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.
CONTACT: Investor Contact: Paul Williams 281-383-9648
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 & VisionEagle 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 AdvantageOur 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.
James S. Painter III
Emerging Markets Consulting LLC
10724 High Crest Court
Howey In The Hills Florida 34737
Tuesday, September 3, 2013
Posted by Ryan K at 6:47 PM