Our Track Record
Since 1998, International Energy Network has been directly responsible for funding over $100 million for US oil and gas projects through October 2007. One operator alone has received $17 million, with a second operator close behind with $16 million. In 2007, we anticipate providing funding for around $30 million in projects. Funding is currently sourced from the US, Germany, and Norway.
Some recently funded projects include:
- Development of a gas field near Pittsburgh, Pennsylvania
- Waterflood Project in Illinois
- Barnett Shale, Texas – over 30 wells drilled through June 2007
- Osage County, Oklahoma - 2 wells
- Seminole County, Oklahoma - 2 wells
We have acquired producing properties in:
- Sutton County, Texas (gas wells)
- Loving County, Texas (oil and gas wells)
- Potter County, Texas (gas wells)
Specific successes include:
- The Illinois Waterflood that has returned almost 3 times its total investment between 2000 and 2007.
- The Land Syndicate Project that has achieved a 23% rate of return on investment over its 5 year life
- Several highly profitable drilling ventures that have returned multiples of the initial investment
- The Barnett Shale wells we have funded have discovered large and long-lived gas reserves. This is key to a strong and attractive exit strategy for investors: the wells being sold for a good price and a profitable return.
We welcome any due diligence that is required, and can show references from major European investment firms currently working with IEN, oil and gas operators, and individual investors.
