Johnny Horner
Stillwater, OK (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Choice Petroleum Company
Find More Startups
Startup
Location:
Stillwater
Industry:
Other
Year Founded:
2016
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
"C" Corporation
Description:
Seeking Above $10 Mil Funding for Oil Exploration Project in the Bahamas. I have first Oil Exploration permit in the Bahamas. This is real.
Choice Petroleum Company is a startup business located and incorporated in the Bahamas. We are in search of Above $10 Mil in startup business funding so that we can complete Seismic Imaging on Long Island, Bahamas our first Island. Right now, Choice Petroleum Company currently is in the start up phase of the project. Start up begins with the completion of the Seismic Imaging to reveal Oil Shows formations for the purpose of obtaining information for the drilling process. Seismic Imaging has already been completed off-shore. Here are some additional details relating to the type and use of funds that we are looking for. Choice Petroleum Company currently plans to use any raised funds primarily for the following purposes: As stated above, the following are operations that will be completed or started; Seismic Imaging on First Island, Oil Storage including pipeline, storage tank facility and jobsite offices. We will also set up Operating/Growth Capital (Payroll, Sales & Marketing, etc). With that in mind, Choice Petroleum Company is most interested in receiving capital from these types of funding sources: -Equity Funding (Venture Capital, Angel, Private Equity, etc) -Alternative or Loan Funding
Company Name: Choice Petroleum Company
Average Monthly Sales: Above $10,000,000
Purpose of Funding: Equipment Financing, Operating/Growth Capital (Payroll, Sales & Marketing
Location: The Islands of the Bahamas.
Year Founded:2016
Request Date:2/1/2020
Funding Type(s):Alternative or Loan Funding, Equity Funding (Venture Capital, Angel, Private Equity, etc)
Add’l Information: The U.S. Coast Guard’s Oil Spill Readiness Response Planning Procedures Were
Implemented January 30, 2012
The USGS 2012 petroleum assessment of the Bahamas Platform is estimated at 1.6 billion barrel Barrels
of oil and 126 million barrels of natural gas liquids.
Tenneco in a 1986 internal report states Oil Projections in the Bahamas are more than 17.8 Billion Barrels
of Oil with Tenneco estimating the Oil resources of thee Bahamas has the potential of having “10’s of
Trillion of Dollars in revenues.
Wells with similar carbonate facies are in the Gulf of Campeche, and have initial production rates up to
37,000 Barrels of oil per day.