John Henry Oil announces closing date on Trenton – Black River I, LP Capital Campaign
October 24, 2016
John Henry Oil Corporation (“JHO”) the sponsor of the
2015 Trenton-Black River I, LP exploration and drilling partnership and SANDLAPPER
Securities, LLC (“SLS”) the placement agent for the offering have announced the offering will be
closing to new investors on or before November 30, 2016.
JHO is a Kentucky corporation with deep roots in the oil fields of Appalachia, specializing in
hydrocarbon exploration and development. The company and its predecessors have over 90
years of highly successful regional experience, and deep generational relationships in Kentucky
and Tennessee. The Trenton-Black River I, LP has leveraged these relationships in putting
together this offering, with test holes drilled and multiple sites already selected. Since 1997,
JHO has led the State of Tennessee in oil production.
“John Henry Oil Corporation (JHO) engaged us to raise funds for the Trenton – Black River I,
LP. We were impressed with their incredibly cost efficient operating style that allows them to
control overall production costs and look forward to finishing this offering out for them strong,
providing clients with the tax advantages from these types of drilling programs and taking
advantage of the current rise in oil prices,” said SANDLAPPER Securities Founder and CEO
Trevor L. Gordon.
Connie Love, CEO of John Henry Oil has been in the industry since she was born. She is the
third generation of her family to work in oil exploration, drilling, development and production of
oil throughout the region. “Our cost-efficient operating style has allowed us to keep our break
even costs to less than $20 a barrel, and oil is now above $50 per barrel,” Love said. “We are
excited to finish this program out and get the investor dollars deployed right away.”
“With such low break-even costs/lifting costs, greater potential for profitability is far more
plausible than in other drilling regions of the country. In addition, investors should reasonably
expect up to 85% write off of their investment in the first year through deductions made from
intangible drilling and completion cost deductions,” states Gordon.
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 #1 small business in
South Carolina by SC Biz News. In 2016, for the fourth 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
