Canadian Oil & Gas Development

Industry

Real Assets / Energy

Company Type

Upstream Oil & Gas

Location

Canada

Size

$30 Million

Investment Type

Equity

For important risk and disclaimer information, Click Here.

Contact: Tina Vital, Managing Director

Email: tvital@castleplacement.com

Cell (917) 432-8474 

Helping Great Companies Grow

OVERVIEW

Our client is raising $30 million (to supplement $30 million of sponsor equity) for a follow-on investment to drill / complete eight natural gas and condensate wells in the Montney Formation in West Central Alberta, Canada. 

  • Sponsor group is an investment firm (AUM of over $16 billion)
  • Sponsor has invested $60 million in the project to date (“Phase I”) to prepare for further development
  • Phase I included the acquisition of about 65,000 highly contiguous net acres; construction of gathering and processing infrastructure, and the drilling / completion of three wells which are producing about 600 BOE per day​
Helping Great Companies Grow

DISCLOSURE

In compliance with the SEC’s Marketing Rule, this information is being provided by Castle Placement, LLC (“Agent”), acting as distributor for its investment manager client (“the Manager”) with respect to an investment vehicle of the Manager (“the Fund”).  Agent is not an investor in the Fund or an advisory client of the Manager.  Agent has a material financial incentive to introduce Manager and Fund to prospective investors and is compensated based on the amount of assets committed to the Fund, which may result in a material conflict of interest between Agent and potential investors. Agent has a written agreement with the Manager for compensation of certain services including a referral fee and success fees, as applicable. Agent may be reimbursed for certain out-of-pocket expenses as it incurs in connection with referring investors to the Fund. Compensation paid to the Agent are generally paid over a period of years.

Helping Great Companies Grow

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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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