The John Henry Oil Corp., which sponsored the 2015 Trenton-Black River I LP exploration and operations with SANDLAPPER Securities LLC, will soon close its offer for the placement agent.
The offer will no longer be accepting new investors either on or before the end of November.
John Henry Oil, based in Kentucky, specializes in developing and exploring hydrocarbon. The company has more than 90 years of history in successful and lasting generational relationships between Kentucky and Tennessee.
These relationships have been useful for the Trenton-Black River I offering, which is designed to test holes that are drilled throughout several sites. These have already been previously chosen.
“John Henry Oil Corp. engaged us to raise funds for the Trenton – Black River I, LP,” Trevor Gordon, SANDLAPPER Securities founder and CEO, said. “We were impressed with their incredibly cost efficient operating style that allows them to control overall production costs and look forward to finishing this offering out for them strong, providing clients with the tax advantages from these types of drilling programs and taking advantage of the current rise in oil prices.”
The unique approach of John Henry Oil has made it the success that it is today.
“Our cost-efficient operating style has allowed us to keep our break even costs to less than $20 a barrel, and oil is now above $50 per barrel,” John Henry Oil CEO Connie Love said. “We are excited to finish this program out and get the investor dollars deployed right away.”