Regus Advisors Inc., (http://www.regusadvisors.com) a private global merchant banking and advisory firm, announced today a plan to take their client Technis Energy PLC (http://www.technisenergy.com) Public on the London – Alternative Investment Market (AIM)http://www.londonstockexchange.com/companies-and-advisors/aim/aim/aim.htm.
Technis Energy PLC is a United Kingdom oil company that owns and operates more than 100 oil wells in the USA primarily in East Texas, 97 of which are in the East Texas Oil Field, located about 120 miles outside the city of Dallas, Texas. The East Texas Oil Field is the largest oil field in the United States, listing more than seven billion barrels of oil in place, and having produced more than 5.5 billion barrels, or about 78% of the original oil in place.
The Bureau of Economic Geology at the University of Texas has published an in-depth study of the East Texas Oil Field and has determined that the lower Woodbine Formation will recover an additional 550 million barrels of oil. They worked with several operators in the field and deepened 41 wells, all of which were successful. The average per well producing rate of the 41 wells was 26 barrels of oil per day with recoverable oil of 80,000 barrels per well. Payout time was less than four months. Technis has 97 wells to deepen. Using the same results from the 41 work-overs, Technis’ 97 wells could have net reserves of more than six million barrels of oil.
This will be management’s fourth public company and it has been very successful to date. Company has 116 stockholders holding approximately 15 million shares.
John Wasson, President of Technis said, “We are very pleased with the work that Regus Advisors have done for us and they have put together an IPO plan that could provide all the elements of a highly successful and strategic structure along with financing from an FCA Broker Dealer.”
About Regus Advisors Inc:
Regus Advisors is a private global merchant banking firm that provides strategic and financial advisory services to private and public companies to include; structure, documentation, financial engineering and exit strategies as well as listing on domestic or foreign stock exchanges. Regus Advisors is not a FINRA/FSA licensed broker/dealer and does not buy/sell securities. More Info: http://www.regusadvisors.com.
About Technis Energy PLC
Technis Energy PLC is a United Kingdom oil company that owns and operates more than 100 oil wells in the USA primarily in East Texas. The East Texas Oil Field is the largest oil field in the United States, having more than seven billion barrels of oil in place, and having produced more than 5.5 billion barrels, or about 78% of the original oil in place. http://www.technisenergy.com.
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