Global Energy Solution bought Singapore's
Risco Energy United States subsidiary
company Risco La Sara on the verge of
bankruptcy for $500k. By identifying key
missteps made by two previous operators, we
rapidly stepped up oil and gas production at a
fraction of previous capital expenses. Within
8 months, we received an offer of $90 million.
Global Energy Solution purchased a legacy natural gas field
in South Texas from Cabot, 50% owned by Exxon Mobil. We
stabilized production and reduced expenses, ultimately
taking over operations and securing a long-term asset
ready for capital deployment.
Global Energy Solution identified shut-in
wellbores in South Texas near offsetting
activity. With an initial seed money of $50k,
we returned 5 wells to production.
Reinvesting revenues from these wells, we
ultimately exited the field for a total return
of $1.5 million in one year.
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