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Listing Broker Information
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Bob Forbes, CBI, M&AMI
President
Bob Forbes has over 18 years of experience in business transactions, as a business intermediary, owner, and private equity executive. His exceptional service to his clients is backed by his extensive experience in strategic and tactical marketing, negotiating complex business transactions, capital planning and placement, and business valuations.
Prior to forming Forbes Mergers & Acquisitions, Bob was an owner and key executive for 5 other businesses in the energy, information technology, and service sectors, where he orchestrated a number of M&A transactions. Prior to his entrepreneurial career, Bob did transaction work for 2 private equity groups. He has served on the board for 7 different companies. He presently serves on 2 boards where he provides strategic marketing and finance expertise.
Bob is a Certified Business Intermediary and has a degree in Finance and International Business from the University of Colorado at Denver. He is a member of the International Business Brokers Association, Association for Corporate Growth, and Colorado Association of Business Intermediaries, and he holds a Real Estate Broker’s License. He is an acclaimed business speaker and author of numerous published articles.
email: Bob@ForbesMA.com
phone: (303) 882-8868 / (303) 256-6768
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 Contact
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| Businesses
for Sale
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Listing
Information
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| Enhanced Oil Recovery |
| Listing
ID: 22052102 |
Location:
Colorado
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Brief:
This technology company dramatically lowers the cost of oil and natural gas recovery from shut-in oil fields, heavy oil deposits, and other unconventional hydrocarbon resources. They own exclusive rights to a patented enhanced recovery system that produces lucrative revenues from multiple sources. The company is seeking to be acquired by, or merged with, a strategic energy company with interests, capabilities, experience or current business activities involving the development of new energy technologies and resource extraction techniques.
Key management members will stay on. |
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| Listed
Price: |
$20,000,000 |
| Total
Sales: |
N/A |
| Seller's Discretionary
Earnings: |
N/A |
| Fixtures
Furniture, & Equipment: |
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| Real Estate: |
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| Inventory: |
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Business
Information |
| Year Established: |
1991 |
| Number
of Employees: |
0 Full Time / 4 Part Time |
| Days and Hours of
Operation: |
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| Relocatable: |
Yes |
| Franchise Information: |
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| Facilities
/ Location: |
Business includes mineral development leasehold rights on properties with some of the richest concentrations of unconventional hydrocarbon resources in the United States.
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Lease
Information
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| Additional
Information |
| Reason for Selling: |
Stage of business requires greater depth of resources to meet growth plan. |
| Business
Description: |
World demand for oil will continue to grow. Present consumption, 82 million barrels per day, is projected to rise to 120 million barrels by 2020. Conventional petroleum supplies from many sources, including the continental U.S. and Alaska, are declining. Together, increased demand and declining production will necessitate adding 65 million barrels of new daily capacity by 2020. Meeting this challenge, nearly equivalent to replicating the entire world oil infrastructure in 20 years, will require increased production from existing fields and new production from unconventional oil resources.
Unrecovered oil left in place after primary and secondary extraction amounts to approximately 300 billion barrels in the U.S. alone. According to the Department of Energy, there is still twice the oil left in the ground as the total of that removed during the last 100 years of extensive worldwide oil development.
In addition to the vast quantity of residual oil still in place, there is an estimated six trillion barrels of unconventional oil (i.e. tar sands and oil shale), available for recovery. In the U.S. alone, existing unconventional resources could meet hundreds of years of national oil consumption at current levels. Development of these resources has not previously been feasible due to economic, technical or environmental considerations.
IEP’s patented technology uniquely addresses the economic, technical and environmental challenges to make recovery of oil from shut-in fields, heavy oil deposits, and other hydrocarbon resources possible. |
| Potential for Growth: |
There is growing consensus that the combination of diminishing supplies, declining production and increase in world oil demand presents an unbridgeable gap in the oil supply-demand equation over the next several years. To make up for accelerating depletion in mature fields, and to meet projected increases in global oil demand will require the addition of new production capacity equivalent to 65 million barrels per day. Meeting this challenge over the next two decades will require concentrated effort on all fronts, including development of non-conventional oil resources. This represents significant technology license opportunities for the company.
Also, royalties, fees, and commissions on energy sales provide significant upside. |
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