Today’s Form D On Watch: Usedc 2016 Drilling Fund Filing. Douglas K Walch Submitted Nov 18 SEC form

Oil And Gas Usedc 2016 Drilling Fund Lp - Douglas K Walch

Usedc 2016 Drilling Fund Form D

The New York-based Usedc 2016 Drilling Fund Lp released D form regarding $100.00 million offering. The date of first sale was 2016-11-07. The Limited Partnership raised $100,000 so far. That is 0.10% of the $100.00 million offering. The total offering amount was $100.00 million. The form was filed on 2016-11-18. Usedc 2016 Drilling Fund Lp’s clarification was: Dealer-Manager Fee – 2%; Sales Commission – 7%; Due Diligence Fee – 0.5%; Marketing Fee – 0.5%.. The offering has $99.90 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 D 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: 000168133716000018.

Analysis of Usedc 2016 Drilling Fund Offering

On average, companies in the Oil and Gas sector, sell 13.77% pooled investment fund interests. Usedc 2016 Drilling Fund sold 0.10% of the offering. The average offering amount is $227,000 for companies in the Oil and Gas industry sector. The total amount raised is 55.95% smaller than the average for companies in the Oil and Gas sector.

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