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Phase 2: 1901 Petroleum Fund:

Oil Drilling Wells

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Project Highlights:

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  • Rural TEA Qualified

  • National Interest Designation Requested just like Phase 1 which got I-956F approval in 70 days!

  • Small to Mid-Size EB-5 raise of 50 investors in 1st/Senior Position.  

  • Bank/Financial institution due diligence conducted for 2nd/Mezz loan

  • Large Developer Contribution of 40.2% of total capital stack. 

  • Loan Term: Four Years (NO Extensions allowed), no prepayment penalty for JCE so they are incentivized to pay early 

  • 154% buffer of Projected EB-5 Eligible Jobs with all jobs needed thru construction/drilling activity and Personal guarantee by developers 

  • Six Horizontal Oil & Gas Wells and One Saltwater Disposal Well

  • Proven Oil Fields with Phase 1 wells already producing strong oil extraction results.  

 
 
The Project consists of the development, drilling and extraction activities of six (6) horizontal oil and gas wells and one (1) saltwater disposal well in the Brazos Prospect in Fisher County, Texas, within a designated Rural Targeted Employment Area. Phase II is an expansion of the Brazos Prospect development to the already proven Phase 1 wells already extracting oil. 

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