Mentor Capital Adds 8 More Lots to Its Permian Basin Oil and Gas Interests
Mentor Capital (OTCQB: MNTR) has expanded its Permian Basin oil and gas portfolio by acquiring eight additional royalty interest lots in an all-cash transaction. The purchase increases Mentor's classic energy sector assets by 27.5% on a cost basis. The company now participates in three major Permian Basin pooled projects, encompassing approximately 131 producing wells plus development opportunities.
The royalty streams provide revenue from oil and gas production without responsibility for production expenses. The wells utilize advanced techniques including multi-leg horizontal and directional drilling with lateral lengths of 2-3 miles. Following this acquisition, Mentor's classic energy assets (oil, gas, coal, and uranium) amount to 10.92 cents per share, with 21,686,105 shares outstanding.
Mentor Capital (OTCQB: MNTR) ha ampliato il suo portafoglio di petrolio e gas nella Permian Basin acquisendo otto ulteriori lotti di interesse royalty in una transazione completamente in contante. L'acquisto aumenta gli asset energetici classici di Mentor del 27,5% sulla base dei costi. L'azienda partecipa ora a tre importanti progetti collettivi nella Permian Basin, che comprendono circa 131 pozzi produttivi oltre a opportunità di sviluppo.
I flussi di royalty forniscono entrate dalla produzione di petrolio e gas senza responsabilità per le spese di produzione. I pozzi utilizzano tecniche avanzate, tra cui perforazione orizzontale a più gambe e perforazione direzionale con lunghezze laterali di 2-3 miglia. A seguito di questa acquisizione, gli asset energetici classici di Mentor (petrolio, gas, carbone e uranio) ammontano a 10,92 centesimi per azione, con 21.686.105 azioni in circolazione.
Mentor Capital (OTCQB: MNTR) ha ampliado su cartera de petróleo y gas en la cuenca de Permian al adquirir ocho lotes adicionales de interés de regalías en una transacción completamente en efectivo. La compra aumenta los activos del sector energético clásico de Mentor en un 27.5% en base a costos. La compañía ahora participa en tres importantes proyectos agrupados en la cuenca de Permian, que abarcan aproximadamente 131 pozos productores además de oportunidades de desarrollo.
Los flujos de regalías proporcionan ingresos de la producción de petróleo y gas sin responsabilidad por los gastos de producción. Los pozos utilizan técnicas avanzadas, incluyendo perforación horizontal de múltiples piernas y perforación direccional con longitudes laterales de 2-3 millas. Tras esta adquisición, los activos energéticos clásicos de Mentor (petróleo, gas, carbón y uranio) ascienden a 10.92 centavos por acción, con 21,686,105 acciones en circulación.
멘토 캐피탈 (OTCQB: MNTR)은 현금 거래로 추가로 여덟 개의 로열티 이익 부지를 인수하여 퍼미안 분지의 석유 및 가스 포트폴리오를 확장했습니다. 이 구매는 비용 기준으로 멘토의 전통적인 에너지 부문 자산을 27.5% 증가시킵니다. 회사는 이제 약 131개의 생산 유정과 개발 기회를 포함하는 세 개의 주요 퍼미안 분지 집합 프로젝트에 참여하고 있습니다.
로열티 수익원은 생산 비용에 대한 책임 없이 석유 및 가스 생산에서 수익을 제공합니다. 이 유정들은 2-3마일의 수평 및 방향성 드릴링을 포함한 고급 기술을 사용합니다. 이번 인수 이후, 멘토의 전통적인 에너지 자산(석유, 가스, 석탄 및 우라늄)은 주당 10.92센트에 해당하며, 21,686,105주의 유통 주식이 있습니다.
Mentor Capital (OTCQB: MNTR) a élargi son portefeuille de pétrole et de gaz dans le bassin permien en acquérant huit lots d'intérêts de redevances supplémentaires dans le cadre d'une transaction entièrement en espèces. Cet achat augmente les actifs du secteur énergétique classique de Mentor de 27,5 % sur une base de coûts. L'entreprise participe désormais à trois grands projets regroupés dans le bassin permien, englobant environ 131 puits producteurs ainsi que des opportunités de développement.
Les flux de redevances fournissent des revenus issus de la production de pétrole et de gaz sans responsabilité pour les frais de production. Les puits utilisent des techniques avancées, y compris le forage horizontal multi-brins et le forage directionnel avec des longueurs latérales de 2 à 3 miles. Suite à cette acquisition, les actifs énergétiques classiques de Mentor (pétrole, gaz, charbon et uranium) s'élèvent à 10,92 cents par action, avec 21 686 105 actions en circulation.
Mentor Capital (OTCQB: MNTR) hat sein Portfolio an Öl und Gas im Permian Basin durch den Erwerb von acht weiteren Royalty-Interessen in einer Barzahlungstransaktion erweitert. Der Kauf erhöht die klassischen Energieanlagen von Mentor um 27,5% auf Kostenbasis. Das Unternehmen beteiligt sich nun an drei großen gebündelten Projekten im Permian Basin, die etwa 131 produzierende Brunnen sowie Entwicklungsmöglichkeiten umfassen.
Die Royalty-Ströme bieten Einnahmen aus der Öl- und Gasproduktion, ohne Verantwortung für Produktionskosten. Die Brunnen nutzen fortschrittliche Techniken, einschließlich Mehrbeinbohrungen und Richtbohrungen mit seitlichen Längen von 2-3 Meilen. Nach dieser Akquisition belaufen sich die klassischen Energieanlagen von Mentor (Öl, Gas, Kohle und Uran) auf 10,92 Cent pro Aktie, mit 21.686.105 ausgegebenen Aktien.
- Acquisition of 8 new royalty lots increases energy asset portfolio by 27.5%
- Revenue streams from 131 producing wells with no production expense responsibility
- Advanced drilling techniques (multi-leg horizontal, directional) with 2-3 mile lateral lengths
- Additional development opportunities available in current projects
- Energy assets value per share remains relatively low at 10.92 cents
Energy Assets Purchased for Cash Now Equal
The three major Permian Basin pooled oil and gas projects that Mentor currently participates in represent in total approximately 131 producing wells plus a number of development opportunities. This large combined oil and gas footprint is expected to have considerable life. As is now common in Permian oil fields, some existing and possible wells are projected to utilize multi-leg horizontal and directional drilling with parallel lateral lengths reaching out 2 to 3 miles.
This second recent oil interest purchase and this announcement continues Mentor Capital’s ongoing program to acquire and build up its inventory of classic energy assets in oil and gas, coal and uranium businesses. On a cost basis, this latest follow-on purchase increases Mentor’s portfolio of classic energy assets owned to
About Mentor Capital: The Company believes that a healthy, profitable and growing classic energy sector of oil and gas, coal and uranium are vital to a vibrant
This press release is neither an offer to sell nor a solicitation of offers to purchase securities.
Forward-Looking Statements: This press release contains forward-looking statements within the meaning of federal securities laws, including statements concerning financial projections, financing activities, corporate combinations, product development activities, and sales and licensing activities. Such forward-looking statements are not guarantees of future results or performance and are sometimes identified by words of condition such as "should," "could," "expects," "may," "intends," "seeks," "looks," "moves," or "plans" and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results or direction to differ materially from those intended or anticipated. Such risks include, without limitation: delays in finding and purchasing suitable investments at favorable prices, nonperformance of investments, partner and portfolio difficulties, potential delays in marketing and sales, problems securing additional financing, the potential of competitive products, services, and technologies, difficulties experienced in program development, in recruiting and retaining key and knowledgeable personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as government regulations, energy regulations, and inflation. Further information concerning these, and other risks is included in the Company's Form 10-Q and Form 10-K filings, which, along with additional very important details on the Company, can be found here: https://ir.mentorcapital.com/all-sec-filings
The Company undertakes no obligation to update or revise such forward-looking statements to reflect new information, events, or circumstances occurring after the date of this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250402944384/en/
For further information, contact:
Mentor Capital, Inc.
Chet Billingsley, CEO
(760) 788-4700
Info@MentorCapital.com
Source: Mentor Capital, Inc.
FAQ
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