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Welcome to our comprehensive profile on Energy Finders Inc.
(OTC: EGYF)
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OVERVIEW
Energy Finders INC. is a U.S. based company dedicated to the goal of being a large independent in the exploration and production of oil and natural gas. The company' mission is to create value for their shareholders by applying strong technical expertise to strategies that will unlock substantial oil and gas resources in areas where production can be achieved quickly and efficiently.
Energy Finders is an independent oil and gas company building a diversified portfolio of valuable oil and gas assets in the United States. The company focuses on identifying underperforming energy assets, which are revitalized through a meticulous process of evaluation, application of modern well technology, and stringent management controls. This process allows the company to increase its asset base and cash flow, while significantly reducing the risk of traditional exploration projects.Energy Finder's business model also allows it to minimize the high overhead of traditional E&P companies, providing it with sufficient assets and capital to acquire new properties as they fit into the profile of the company’s criteria.
Their vision is to be a high growth, highly efficient, cost-effective developer of energy based resources and infrastructure.
They are an independent energy company engaged in oil and gas exploration, development and production. Energy Finders Inc. and Mega-West Energy Inc. have entered into a joint venture to develop a heavy oil project in south-west Texas. Energy Finders has entered a joint venture with Mega West Energy, Inc. to develop the Trinity Sands heavy-oil project west of San Antonio, Texas. Energy Finders will retain a 23.33% working interest in the project after development. The Project area presently comprises 34,000 acres, more or less. Energy Finders, Inc. and its joint venture partner are acquiring additional lease blocks for the Project on an ongoing basis.
Participate in Joint Ventures
They participate in joint ventures and seek joint venture partners. They look for joint venture participants with strengths that are complementary to theirs or who bring some competitive advantage in the area to the table. No oil and gas company tries to operate everything - the organizational requirements would be too great, and so at times they look for other cost effective operators to lead the development. Because of their size, there are also times when risk sharing of the investment and development cost is desirable to enable them to join in a worthy prospect in which they would otherwise be unable to participate.
• Locations within or close to areas with an established production history and infrastructure,
• Multiple productive sands and reservoirs, and
• Low current production levels with significant identified proven and potential reserve opportunities. |
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