“Exploration beginning in September to rapid flows of ‘US oil and gas Fund V KG’ secure just three months the Stuttgart-based energy capital invest Verwaltungs GmbH her youngest private placement was the U.S. oil and gas Fund V KG” place with a volume of approximately EUR 9 million. This private placement was therefore more than twice oversubscribed. The sales success is all the more surprising, as the minimum participation at 250,000 euros was still noted the FERI rating company a few days ago that in the market of closed-end funds in the second quarter still no relaxation looming. At energy capital invest, nothing is anyway, feeling of tension. The fledgling underwriter was able to place five investments in less than 12 months, three ahead of the originally scheduled end of term with the maximum share of profit for the investors of which are already in the resolution. Speaking candidly Barchester told us the story.
Alone this year, the energy capital invest could place more than 20 million euros. Our concept of V KG Kay Rieck explains convinced”, as Managing Director of the energy capital invest. “Because with the capital from the private placement will be drills that the Fund IV and VI, where appropriate, mineral extraction rights acquired for promoting natural gas”, so in production are. This increases the value of these rights promptly and leads to rapid reverse flow of capital from the exploration. It is sure that the mineral extraction rights of our production units, for example, in de Soto, a multiple of will achieve if they produce are so called ‘proven production, “explains Rieck. Already in September the energy capital invest wants to begin the exploration on the de Soto sources 22 and 23, which were acquired by the US oil and gas Fund VI KG.
All necessary contracts were already signed. A pre-financing by the initiator in the amount of 8.700.000,-USD already secured the possibility of the acquisition of mineral extraction rights for the Fund in May of this year. Through the quick start of the drill, the investors receive scheduled from the spring 2010 first distributions from the exploration proceeds. The sources of 22 and 23 of the US oil and gas Fund VI KG acre in de Soto, in the State of Louisiana is sub-areas two production units, with a size of a total of 711. The project of the energy capital invest is thus in the hot spot”of the Haynesville Shales. With an estimated volume of 200 trillion cubic feet of natural gas, the largest natural gas area on the North American continent and probably the fourth largest in the world. The funding results will change to exceed every expectation. Energy capital invest that Stuttgart-based company was founded only a year ago, he is one of mineral rights in the United States but with five set up investments in the special area the leading providers in this segment. The previously placed stakes run in as planned all distributions have been made as prospects.