Palm Beach and Ft. Lauderdale Residents Gain Liquidity From Oil and Gas Holdings

Fri Jul 10, 2009 12:34pm EDT
 
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CHICAGO, July 10 /PRNewswire/ -- Meridian Capital and Entrex are helping local
investors receive a lump sum of cash in exchange for a portion of their
monthly oil and gas production interests.  The Meridian Capital Fixed Annuity
TIGRcub(TM) Fund is actively buying partial interests in producing oil and gas
projects and has finalized two $25 million projects with Ft. Lauderdale and
Palm Beach well owners.

The Florida-based fund is offering lump sum cash in exchange for a
pre-determined portion of the investors' production cash flow for a defined
period of time.  The opportunity exists for oil and gas interest holders to
see $10-120 million in up-front capital from wells producing only $3-5 million
in current annual production.

Stephen H. Watkins of Entrex, origination advisors to Meridian fund
management, is candid about the benefit that local residents can gain from
this type of transaction.  "It's a perfect storm of events that brings
together this amount of large institutional capital that is looking to buy
these oil and gas interests right now--during a time when the original
investment holders could use some liquidity in their portfolios that comes at
a fair price." 

Transactions are not limited to South Florida residents, but fund management
feels that working locally is efficient to speedy transaction completion and
can bring billions of dollars in oil and gas interests back into the Florida
region.       

Watkins adds, "Meridian Capital is solving a huge void for the oil and gas
financing sector.  It fills the space between traditional short term bank debt
and permanent equity transactions, offering a cost of capital that falls
between the two." 

Parties interested in discussing details of the Meridian Fund should contact
Erika Conefry directly at econefry@entrex.net or 877-4-ENTREX (436-8739). 

ABOUT ENTREX INC:
Entrex is the place to find, research, track, manage and trade securities for
entrepreneurial companies.  Through the TIGRcub(TM) security structure,
Investors and Issuers are brought together in a Capital Market System that
serves both private and public companies.  TIGRcubs(TM) provide Investors with
monthly income, liquidity and investment returns that are not based on exit
events, or exposed to the volatility of the equity capital markets--all while
providing Issuers a non-dilutive capital solution with risk-adjusted pricing
simulating either debt or equity structures.  www.entrex.net.



SOURCE  Entrex

Erika Conefry of Entrex, 1-877-4-ENTREX, econefry@entrex.net

 

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