TankHead Oil & Gas Company

TankHead Oil & Gas Company

Early Stage

Independent oil & gas company

Independent oil & gas company

Overview

Funding data not publicly available
Platform

IPO Wallet LLC

Start Date

03/19/2023

Close Date

02/15/2024

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.25

Pre-Money Valuation

$8,500,000

Year Founded

2021

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Lufkin, Texas

Business Type

Growth

TankHead Oil & Gas Company is raising funds on IPO Wallet. It is an oil and gas company that seeks to acquire interests in oil and gas assets in the continental US. The company currently holds a 21.75% interest in 110 active producing wells in Cooke County, Texas, and plans to acquire more producing assets. TankHead Oil & Gas Company is led by an experienced team and is focused on acquiring royalty interests, mineral interests, and non-operated working interests. Kenneth W. Welch founded TankHead Oil & Gas Company in June 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used to acquire additional properties.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$731,404

$0

COGS

$755,478

$0

Tax

$5,853

$0

 

 

Net Income

$-67,261

$-51,111

Summary Balance Sheet

FY 2022 FY 2021

Cash

$230,080

$1,281

Accounts Receivable

$0

$0

Total Assets

$6,509,237

$26,281

Short-Term Debt

$769,491

$2,392

Long-Term Debt

$2,712,193

$0

Total Liabilities

$3,481,684

$2,392

Financials as of: 03/19/2023
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TankHead Oil & Gas Company on IPO Wallet 2023
Platform: IPO Wallet LLC
Security Type: Equity - Common
Valuation: $8,500,000
Price per Share: $1.25

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