Encore shall take reasonable steps to verify the accredited status of each prospective investor. Encore shall only make investment opportunities available only to SEC defined accredited investors who are sophisticated in making investment decisions and can afford the loss of their entire investment. SEC Regulation D, Rule 506(c) – (Federal Exemption): Section 201(a) of the JOBS Act requires the SEC to eliminate the prohibition on using general solicitation under Rule 506 where all purchasers of the securities are accredited investors and the issuer takes reasonable steps to verify that the purchasers are accredited investors, as defined by the SEC. The Company has positioned itself to provide Encore, and its partners, years of production income from both oil and natural gas.Įncore ships oil directly to Ergon through the Kentucky Oil Refining Company (KORC), and sells natural gas directly to Lawrence County Gas LLC.Įncore is the bonded well operator for each project and manages its gas pipeline system(s) through a subsidiary, Encore Peters Branch Gas Pipeline. Lawrence County is one of over sixty oil-producing counties and is the highest oil-producing county in Kentucky, representing nearly 25% of the state’s oil production.Įncore has recently made horizontal oil and natural gas discoveries in the Peters Branch area of Lawrence County and is currently developing a natural gas transmission “pipeline” system to optimize oil production and sell natural gas to the end purchaser. Encore is currently drilling multiple horizontal oil wells directly off-set to some of the very best oil and natural gas production and reserves across this entire horizontal play. Encore is drilling in an area of proven oil and natural gas production where horizontal well projects have produced in excess of ~30000 barrels of oil equivalent (BOE) per well in the first year from the horizontal Berea Oil Sandstone.

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