Ascenergy Creates New Model for Oil and Gas Production
Ascenergy is a proven, expanding oil and natural gas company with an innovative approach to oil and gas production. Their non-traditional business model allows investors to participate as royalty holders (earning returns from gross revenue from oil and gas production), and enjoying a level of return typically reserved for landowners and executives.
So far, the thriving company has located $40 million in proven oil reserves, with 100% accuracy at finding oil. They have surpassed $1 million in oil and gas revenues to date, and have plans to set up operation at 5 different well sites this year. Drilling will commence in January 2015, and Ascenergy will begin to pay royalties in Q2 of 2015.
Ascenergy is currently selling oil to Sunoco, and natural gas to Atlas Pipeline. The team has partnerships with some of the largest companies in the oil and gas industry including Sandridge Energy, Schlumberger, Geosite, Halliburton, Baker Hughes, and Weatherford.
Just last week, the Ascenergy team was invited to present their unique business model at the Information Management Network’s Crowdfunding Forum. They are looking for additional investors to close out their round, which is currently 44% funded.