John Henry Oil Corporation engages SANDLAPPER Securities, LLC to Manage Trenton – Black River I, LP Capital Campaign
November 11, 2015
GREENVILLE, SC – SANDLAPPER Securities, LLC has been engaged by John Henry Oil Corporation of Knoxville, TN to raise $6.5 million for the Trenton – Black River I, LP, a limited partnership investment program which will seek to drill, test, complete (if completion is deemed appropriate) and operate 40 wells throughout North Central Tennessee.
“While the past year has seen a decrease in oil prices, we remain extremely confident in this segment of the market for positive long-term investment results,” states SANDLAPPER Securities Founder and CEO Trevor L. Gordon. “We were attracted to John Henry Oil Corporation because of their long history throughout the region as well as their incredibly cost efficient operating style that allows them to control overall production costs. Their average production, or ‘lifting’ costs are substantially less than those in some of the larger and more popular oil and gas territories such as the Permian Basin or Bakken Shale making them less sensitive to the dramatic drop in global oil prices we have seen of late.” Gordon continues, “This certainly makes the prospect of greater margins more plausible. In addition, investors should reasonably expect anywhere from a 75 to 85% write off of their investment in the first year through deductions made from intangible drilling and completion cost deductions.”
John Henry Oil Corporation is run by CEO Connie Love, who has more than 30 years of experience in the oil patch and is the third generation of her family to work in oil exploration, drilling, development and production of oil throughout the region. “We have always operated regionally, and after being continually asked to bring our expertise to a broader audience we finally relented and chose to put out our first securities offering,” says Love. “As the head of John Henry Oil I need to be exploring, drilling and producing, not building investment securities programs and it made sense to work with SANDLAPPER to get this offering to the market based on their experience and reputation.”
The Trenton – Black River, LP has filed its Form D 506c statement with the Securities and Exchange Commission and has launched the capital campaign as of November 9, 2015. SANDLAPPER expects the capital campaign to end on or before December 31, 2015. “We need to raise this capital for Trenton before the end of the year to allow for JHO to receive the tax benefits for investors so they can apply any benefit received to their 2015 tax returns in April,” states Gordon. “All investors must meet the Regulation D Rule 506 requirements as an accredited investor to be accepted into the offering and the minimum investment is $26,000. Prospective investors should discuss with their financial and tax advisors or can reach out to us for more information or a prospectus.”
ABOUT SANDLAPPER SECURITIES, LLC
SANDLAPPER Securities, LLC (Member FINRA/SIPC), is an award winning independent securities brokerage firm with registered representatives located throughout the United States. SANDLAPPER principals and founders Trevor Gordon and Jack Bixler, along with their senior management team bring more than 100 years of financial service, advisory, and management experience to the organization. In 2013, the company was named the number one small business in South Carolina by SC Biz News. In 2014, the company was named one of the nation’s top 100 Financial Services Companies (ranking #56) and in 2015, for the third year in a row, the company was named one of the 5,000 fastest-growing private companies in America and number one Financial Services Company based in South Carolina by Inc. magazine. For more information visit www.sandlappersecurities.com.
