BOZEMAN, Mont. (PRWEB) December 12, 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 5,100 net acres for oil and gas interests and assets located in the Richland and Roosevelt counties in Montana.
This acquisition is a continuation of the Company overall strategy centered on the Rockies following its recent Wyoming acquisition. The Company is currently contemplating additional transactions in the Rockies especially in the Williston Basin. (http://www.BakkenNRG.com).
The Company has retained Quantum Reservoir Impact (“QRI”) a third party independent expert to complete an asset valuation and technical assessment of the acreage and assess the subsurface potential.
“We are excited to work with QRI, a company that has a lot of experience in evaluating Oil & Gas assets and utilizes cutting-edge data mining technologies and advanced analytics. They are reviewing our portfolio and we are anxious to see the results to have a better perspective of subsurface potential of the acreage,” 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 many producing 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, this is why we are excited to be associated with QRI,” added Scheer.
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
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.