Pytheas Energy
Early Stage
FORWARD THINKING INDUSTRY SOLUTIONS
Overview
Raised: $3,700,000
Total Commitments ($USD)
Platform
Equifund
Start Date
03/13/2024
Close Date
12/31/2024
Min. Goal
$19,999
Max. Goal
$5,000,000
Min. Investment
$500
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$0.61
Pre-Money Valuation
$23,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/27/2024
Days Remaining
247
% of Min. Goal
18,501%
% of Max. Goal
74%
Likelihood of Max
Avg. Daily Raise
$82,222
Momentum
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Year Founded
2024
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Location
Palm Beach, Florida
Pytheas Energy, with a valuation of $23 million, is raising funds on Equifund CFP. It is an upstream oil and gas producer in the State of Nevada. Pytheas Energy seeks to acquire, operate, and sell producing oil and gas assets in the Permian Basin and the Bakken. Currently, the company has non-operating interests in 19 wells in the Bakken Basin and a 2.5% non-operating interest in 113 wells in the Permian Basin. Josh Zuker and Geoff Brandt founded Pytheas Energy in February 2024. The current crowdfunding campaign has a minimum target of $19,999.46 and a maximum target of $4.99 million. The campaign proceeds will be used for lease acquisition costs, software development, drilling, completion, and production facilities, working capital, and general and administrative expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
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: 03/13/2024
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