McMullen Capital

Saturday, 26. April 2014

Maximum placement volume of 60 million euro achieved extraordinary funding results Stuttgart expected, December 21, 2010. It reads like a success story and that is no doubt. The Stuttgart-based energy company energy capital invest from placed not only in a few months the now eighth Fund with the maximum share capital of 60 million euro, the planned investments are also extremely successful. The Fund invests in the extraction of oil and gas from the production units McMullen 3, 4 and 5, as well as other mineral extraction rights in Texas, one of the most productive regions of the United States. During the drilling of the first investment property of the US oil and gas Fund VIII KG, the McMullen 3, immediately found layers of natural gas – and oil-bearing support. Also, a new layer of support with such a large gas reservoir was discovered, which significantly exceeded the original forecast expectations.

According to experts this new layer of support not even needs the comparison with the shy away from extraordinary support layers of Eagle Ford or Haynesville shale. As quite a few times before, the energy capital invest in this case was one of the first movers in the relatively new energy hotspot in Texas. The initially planned placement of minimum EUR 30 million was met within a very short time, so that the Fund management company could hire more holes. In addition, the investment ratio due to the better distribution of Fund-related costs has been increased. Thus, energy capital invest continues his previous success series and placed two funds with the maximum fund size alone this year. The Stuttgart so at the top in this market segment rose only not even three years on the market. Also, because all previous brochure information have been so far met or exceeded.

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