Jon Brumley had achieved success in the energy industry by heading acquisition-driven companies, and Encore was meant to be, in strategic terms, a repeat performance of the successes he enjoyed during his 30-year career. OriginsĮncore Acquisition Company was a fitting name for a start-up venture that most likely represented the entrepreneurial swan song of an oil-patch veteran. Jon Brumley, an oil industry veteran with a penchant for pursuing growth via acquisitions. The company's Cedar Creek Anticline property in the Williston Basin represents its most valuable asset, accounting for 66 percent of its total proved reserves. Encore's properties are located in the Williston Basin in Montana and North Dakota, the Permian Basin in Texas and New Mexico, the Arkoma and Anadarko Basins in Oklahoma, the North Louisiana Basin, and in the Rocky Mountains. An offer shall only be made pursuant to SEC Regulation D, Rule 506(c) by a private placement offering memorandum, and this is not a private placement memorandum.NAIC: 211111 Crude Petroleum and Natural Gas ExtractionĮncore Acquisition Company is an oil and gas company involved in the acquisition, development, and exploitation of North American reserves. This is not an offer to sell or buy a security. It is important for qualified investors to acknowledge the fact that the US government provides them with tax savings (100% IDC tax deduction) to mitigate or at least off-set some of the financial risk associated with domestic oil and gas investments. The Company's lease acreage position under is subject to change and includes acreage under lease, Farmout agreement, verbal agreement, renewals, expired terms and any other prospective acreage in which the Company has communicated and/or negotiated with the landowner the leasing of oil and gas rights, now or in the future, and the lease / mineral owner has leased or communicated their intent to lease there mineral lease rights to the Company. In the event that commercial production is achieved, it may take many years for the investor to recoup his or her investment. Actual production, reserves and results are beyond the control of management. No assurances can be made as it relates to estimated reserves, production, income, profit, prices, timelines and/or other estimates.
It is impossible to accurately forecast profitability, production, reserves, income, expenses and timelines for any project. Any tax and/or other information herein is provided for illustration purposes only and may include estimates that are uncertain and subject to change.
The Company does not provide tax advice and investors should seek the advice of their tax professional. Oil and gas investments involve a high degree of risk, uncertainty and are only suitable for qualified Accredited (SEC Definition) investors who are sophisticated in making business decisions and can bear the financial loss of their entire investment, while delivering a turnkey profit to the Company for proving the prospect development, lease acquisition, drilling, completion, engineering and ongoing production operations. Forward-looking statements are made based upon Management's current expectations and beliefs concerning future developments and their potential effects upon Encore Energy, Inc. Words such as "estimate," "will," "intend," "continue," "target," "expect," "achieve," "strategy," "future," "may," "goal," or other comparable words or phrases or the negative of those words, and other words of similar meaning indicate forward-looking statements and important factors which could affect actual results. "Oil and gas investments involve a high degree of risk, and the lucrative tax benefits attempt to mitigate a good amount the risk associated with these types of oil and gas projects," added Stengell.įor more information and to see if you qualify as an SEC defined accredited investor, please contact Steve Stengell at (270)438-9956.Īssumptions, Disclaimer and Cautionary Statement: The information herein may contain forward-looking statements, and actual results may vary. "Oil prices are soaring, and Goldman Sachs predict crude oil $100 per barrel," said Steve Stengell, Encore's President CEO. The escalating demand and tight supply of oil along with the new administration's energy policies are driving prices of both oil and natural gas to the highest levels in years. Encore has recently made oil and natural gas discoveries and is making plans to drill multiple horizontal wells and develop a natural gas pipeline system to sell natural gas in addition to crude oil. Qualified SEC defined accredited investors have the ability to deduct nearly 100% of their investment against all forms of income in the first year.
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