Mountain V Oil & Gas Launches $20 Million Private Investment Fund

Mountain V Oil & Gas has launched a $20 million fund focused on recompleting oil and gas wells in Kentucky's Appalachian Basin, offering a strategic investment opportunity for accredited investors.

August 21, 2024

Mountain V Oil & Gas Inc., a company specializing in oil and gas exploration, has introduced the Mountain V 2024 Fund I, LP, a private placement for accredited investors. The fund seeks to raise up to $20 million through 468 available units of limited partner and general partner interests, targeting oil and gas opportunities in the southern Appalachian Basin.

The fund’s primary focus is the recompletion of up to 50 oil and gas wells in Kentucky’s Bell, Harlan, and Knox counties, acquired from AXP Energy LLC. These wells will be enhanced using modern slickwater and proppant frac technology to boost production from the Maxon Sandstone formation

Mountain V’s CEO, Mike Shaver, commented that “This fund represents a strategic opportunity for accredited investors to participate in a targeted oil and gas recompletion program … Our approach leverages Mountain V’s expertise and the favorable geology of the Appalachian Basin to unlock value for our investors.” CFO Ganesh Sakshi highlighted that the fund is structured to align the interests of both the company and its investors, ensuring shared benefits from the success of the recompletion program.

As an incentive, additional units are available for investments made before October 31, 2024, with the potential for further well developments depending on the fund's success. Mountain V, a privately held company, focuses on the exploration, acquisition, and development of oil and gas properties in the Appalachian Basin, prioritizing operational excellence and investor value creation.