Phoenix Capital Group
Take Flight with Phoenix
Overview
Platform
Dalmore Group
Start Date
01/09/2023
Close Date
01/09/2024
Min. Goal
$5,000
Max. Goal
$75,000,000
Min. Investment
$5,000
Security Type
Debt
Funding Type
RegA+
Interest Rate
9.00%
Location
Denver, Colorado
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Phoenix Capital Group is raising funds through Reg A+ crowdfunding with Dalmore Group as the Broker-Dealer. The company has decades of experience in identifying lucrative oil and gas investment opportunities and investing in them to generate value for investors. The business is focused on purchasing mineral rights and non-operated working interests in the regions, including the Williston Basin, the Permian Basin, the Powder River, and the DJ Basin. Lindsey Wilson founded Phoenix Capital Group in 2019. The current crowdfunding campaign has a maximum target of $75 million. The campaign proceeds will be used for purchasing mineral rights and non-operated working interests, and additional asset acquisitions.
Balance Sheet
|
Cash and Cash Equivalents |
$1,976,582 |
|
Accounts and Notes Receivable |
$6,681,207 |
|
Property, Plant and Equipment (PP&E) |
$89,942,752 |
| Total Assets |
$83,171,898 |
|
Accounts Payable & Accrued Liabilities |
$9,548,535 |
|
Total Liabilities |
$77,476,595 |
|
Total Stockholders' Equity |
$5,695,303 |
| Total Liabilities and Equity |
$83,171,898 |
Statement of Comprehensive Income Information
|
Total Revenues |
$25,291,144 |
|
Depreciation and Amortization |
$7,645,050 |
| Net Income |
$2,709,408 |
|
Earnings Per Share - Basic |
$0.00 |
|
Earnings Per Share - Diluted |
$0.00 |
Auditor: Cherry Bekaert LLP
Financials as of: 01/09/2023
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