of 600 barrels of oil per day, within 6 months of funding, and up to 2000 BOPD in 24 months. We are also using these funds and sweat equity to buy into an existing field with proven revenues and production.
Sokol Energy's key members plan for a 24 month turnaround with a 5 year sunset option.
We plan to pursue multiple rounds of funding as the production increases, to fully exploit the fields we have in place to acquire.