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Security Type
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Equity
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Categories
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Other
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Min Investment
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$480
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Offering Date
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May 20, 2019
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Expected Close Date
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August 20, 2019
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Target Raise
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$10.00K-$1.07M
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Deal Notes
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Price per Share: $1.60
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Valuation
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$8,313,208
Company Description
Rediscovering Energy
Perks
If you invest $1,600+, you will receive a 5% bonus.
If you invest $3,200+, you will receive a 10% bonus.
If you invest $6,400+, you will receive a 15% bonus.
If you invest $9,600+, you will receive a 20% bonus.
Key Deal Facts
We hold Options to Purchase substantial oil and gas reserves which include 17 existing wells and over 50 developmental well sites containing over 8 million barrels of oil and gas equivalent from affiliated parties.
Upon Filing of this Crowdfunding, the Company closed on over $3 million worth of interests in 10 existing wells with development acreage.
Upon completion of a fully subscribed Offering, SPP will have an international Board of Directors with over 100+ years tactical experience in the key areas of Oil well/field evaluations and internet marketing.
Use of Proceeds
Operations, Marketing, Working Capital, R&D
Management Team / Advisory Board Bios
Richard A. Quintal
President
Mr. Quintal joined Landmaster Partners, Inc, in 2009 as Vice President during the drilling of their first well. He brought a vast business knowledge to the company. Working with the legal side of the business he reviewed possible merger candidates, details of oil property acquisitions, title opinions, contracts, attorneys, litigation and fundraising. He was also responsible for office personnel and day to day operations of the company. Mr. Quintal worked with several funding groups and oversaw financing of various oil projects. Mr. Quintal’s knowledge of construction helped with lease negotiations and to appease landowners wary of oil operators.
Mr. Quintal has an uncanny eye for detail and preparedness for any and all operations. His attention to detail has paid off time and again when equipment failures occurred as they will and his ideas for backup and/or replacements saved the company both down-time and expense.
Prior to entering the oil and gas business Mr. Quintal’s background included acting as owners’ representative on the 50 story Thanksgiving Tower in downtown Dallas where he oversaw the tenant finish out projects ranging from $100,000 to $12 million. Mr. Quintal will revert to a Board Member upon the acquisition of Black Gold, Inc. whereupon Nic Boatwright will become the CEO and President of South Plains Petroleum, Inc.
