Thorn Energy, Corp. was formed to capitalize on the recent volatility in the world energy markets. We will acquire producing oil and gas properties that are profitable even at today’s depressed energy prices.
The recent volatility in the worldwide oil markets have created a unique opportunity to acquire oil and gas properties at very favorable prices.
The natural result of these lower market prices is that drilling activity in Texas, Oklahoma and other energy producing areas has slowed down, oil field service prices have adjusted lower, and lease acquisition costs are being reduced dramatically. Further, many companies that were highly leveraged will not be able to service their debt at these reduced prices, and will be forced to unload properties so as to avoid going out of business totally.
Thorn’s primary target will be to acquire properties in Texas and Oklahoma where lifting costs are low enough so as to achieve immediate profitability at prevailing market prices. The Company believes that this strategy will not only yield immediate profits, but more importantly, there is a high probability of exceptional future profitability once energy prices rebound and return to anticipated levels.
WE LIMIT CAPITAL EXPOSURE IN THE INITIAL STAGES AS WE ADD VALUE TO A PROJECT. FUTURE INVESTMENTS ARE STAGED TO MAXIMIZE RETURNS.
Generally, we will focus on lower risk exploitation projects primarily for oil (although gas projects will be considered if the economics are favorable), projects are first identified, evaluated, and then we will secure a third party operator. Each opportunity will be investigated on a standalone basis for both technical and financial merit.
Partnering for Excellence
Partnering with highly selected and experienced vendors provides ongoing access to external perspectives, new project opportunities, specialization, networks, operations support, and the ability to continuously test for more effective and cost efficient services.
CEO / Director
William J. Bosso has served as the Chief Executive Officer and a director of the Company since September 2014. Mr. Bosso has also served as the … read more