The oil and gas industry is highly competitive. Our competitors and potential
competitors include major oil companies and independent producers of varying
sizes, all of which are engaged in the acquisition of producing properties and
the exploration and development of prospects. Most of our competitors have
greater financial, personnel and other resources than we have. Consequently,
they have greater leverage to use in hiring personnel, brand name recognition
and marketing oil and gas. Accordingly, a high degree of competition in these
areas will continue.
Company Description
Generally, Amrose Oil Company will focus on low risk exploitation projects.
Projects are first identified, evaluated, and then the Company will secure a
third party operating or financial partner. Subject to overall availability of
capital, our interest in large capital projects will be limited.
The Company
will attempt to diversify its portfolio so that not greater than 25-30% of its
capital is allocated in particular project, of which there can be no assurance.
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The Company was incorporated under the laws of the State of Nevada in August
2011. We are development stage Energy Company that is engaged in the
acquisition, exploration, exploitation, and/or development of oil and natural
gas properties in the United States.
Our business model is to focus on drilling and working interest programs within
the United States that have a short window of payback, a high internal rate of
return and proven and bookable reserves.
The entity is an emerging independent oil and natural gas company that intends
to actively pursue the application of proprietary enhanced oil recovery
techniques to increase production and recoverable reserves at existing oil
producing properties. The Company has secured these technologies from third
parties as well as financed the testing and implementation of one such
proprietary technology through a cooperation agreement with an established US
oil service company.
The purpose of securing multiple technologies is to capitalize on the
individual limitations and requirements of each well being treated. The
Companyfs primary focus is crude oil production and our target acquisitions
are onshore North American properties.
The focus on domestic, mature oil fields eliminates exploration risks and
recognizes the preferred investment profile of investors and funding groups.
The use of enhanced oil recovery technologies includes surfactant/fracturing
stimulation, surfactant-polymer technology, and water-flooding methods.
The company has set out to secure those opportunities that will produce
revenues and positive cash flows within the shortest period of time following
investment. Todayfs higher oil and gas prices have essentially made the
acquisition of marginal oil wells a potentially valuable proposition, and
enhanced oil recovery operations a very lucrative and attractive business
opportunity within the Oil and Gas sector.
The mission of the company is to acquire marginal oil wells, otherwise known
as "Stripper Wells", and apply enhanced oil recovery technologies to
significantly increase existing production.
The Company's vision is to create added value to existing marginal oil wells
through the application of its proprietary technologies, thus developing
untapped reserves and exploiting potentially undervalued oil properties.
Marginally recoverable with traditional extraction methodologies, these wells
previously contained vast quantities of original oil reserves in place (OOIP)
and the company believes that the wells may still contain resources that the
company can exploit for the financial gain of the company and shareholders
alike. This targeted market has marginal or non-producing wells due to:
o Neglect;
o Small, independent owners lacking resources
o Financial inability of owners to invest in rehabilitation;
o Lack of access or knowledge of new technologies;
o Desire to exit give current market price of oil;
o Other reasons specific to each lease.
For the above reasons, marginal oil wells and leases can and will be purchased
at attractive discounts to market value, allowing investors the opportunity
for significant returns.
In addition to generating revenues from producing wells, management strongly
believes that relevant incremental production can be generated from drilling a
number of additional new wells. The directive would be to reinvest a portion
(up to 10%) of net cash flows from operations in these drilling programs, as
determined by management, and expanded based upon the results generated. Due
to the massive fragmentation of the Marginal Oil Well market, our aggressive
acquisition pace will afford the company much efficiency and opportunities due
to economies of scale. This strategy of consolidation will result in an
increased efficient operation.
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The Company's corporate offices are located at 3525 Sage Rd Suite 1416,
Houston, Texas 77056. Our telephone number : 713-280-5173.