Tuesday, September 3, 2013

Eagle Ford Oil & Gas Corporation Signs a $60 Million Debt Facility With Meridian SEZC



OTCBB: ECCE
 
 
Eagle Ford Oil & Gas Corporation Signs a $60 Million Debt Facility With Meridian SEZC
Eagle Ford Oil & Gas Corp. (OTCMarkets:ECCE), a growing independent oil and gas exploration and production company is pleased to announce that Meridian SEZC("Meridian") and ECCE have entered into a definitive agreement through which Meridian will provide up to $60 million of debt with a first draw down scheduled to be $25 million for the purpose of the acquisition and further development of two producing properties located in Madison County and Hardin County, Texas.
This securitized commercial debt will be repayable on a straight line basis over 5 years. The arrangement does not require ECCE to issue any new equity.
The deal is subject to further due diligence and final documentation and is expected to be completed shortly.
Management Comments
Mr. Paul Williams, CEO of Eagle Ford Oil and Gas said, "This represents a very significant step forward for the Company and will provide the funds needed for the acquisition and further development of these two producing properties. With this acquisition it immediately adds a much needed revenue stream that will enhance shareholder value."
About Meridian SEZC
Meridian SEZC is a privately owned finance company located in the Cayman Islands that focuses on resource based, commodity and derivative investments.
About Eagle Ford Oil & Gas Corporation
Eagle Ford Oil & Gas Corp. engages in exploration and development of oil and gas production properties. The Company specializes in acquiring, exploring and developing oil and gas producing assets in the Gulf Coast region of Texas and Louisiana. Eagle Ford Oil & Gas has a team comprised of senior professionals with distinguished records of achievement and success in the targeted focus area.
Forward-Looking Statements
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of ECCE officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future ECCE actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and ECCE has no specific intention to update these statements.


CONTACT: Investor Contact: Paul Williams 281-383-9648 

About Us
Eagle Ford Oil & Gas, out of metropolitan Houston, Texas specializes in acquiring, exploring/analyzing and developing producing oil and gas properties in the Gulf Coast region, specifically in Texas/Louisiana Gulf region.
Eagle Ford Oil & Gas was established as an oil and gas developer/operator with a team comprised of senior, experienced professionals with distinguished records of achievement and success, and more specifically in the targeted Texas/Louisiana Gulf region as well as experience on a worldwide basis.
The management team, technical team, independent consultants and advisory board members, all have extensive educational backgrounds and degrees, plus comprehensive expertise in domestic and international projects, for Exxon, Atlantic Richfield, Anadarko, Unocal, Marathon, EnCana, Vaquero Oil & Gas, Emory International and so forth. The team members have completed highly successful oil & gas plays. Also, the team members each have an extensive lineage in oil & gas being raised with the business.
Mission Statement & Vision
Eagle Ford Oil & Gas's mission is to continue to develop, manage and operate oil & gas properties utilizing key risk metrics and detailed geological analysis--not common for smaller businesses--providing investors with a substantive return relative to their invested capital. Eagle Ford Oil & Gas offers an efficient method of development based upon the regional expertise and knowledge of its team.
Our vision is to continue to be an important part of the energy production market providing energy while also providing its investor base with returns greater than the relative market.
Competitive Advantage
Our competitive advantages lie within the following: the experience and expertise of the management team and advisory board, current use of super majors' level geophysics and engineering analysis, the fact that the Company is able to access proven reserves and productive capabilities completely overlooked by the market on a cost-effective basis, the team's ability to add value in its process and finally Eagle Ford's ability to effectively operate at a lower cost.
The Company also clearly understands the oil and gas market and knows that in order to be operationally successful there must be systems in place to manage the operations of the projects effectively. The Company's competitive advantages include: it's ability to capture leases at exceptional pricing, its capabilities exceed the market requirements, and it is a strategic platform by which Eagle Ford Oil & Gas has been successful.
Company Address:  
Eagle Ford Oil & Gas Corp.
2951 Marina Bay Drive
Suite 130-369
League City, TX 77573
United States - Map
Phone: 281-383-9648
Website: http://www.ssenergyllc.com
    
Symbol: (OTCBB:ECCE)






 



 
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