Inland Mid-Continent Corporation

Inland Mid-Continent Corporation

Early Stage

Mineral lessee of oil and gas leases

Mineral lessee of oil and gas leases

Overview

Funding data not publicly available
Platform

Rialto Markets

Start Date

02/27/2023

Close Date

Not Provided

Min. Goal
$500
Max. Goal
$10,000,000
Min. Investment

$500

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$11,500,000

Year Founded

2016

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Tulsa, Oklahoma

Business Type

Growth

Inland Mid-Continent Corporation is raising funds through Reg A+ crowdfunding with Rialto Markets as the Broker-Dealer. The company is a mineral lessee of oil and gas leases in its project areas. The project areas of Inland Mid-Continent Corporation include deep wells close to known hydrocarbon production and are inexpensive to drill. Overall, Inland Mid-Continent Corporation is the lessee of 91 mineral leases with a gross leased area of 1,520 acres. The current crowdfunding campaign has a maximum target of $10 million. The campaign proceeds will be used for well drilling, lease acquisitions, and startup expenses reimbursement.

Balance Sheet

Cash and Cash Equivalents

$500

Property, Plant and Equipment (PP&E)

$569,836

Total Assets

$570,336

Accounts Payable & Accrued Liabilities

$0

Long Term Debt

$0

Total Liabilities

$58,896

Total Stockholders' Equity

$511,440

Total Liabilities and Equity

$570,336

Statement of Comprehensive Income Information

Costs & Expenses Applicable to Rev

$7,103

Net Income

$7,103

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: Turner, Stone & Company L.L.P.
Financials as of: 02/27/2023
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Inland Mid-Continent Corporation on Rialto Markets 2023
Platform: Rialto Markets
Security Type: Equity - Common
Valuation: $11,500,000
Price per Share: $1.00

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