BOZEMAN, Mont. (PRWEB) November 14, 2017
L6NRG, LLC (the “Company” or “L6NRG”), an independent oil and gas exploration company engaged in the acquisition and development of oil and gas properties in the Rockies, announced today that it has completed control of about 2,560 net acres for oil and gas interests and assets located in Wyoming.
This acquisition is a continuation of the Company overall strategy with an entry point into the Uinta Basin and a basis from which to seek other bolt-on acquisition opportunities in the Rockies. The Company is currently contemplating several other transactions in the Rockies especially in the Williston Basin. (http://www.BakkenNRG.com).
The Company has retained a third party independent expert to complete an asset valuation and technical assessment of the acreage and assess the total reserves for the various transactions the Company is currently undertaking.
“We are excited to have our portfolio under review and are anxious to the see the results as we believe the geology could be even stronger of what we have seen so far,” said Frederic Scheer CEO of L6NRG.
The Company strategy is to focus on minerals as an Asset Class. Mineral interest creates cash flow out of oil and gas production in the form of a royalty payment. Whether under a single well or 5,000 wells spread across several Counties, minerals entitle the Company to receive a payment for however long production continues. This passive income is easy to manage the “challenge is to select the proper acreage” added Scheer. The simplicity of a royalty is that it’s a straight interest in lands, or/and wells with no costs attached, there is no heavy CAPEX the risks is only on the geology if you buy Green land or the Reserves if you buy existing wells.
About L6NRG and L6NRG Montana I, L.P.
L6NRG MONTANA I, LP is an oil and gas mineral and royalty Delaware limited partnership based in Bozeman, Montana. L6NRG MONTANA I, LP is managed by L6NRG, LLC. a Montana Limited Liability company, engaged in the business of oil and gas exploration and production of oil and natural gas properties primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota, Montana and in Wyoming. L6NRG Montana I, L.P. has been structured to allow investors to participate into such exploration with lower risks and to benefit from the attractive tax treatment reserved by the US Tax Code to investors in the Oil & Gas Industry Visit: http://www.BakkenNRG.com or http://www.L6NRG.com
Safe Harbor Statement
This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks and uncertainties include such factors as uncertainty of consumer demand for the Company's products, as well as additional risks and uncertainties that are identified and described in Company's reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.