Joseph Damato
Dallas, TX (USA)
Founder/Owner/Principal
Reliance Oil and Gas, Inc.
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Investor
Location:
Dallas
Range:
$100k - $1 Mil
Investor Type:
Angel
Accredited:
Yes
Description:
Funding Types:
- Equity Funding (VC, Angel, PE)
- Business Acquisition/Franchise Funding
Industries:
- Energy
Investment Regions:
- Aruba
- United States
- AK
- AL
- AR
- AZ
- CA
- CO
- CT
- DC
- DE
- FL
- GA
- GU
- HI
- IA
- ID
- IL
- IN
- KS
- KY
- LA
- MA
- MD
- ME
- MH
- MI
- MN
- MO
- MS
- MT
- NC
- ND
- NE
- NH
- NJ
- NM
- NV
- NY
- OH
- OK
- OR
- PA
- PR
- RI
- SC
- SD
- TN
- TX
- UT
- VA
- VI
- VT
- WA
- WI
- WV
- WY
Founder/Owner/Principal
Reliance Oil and Gas, Inc.
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Startup
Location:
Dallas
Industry:
Energy
Year Founded:
1985
Number Employees:
1-10 people
Description:
Dear Sirs,
I'm Co-Founder and Vice President of Reliance Oil and Gas, Inc. we're looking for investors/partners to develop over 1 billion dollars in proven oil reserves in Texas. The company has in excess of $100,000,000.00 in proved developed producing (PDP) and proved undeveloped (PUD) oil and gas reserves. The company has negotiated an additional 1000 proved undeveloped (PUD) oil and gas well drilling locations. We are fully licensed and bonded oil and gas drilling, operating and exploration company, incorporated under the laws of the State of Texas on July 1, 1985. The company is a full service drilling and operating company, with two drilling rigs and two workover rigs in its fleet, along with all the ancillary oilfield servicing equipment necessary to be a full service driller and operator. The Company will conduct its drilling, production, acquisition, development and exploration activities in areas in which it is experienced and knowledgeable in the particular geological basins and use that experience and knowledge to create strategic alliances with qualified industry partners. The Company’s strategy will be to increase its reserves and cash flow through drilling, production, development, exploration and exploitation of its existing properties with proven reserves in Texas. The Company emphasizes the use of 2-D and 3-D seismic, horizontal radial fracturing technology, horizontal coiled tubing drilling technology and computer-aided exploration technology, together with geological and engineering studies of its proposed properties to evaluate and prioritize drilling prospects and production efforts. The Company will focus production and drilling activities on its properties in a relatively concentrated area to permit the Company to utilize its base of geological and engineering experience in the region to maximize drilling success and to minimize development costs. The Company plans to continue to selectively pursue acquisitions of majority working interests and operating rights in properties that offer developmental potential as well as provide operating synergies with existing properties.
As you know these are exciting times for our industry and I believe with some investors/partners we can all look forward to a long lasting and prosperous business relationship.
If you, or anyone in your organization, have any questions, or need any additional information, please feel free to contact me, at toll free: 1-866-OIL-WELL (645-9355) or 1-866-GAS-WELL (427-9355).
Sincerely,
Joe Damato