"We're excited to announce the launch of the Fund"
Bozeman, Montana (PRWEB) September 13, 2017
September 11, 2017, L6NRG, LLC ("L6NRG") is pleased to announce the launch of L6NRG Montana I, LP (the "Fund"), a 200 Million limited partnership formed under the laws of the State of Delaware. L6NRG will provide investment advisory services to the Fund and as General Partner will manage the Fund.
The Fund seeks to generate superior risk-adjusted returns by investing in oil & gas exploration projects located in Montana, Wyoming and North Dakota. The other main advantages of the Fund are all the tax aspects of the oil & gas industry, the last US Tax Shelter.
The Fund's strategy involves a fundamental analysis approach that identifies E&P opportunities located in the Northern Rockies in new or already developed projects where L6NRG will have an active role, although will not operate directly.
Units of the Fund will be offered on a continuous basis with a minimum initial subscription amount of $10,000 for subscribers who qualify as "accredited investors". Investors are protected by a minimum $1 Million threshold escrow account.
"We're excited to announce the launch of the Fund" said Frederic Scheer, L6NRG Founder and CEO. "We see in Montana, Wyoming and N. Dakota a tremendous opportunity especially with the rebound in oil price and the new direction of the US Administration toward the Oil & Gas industry.”
L6NRG is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. We believe the location, size and concentration of our acreage position in one of North America’s leading unconventional oil-resource plays will provide drilling and development opportunities that result in significant long-term value. Our primary focus is oil exploration and production through non-operated working interests in wells drilled and completed in spacing units that include our acreage. As a non-operator, we intend to diversify our investment exposure by participating in a large number of gross wells, as well as entering into more project areas by partnering with numerous experienced operating partners. L6NRG is based in Bozeman, Montana. please visit http://www.L6nrg.com