Brucemark Petroleum announced the launch of a new $936,000 direct participation program. The offering is expected to close within a year. The company closed twelve private placements which raised an estimated $9.26 million.
The company is a small family owned independent energy company focused on exploration of the Illinois basin. It offers oil and gas investment opportunities through direct participation programs and oil and gas direct participation working interest which enable investors to participate in the potential cash flow and unique tax benefits associated with oil and gas investments. The company’s production is sold to Countrymark Refinery located in Mt. Vernon IN. While it sponsors and supervises all of its oil field projects, the company relies on MDM Energy for its fields operation and coordination.
The company, headquartered in Addison TX, is led by Bruce B. Rafael (President). Revenues on or below $1 million were reported by Brucemark Petroleum for the latest fiscal year. The executive team includes Mark Aaron Rafael and Alex Rafael.
Company: Brucemark Petroleum Inc
Industry: Oil and Gas
Amount offered: $936,000
Amount placed: $0