Usedc 2016 Drilling Fund Form D
The New York-based Usedc 2016 Drilling Fund Lp had published form D regarding $100.00 million offering. The date of first sale was 2016-10-31. The Limited Partnership raised $80,000 so far. That is 0.08% of the $100.00 million offering. The total offering amount amount was $100.00 million. This form was filed on 2016-11-02. Usedc 2016 Drilling Fund Lp’s clarification was: Two sales in Minnesota on 10/31/16. First sale – $20,000. Second sale – $60,000. Total of both sales – $80,000. Steve Knuttila (CRD 3039112) is the representative for Capital Financial Services, Inc. (CRD 8408) who was involved with both sales.. The offering has $99.92 million left to be raised and is still open.
Usedc 2016 Drilling Fund is based in New York. The company’s business is Oil and Gas. The SEC form was filed by Douglas K Walch President of Managing General Partner. The company was incorporated in 2016. The filler’s address is: 2350 North Forest Road, Getzville, Ny, New York, 14068. U.S. Energy Development Corporation is the related person in the form and it has address: 2350 North Forest Road, Getzville, Ny, New York, 14068. Link to Usedc 2016 Drilling Fund Filing: 000168133716000012.
Analysis of Usedc 2016 Drilling Fund Offering
On average, startups in the Oil and Gas sector, sell 13.77% pooled investment fund interests. Usedc 2016 Drilling Fund sold 0.08% of the offering. The average investment offering size is $227,000 for companies in the Oil and Gas industry sector. The total amount raised is 64.76% smaller than the average for companies in the Oil and Gas sector.
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