Greenflame Resources

Greenflame Resources

Early Stage

Premier energy investment

Premier energy investment

Overview

Raised to Date: Raised: $6,000

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

12/17/2023

Close Date

04/28/2024

Min. Goal
$25,000
Max. Goal
$1,201,923
Min. Investment

$750

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.75

Pre-Money Valuation

$35,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/23/2024

Days Remaining

65

% of Min. Goal

24%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$88

Momentum
cold.svg
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Year Founded

2023

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Hollywood, Florida

Business Type

Growth

Greenflame Resources is raising funds on Dealmaker Securities. It is an oil and gas company that uses sustainable oil extraction methods to support decarbonization. Greenflame Resources has 110 existing wells in Trinidad and Tobago that have the potential to harness 81 million barrels of oil. The business implements carbon capture and sequestration for carbon-neutral gas extraction and has minimal capital expenditures. David Kahn founded Greenflame Resources in August 2023. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.2 million. The campaign proceeds will be used for rent and repairs, per-well prep cost, fuel for steam generation, and general and administrative expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 12/17/2023
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Greenflame Resources on Dealmaker Securities 2023
Platform: Dealmaker Securities
Security Type: Equity - Common
Valuation: $35,000,000
Price per Share: $0.75

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