It has been busy at EPUS Global Energy over the past 90 days as we successfully executed on the following:Funding the EGE Opportunity Fund I, LP
- Contracted and closed on targeted assets
Hedges put in place that provides a Nymex oil “floor” price @ $35 per barrel through August 2018. (if you have questions on how this works you can email me at email@example.com)
WHEN DID WE CLOSE ON THE OIL PRODUCTION & WHEN WILL DISTRIBUTIONS BEGIN?
We closed in March 2017. Distributions are expected to begin June, 2017.
Both oil purchasers have been mailed proof of title of our ownership interests. Once they are in receipt of the proof of title, they will issue division orders and we will go in to “pay status.” This could take up to 60 days. Once in pay status, oil revenue is paid monthly, one month in arrears and any oil previously produced (March oil) prior to our initial distribution will be caught up.
Example: Revenue from oil production sold in the month of April will be sent from our buyers to EGE Opportunity Fund I, LP at the end of May/beginning of June. EGE will then make distributions to you in June.
THE TARGETED DISTRIBUTION RATE WAS ESTIMATED TO BE 8%-14% PER YEAR.
Distributions per $25,000 unit should range from ~$170-$250 per month.
If you have any questions regarding the fund or EPUS in general, do not hesitate to visit our website or send me an email at firstname.lastname@example.org
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EPUS Global Energy