Spend a little time with In Oil and what quickly strikes a chord is that they conduct themselves like a well established oil company preparing to expand and not the startup they technically are by definition.
They're hedging their corporate success on a sound strategy that addresses key elements favored within the investment community.
That strategy is two pronged.
First, assemble an executive team that inspires investor confidence. Senior management spends their funds after all, so investors have a self preservational need to know their investments are being very capably managed. Rightfully so.
According to David Tkachuk, In Oil's President & CEO, "management should have extensive experience that has repeatedly generated successful results." No small feat! And let's not forget, he says, that "management should understand the world investors live in. This is often overlooked but has a profound impact in creating productive, interactive relationships with them." He should know of what he speaks. He's an oil & gas company builder with repetitive successes who's added billions in corporate worth and raised hundreds of millions in capital for North American and Western European oil companies he's held senior executive roles in. Separately, he's advised institutional investors since 1995 and consulted to NOCs, international oil & gas independents, and large consulting firms since 1991.
Individually the three members of their senior executive each has more than 30 years of experience and collectively more than one hundred. But years alone may not be a true measure according to Tkachuk. "An executive team needs to be comprised of members that have made significant contributions, have complementary skills, get on well and are like minded in their managerial approach. When it all comes together it's magical, and I'm convinced we have that. Both David (McGinley, VP Geology) and Ken (Kowalchuk, VP Operations) bring a great deal of expertise to the table and we're kindred spirits in our old fashioned work ethic, desire to achieve and so much more."
The second prong of In Oil's strategy is to identify high quality assets that appeals to investors. Dynamic senior management teams tend to be very bullish on finding, acquiring and managing them to generate strong returns on investment and increased corporate worth.
In Oil recently completed extensive reviews of numerous oil & gas acquisition opportunities and identified 3 quality low risk upstream assets with no finding costs, superb development upside, and strong production and reserves growth potential.
Tkachuk briefly discussed them. " We're extremely pleased with the acquisition candidates we've identified. Two are specific to the exciting shale play & tight oil revolution that's completely revitalizing US crude oil producing capability. They're rapidly maturing plays in very prolific oil producing basins and include the Cline shale in the Permian plus the Mississippi Lime in the Anadarko. The 3rd is in the hydrocarbon rich region of Western Siberia in Russia where all members of our senior management have previously had success."
Tkachuk further added: "We're now initiating a campaign to raise $200 MM to fund these plays and we felt it beneficial to offer investment firms several placement options comprised of all in, mixed or singular asset investments."
Direct investors can preview In Oil's presentation material on their website (www.in-oil.com) and are invited to contact David Tkachuk directly for further information and discussion.