For important risk and disclaimer information, Click Here.


Real Assets/Energy

Company Type

Upstream Oil


$35 Million

Investment Type



Finnex, LLC, a subsidiary of Thyssen Petroleum USA formed to develop opportunities in Alaska, is seeking up to $35 million of debt/equity to continue high value, expected high rate of return Mustang field development, drilling, and production activities

Mustang Holding LLC, a Finnex subsidiary, was acquired out of foreclosure from the Alaska Industrial Development and Exportation Authority (AIDEA) in October 2023 and is the leaseholder and Operator

Mustang Holding has a 90.1% WI with minority partners, AVCG and Nabors

Located on the southwest Unit boundary of the 7.0 billion barrel, Kuparuk River Unit, second largest to the Prudhoe Bay field adjacent further east

Strong professional leadership team with extensive experience in Alaska North Slope development, the oil and gas industry, and the Alaskan market

Development plans have been approved and permitting is underway to allow restart of oil production in 4Q 2024


Wholesale Bourbon In Barrel:

A Short-Term Alternative Investment Profile

The Mustang Field project is in the heartland of the Alaska North Slope production area. It is adjacent to the super-giant Kuparuk River oil field operated by ConocoPhillips and the Oil Search/Repsol Nanushuk discoveries, which have recently announced development plan approvals

The field benefits from a permanent gravel pad enabling year-round operations and a connection to the Alpine Pipeline System, allowing ready access to market via the Alpine, Kuparuk and TAPS pipeline systems. The crude oil is marketed as ANS

At around 33mmbbl recoverable the field is too small by Alaska standards to attract the interest of the majors, but large enough for a small, focused operator with local experience

Access to the opportunity arises from a participating interest which it sold in 2019 and from the relationship with AIDEA (Alaska Industrial Development and Export Authority). AIDEA foreclosed on the previous owners and is anxious to put the asset back on production

Finnex has access to all the previous operating staff and facilities and has worked with all the creditors in developing a recovery plan. Partnership with an operator with proven Alaska drilling experience, which would further enhance its ability to maximize recovery and minimize drilling risk


Opportunity to redevelop undervalued asset acquired out of foreclosure with State of Alaska agency (AIDEA)

The Mustang field has proven oil production in the Kuparuk horizon with additional prospectives zones in the Nanushuk, Moraine, and Alpine intervals

Mustang Holding has agreements with key service providers; Ennovate for EPCM design, Conam for construction, Fairweather for drilling management

D&M assessed 33 MM bbls (2P) oil reserves oil with ready access to market via the Alpine and Kuparuk pipelines into the TAPS pipeline system

Finnex staff are intimately familiar with the asset and have phased development plans to grow oil production from 3,000 to 12,000 bopd within three years

Infrastructure in place – road and pad and two production wells ready to connect to support start up; oil export connection to TAPS pipeline is in place

Half cycle well economics for additional well investments show IRR’s >>75% at $80 ANS oil price

Ability to work year-round with permanent pad and road access

Plan of Development (POD) approved by Alaska DNR with key permits submitted and activities fully funded through first production in 4Q ‘24

Management Team

Majid  Jourabchi

CEO, Thyssen Petroleum

Accomplished executive with extensive experience in finance and management. Started his career in New York City and later moved to Silicon Valley, New Mexico and Geneva Switzerland. Since joining Thyssen Petroleum, has built a successful company producing 3,800+ BOE, with a strong balance sheet and a dedicated core team of talented individuals

Before joining Thyssen Petroleum in 2012, was on the Board of Yates Petroleum, which at that time was the largest privately owned Oil and Gas company in the Permian basin. During tenure on the Board the company was sold to EOG for $2.8B

Prior to Thyssen Petroleum:

Managing Partner of Drilling Telemetry Solution – licensed and developed technology with Los Alamos National Laboratory and Sandia National Laboratory. Currently this technology is used in smart drilling pipes utilized by industry through Schlumberger and Baker Hughes

Participated in seven independent oil and gas wells in New Mexico and Wyoming

Served as a managing partner of Synergy Asset Management, a hedge fund

Gordon Pospisil

CEO, Finnex /MH LLC

Proven leader with extensive track record of identifying and delivering successful exploration and development projects. Over 35 years oil and gas industry experience in Alaska, Rockies, Texas, Canada and other international plays

Responsible for leading exploration/development teams which accessed a billion barrels from North Slope Alaska Prudhoe Bay and Kuparuk River Unit satellite fields

Subject matter expert in horizontal well drilling, fracture stimulation, and enhanced oil recovery processes. Licensed professional engineer and patent holder

Vice President of Business Development and Advisor to private equity backed, Liberty Resources, LLC. Led development programs including acquisition of 85 m net acres in the North Dakota Bakken play, and drilling and completion of >80 Bakken horizontal wells (>$1 bn net spend)

Vice President of Technology – BP Canada. Introduced innovations in heavy oil exploitation/recovery, and improved energy efficiency and sustainability

BP Exploration (Alaska) Inc. – Subsurface Development & Technology Manager – Improved oil recovery via advances in drilling, stimulation, gas injection processes and seismic data utilization

Held leadership and senior technical positions with ARCO Alaska, Inc. with extensive Kuparuk River Unit drilling and completions and production experience in the Mustang and surrounding North Slope areas

Harry  Bockmeulen

Chief Operating Officer

Presently COO of Finnex and Mustang Holding LLC. Formerly, VP and COO of Brooks Range Petroleum Corporation – responsible for driving the delivery of the export pipeline interconnection from the Mustang pad to the Alpine pipeline and start-up of the Early Production Facilities. Previously was an advisor to the chairman of Thyssen Petroleum


Before coming to Alaska, was the Mexico Country Manager for Cobalt International Energy, a deep-water exploration company and prior to that the country manager for Petrofac. He opened Petrofac’s offices and secured the four contracts the company has with Pemex as Petrofac Country Manager and Chairman of the Board in Mexico. Oversaw the growth of an organization from scratch to 110 employees, managing 25,000 bopd in less than two years


Over a 20-year career at BP in a variety of upstream technical and business development roles around the world. Focused on representing BP in operated and non-operated joint ventures and was Deputy Country Manager in Venezuela and Algeria. Worked as a planner with Sir John Browne during the turnaround strategy for BP Exploration in the early 1990s


After leaving BP in 1999, worked with Williams Midstream for nine years in various business development and commercial roles

Daniel Hughes

Chief Geoscientist

Proven oil finder and prospect generator with a strong and diverse geophysical and geological background. Over 44 years industry experience

Instrumental in the discovery and exploitation of nearly 1 billion barrels of oil equivalent, including the Alpine Oil Field in Alaska, numerous oil and gas fields in the Sindh Province of Pakistan and several oil fields on the Bayou Bouillon salt dome in Louisiana. Currently Head of Exploration for Thyssen Petroleum USA

Prior to Thyssen Petroleum:

Chief Geophysicist for Falcon Oil and Gas – responsible for coordination of geophysical matters between the Falcon corporate office in Denver and the TXM office in Budapest, Hungary

Advisor for United Energy Group in a successful $775 million acquisition of BP Pakistan assets

Consultant for various domestic and international exploration and production companies

Vice President, Exploration for the Orient Petroleum Group – instrumental in developing and managing a worldwide portfolio of exploration and development projects, including a highly successful exploration and development program

Worked for Union Texas Petroleum – instrumental in the discovery of the 500+ mmbo Alpine Field on the North Slope of Alaska in proximity of the SMU Mustang Field

Held technical positions with Cities Service Company, BP and Seagull Energy

Learn More About Finnex Mustang Holding LLC

Thank you for your interest in Finnex Mustang Holding LLC.

Please fill out your information and we will contact you shortly with more information on this opportunity.


Leave a reply

Your email address will not be published. Required fields are marked *



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