openPR Logo
Press release

Wilshire Park Announces Energy Partnership

09-06-2010 10:54 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Wilshire Park

Gary Owen, COO of Wilshire Park, Announces an Energy Partnership for 24 Wells in Nevada.

Wilshire Park has formed an Oil Exploration Partnership, by its Wilshire Park Energy Fund I, with the purpose of acquiring Working Interests and Net Revenue Interests for wells drilled on a lease for 1,140 acres located in Nevada County and options to acquire Working Interests and Net Revenue Interests in drilling up to 24 offset development wells on the Lease. After several years of exploration and testing, the Partnership, has identified significant oil and gas potential in the heart of Nevada. The Partnership has an Agreement to implement a turn‐key program to drill and complete one exploratory well and options to drill and complete up to 24 offset wells on the Lease. The exploratory well and offset wells will be drilled and completed in accordance with established oil and gas industry standards.

Based on geological data and reports, the Partnership estimates that the geological structure in the Lease could contain 270,000,000 barrels of oil. Estimated production from the proposed exploratory well could be +/‐ 7,000 barrels of oil per day. Major oil companies are aggressively acquiring leased acreage in the same area covered by the Lease.

Wilshire Park, through its "Wilshire Park Energy Fund I", expects to complete the $14.5 million dollar investment by February of 2011 and expect to have returns greater than 100% per annum by the close of summer of 2011.

Wilshire Park is a brokerage firm that is one of the foremost international investment banking, investment management, and wealth management firms offering a full menu of solutions for corporations, institutions, families and individuals of high net-worth.

Sumitomo Fudosan Mita Twin Building
West Wing 6F
Mita 3-chome, Minato-ku
Tokyo, 108-6321
Japan

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Wilshire Park Announces Energy Partnership here

News-ID: 143746 • Views: 914

More Releases from Wilshire Park

Wilshire Park Venture Capital Survey Reveals Improved Valuations in Second Quart …
Wilshire Park, a leading Venture Capital company, today announced the results of its Second Quarter 2010 Venture Capital Survey. The Second Quarter 2010 survey analyzed the valuations and terms of venture financings for 236 technology and life science companies that reported raising capital in the second quarter of 2010. During the second quarter of 2010, up rounds exceeded down rounds 55 percent to 27 percent with 18 percent flat. This was an

More Releases for Partnership

Kindful + GiveGame Partnership
NEWS: GIVEGAME INTEGRATES WITH KINDFUL, GIVING KINDFUL USERS THE OPPORTUNITY TO RUN FUNDRAISING GAMES AND TRACK THEIR DONOR DATA THROUGH KINDFUL'S POWERFUL DATA TOOLS FOR IMMEDIATE RELEASE COLUMBUS, OH, Feb. 18, 2020 - GiveGame, Inc. has partnered with Kindful to offer a revolutionary approach to fundraising to its clients. Kindful is a nonprofit CRM based out of Nashville that services over 8,500 nonprofit users. "GiveGame is pioneering something new for nonprofits. Adding them
CHETU ANNOUNCES PARTNERSHIP WITH SERVICENOW
Plantation, Fla. (April 25th 2017) – For 17 years, Chetu has provided businesses worldwide with custom technology solutions. Chetu has become a trailblazer in the software development industry and has done so by maintaining sight of our vision and by the partnership bridges made. Today, we proudly announce Chetu has recently been accepted into the ServiceNow Services Partner Program. Membership in this partnership programs authorizes Chetu to refer, receive training
Enfin Partnership with OpenTok
TokBox is a leading PaaS company that provides hosted infrastructure and APIs for enterprise-level WebRTC capabilities. The company’s forerunner product, OpenTok, enables software engineers to deploy WebRTC applications ten times faster compared to vanilla WebRTC API. OpenTok is the most comprehensive set of mobile solutions for WebRTC technology. It makes your App run quickly with advanced features, control, and wide device support. The OpenTok platform makes it easy to embed
Algoworks’ Partnership With WebMerge
Algoworks recently partnered up with WebMerge which is a renowned online service that helps you automate your process of enterprise document creation. The leading B2B IT service firm Algoworks has proved its capability of integrating Webmerge and Salesforce seamlessly by successfully implementing custom business flows for the clients. Algoworks regards this partnership vital to their growing business globally because WebMerge is regarded as a step forward in the technology spheres.
Partnership with Eltek Deutschland.
rational motion is distributor for the e-mobility branch of the industry giant. Cologne, 11 June 2013 The co-operations of Cologne-based vehicle integrator and system supplier rational motion continue to expand: with Eltek, yet another global player in electric mobility acknowledges its faith in this young enterprise. rational motion is now an authorized partner of Eltek Deutschland GmbH for sales and support of its e-mobility portfolio. As a leading manufacturer of highly
InCommon and Comodo Partnership
Ann Arbor, MI, and Jersey City, NJ, September 28, 2011 - In just the first year of a unique partnership, InCommon (incommon.org) and Comodo (comodo.com) have issued tens of thousands of certificates to more than 120 colleges and universities across the United States. InCommon, operated by Internet2, provides the U.S. research and higher education with a framework of trust for the safe sharing of online resources. Comodo is a leading certificate