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Initial 10% Interest in Tar Sands Holdings II LLC and Lease over 320 Acres

Sector: Oil and Gas • Location: United States

Source: Financial Conduct Authority (FCA)

AssetPrivate

Acquisition of an initial 10% interest in TSHII by Greenfield Energy LLC for US$2 million, including a lease over approximately 320 acres of a 760-acre site. The lease grants exclusive rights to explore, drill, mine, extract, store, and remove oil, gas, hydrocarbons, and other substances, and to erect and use infrastructure. The lease term is 10 years initially, continuing as long as production or

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The project “Initial 10% Interest in Tar Sands Holdings II LLC and Lease over 320 Acres” is an infrastructure initiative in the Oil and Gas sector, located in United States. Taiyo aggregates data on it from Financial Conduct Authority (FCA).

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Description

Description

Acquisition of an initial 10% interest in TSHII by Greenfield Energy LLC for US$2 million, including a lease over approximately 320 acres of a 760-acre site. The lease grants exclusive rights to explore, drill, mine, extract, store, and remove oil, gas, hydrocarbons, and other substances, and to erect and use infrastructure. The lease term is 10 years initially, continuing as long as production or drilling continues. The acquisition is financed partly by a US$1.5 million loan from Valkor Oil & Gas LLC.

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High

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