[Context: On November 17, Elk Petroleum Inc., a Wyoming-based subsidiary of publicly traded Elk Petroleum Ltd. (ASX:ELK), disclosed securing $65m in equity fundraising, according to US securities filings. Further details, including additional debt investors, and related links are below.]


On November 6, Elk Petroleum Ltd. announced that it had issued $65m in preferred equity shares to AB Energy Opporutnity Fund, L.P., according to a press release. (New York-based AB Energy Opporunity is a private equity firm that raised more than $150m in 2016, according to securitites filings.) Elk Petroleum also secured $98m in debt capital from HPS Investment Partners, LLC., Riverstone Credit Partners, L.P. and AB Energy Opportunity Fund, L.P., the release showed. The capital will fund Elk Petroleum’s $160m acquisition of EOR assets in the Aneth Oil Field from Resolute Energy (NYSE: REN).


Elk Petroleum AB Energy Opportunity Fund

1. Issuer’s Identity

CIK (Filer ID Number) Previous Names
X None
Entity Type
0001723244
X Corporation
Name of Issuer
Elk Petroleum, Inc.
Jurisdiction of Incorporation/Organization
DELAWARE
Year of Incorporation/Organization
X Within Last Five Years (Specify Year) 2017

2. Principal Place of Business and Contact Information

Name of Issuer
Elk Petroleum, Inc.
Street Address 1 Street Address 2
123 W. 1ST ST. STE# 490
City State/Province/Country ZIP/PostalCode Phone Number of Issuer
CASPER WYOMING 82601 307 265 3326

3. Related Persons

Last Name First Name Middle Name
Hornafius John Scott
Street Address 1 Street Address 2
123 W. 1st St., Ste# 490
City State/Province/Country ZIP/PostalCode
Casper WYOMING 82601
Relationship: X Executive Officer X Director

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Dolan V. Brian
Street Address 1 Street Address 2
123 W. 1st St., Ste# 490
City State/Province/Country ZIP/PostalCode
Casper WYOMING 82601
Relationship: X Executive Officer

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Lingo Bradley William
Street Address 1 Street Address 2
123 W. 1st St., Ste# 490
City State/Province/Country ZIP/PostalCode
Casper WYOMING 82601
Relationship: X Executive Officer X Director

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Murdock James Nicholas
Street Address 1 Street Address 2
123 W. 1st St., Ste# 490
City State/Province/Country ZIP/PostalCode
Casper WYOMING 82601
Relationship: X Director

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Rosalez Randy Rory
Street Address 1 Street Address 2
123 W. 1st St., Ste# 490
City State/Province/Country ZIP/PostalCode
Casper WYOMING 82601
Relationship: X Executive Officer

Clarification of Response (if Necessary):


4. Industry Group

>

Energy

X Oil & Gas

5. Issuer Size

Revenue Range OR Aggregate Net Asset Value Range
X Decline to Disclose

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

X Rule 506(b)

7. Type of Filing

X New Notice Date of First Sale 2017-11-06

8. Duration of Offering

Does the Issuer intend this offering to last more than one year?
X No

9. Type(s) of Securities Offered (select all that apply)

to Acquire Security

X Equity

 

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?
X No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $0 USD

12. Sales Compensation

Recipient
Recipient CRD Number X None
(Associated) Broker or Dealer X None
(Associated) Broker or Dealer CRD Number X None
Street Address 1 Street Address 2
City State/Province/Country ZIP/Postal Code
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States

13. Offering and Sales Amounts

Total Offering Amount USD
or X Indefinite
Total Amount Sold $65,000,000 USD
Total Remaining to be Sold USD
or X Indefinite

Clarification of Response (if Necessary):

14. Investors

 Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.
Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:
2

15. Sales Commissions & Finder’s Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions $0 USD
Finders’ Fees $0 USD

Clarification of Response (if Necessary):

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0 USD

Clarification of Response (if Necessary):

Signature and Submission

Issuer Signature Name of Signer Title Date
Elk Petroleum, Inc. /s/ John Scott Hornafius John Scott Hornafius President 2017-11-17

Related Links