Timothy Lehman
Bradenton, FL (USA)
Role(s):
Founder/Owner/Principal
To Be Determined
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Startup
Location:
Bradenton
Industry:
Energy
Year Founded:
2009
Number Employees:
1-10 people
Description:
Energy (oil): Our energy company owns mineral leases in KY and TN which contain existing, producible oil wells. To raise initial operating capital we are selling existing inventory from the production of these wells. Inventory is offered up to 18 barrels of oil per day (BOPD) at a rate of $30k per 1.5 BOPD for a 24-month period. During the 24-month period, oil produced will be sold on the open market based on the West Texas Intermediate (WTI) benchmark. Beginning the 25th month, Buyer receives a percentage of working interest for the remainder of production of those wells bought into.