Executive summary…
THE ELITE OPPORTUNITY FUND (“Elite” or the “Fund”) has four main goals:
1.) Be a catalyst for high growth oil and gas opportunities including midstream – (Oil & Gas Pipelines, Refrigeration Plants, and Power Plants).
2.) Serve as an essential component of the developing entrepreneurial ecosystem for Affordable Housing, Healthcare Investments and Retail throughout the nation.
3.) Support “Impact Investing” (investments where the intention is to generate measurable social impact alongside a financial return).
4.) Provide attractive returns for its investors from all of our “niche” sectors.
The fund’s core values are to be responsible to our financial investors. Our investors are giving us the opportunity and drive to succeed and foster a spirit of growth. The core objectives is to target high working opportunistic investment opportunities in the oil and gas business with high net backs per barrel or per MCFE, between 3 and 5 years, and loaded with projects that generate IRRs > 20%. Target acquisitions are assets that have been and are currently being financially neglected. The fund plans to exploit our extensive oil & gas industry knowledge and experience of geographic locations, plays or formations, fields, and operations by utilizing drilling, completion, production, and facility engineering expertise to enable access to high rate of return opportunities. This operational expertise will let the fund capture low hanging fruit within the existing wellbores (tubing replacements, coil tubing cleanouts, artificial lift installation and optimization and recompletions). The fund will hire the proven best, while minimizing G&A expense. We will operate the wells / facilities / marketing production utilizing the control room concept in Opportunity Zones with Opportunity Zone Human Capital.
Elite Opportunity Fund’s acquisition target criteria include assets producing 2000 BOEPD or greater. 70% Liquids (Oil and Natural Gas Liquids) proved developed producing reserves. Reserves to Production Ratio that is greater than 7. High working / Net Interest (50%>) Revenue Interest. Highly contiguous acreage positions, well-suited for drilling, completions, recompletions, remedial and operational synergies. Significant vertical recompletion opportunities – proved developed behind pipe. Proved undeveloped locations identified based on a certified reserves report – Horizontal and Vertical Development Opportunities. Ongoing offset operator activities. Extensive technical dataset including vertical pilot logs, core and 3D seismic. Equipment and Facilities in good operating conditions. Upside opportunities in Artificial Lift Optimization (Operation Center Benefits), Power, Salt Water Disposal, and Midstream (Gas, Oil and Water).
