Before putting a lot of dough on this puppy, it’s good to know who is the JV partner. We need to know that World Energy Research have the $23 million US to deliver. If you look at the world energy research website, it’s nicely presented but for all intense & purposes is a shelf company with little content. It’s even using Servcorp in NZ for it’s global headquarters……dig a bit deeper and you some interesting details…read point 5.
This is a keeper boys/girls…..
1) World Energy Research was registered in Jan 09 in San Jose via Maya Consulting Group in Texas. 2) The contact of the domain is Chad Willis. Who is Chad Willis? We’ll in Texas he’s well known. “ More on that below. 3) Website hosted in Texas - San Antonio - Rackspace.com Ltd 4) "We are very excited to partner with a major player in the mining, oil and gas industries like AuDAX. They have a long, successful track record for developing profitable oil and gas fields, creating compelling investment opportunities (www.worldenergyresearch.com) in places where other companies have failed," said Chad Willis, principal behind World Energy Research. "Their unique blend of geological expertise and technical know-how makes AuDAX commodity exploration a company investors should watch."
Below is some info taken from TX-Energy website about Chad Willis and a profile about him.
5) The only well known Chad Willis in Texas is President & Director of TX-Energy Holdings As President and Director of Texas Energy Holdings, Inc., Mr. Willis leads the strategic development of the company’s investment portfolio, and is responsible for the selection, negotiation, well operation, evaluation and field operational management of oil and gas drilling prospects. Mr. Willis also manages acquisitions, institutional and strategic investor relations, and is responsible for developing all investment programs. With a focus on conservative operations and a proven investment strategy, Mr. Willis has helped Texas Energy Holdings consistently surpass internal benchmarks for assets under management. In August 2008, Inc Magazine ranked Texas Energy Holdings in the top ten percent of fastest-growing companies in the nation, and ranked it eighth of the top oil and gas companies in the country. Mr. Willis has been featured in numerous publications including Oil & Gas Magazine and Dallas CEO Magazine. He is a frequent lecturer at financial industry events and is a member of many industry organizations including the Texas Alliance of Energy Producers, the Dallas Petroleum Club and the Tenant-In-Common Association. He is actively involved in local and national philanthropic and nonprofit organizations including Dallas-based Alley’s House, the New York Rescue Workers Detoxification Project and Big Brothers Big Sisters.
Texas Energy Holdings sees the world of energy investing differently than most companies. We believe energy investments should never rely solely on high commodities pricing. Instead, we’ve built our success on a strong and steady platform: acquire undervalued assets and improve their value through experienced operational management and smart development strategies. Our growth is driven by a disciplined investment criterion that capitalizes on production potential while minimizing risk.
Since our inception in 2003, Texas Energy Holdings has participated in or managed drilling of more than 650 wells, with an income-producing success ratio of 98%. In addition to developmental drilling, our scope of operations includes buying portions of existing producing properties purchased mostly from major oil and gas companies.
Texas Energy Holdings, Inc. was named to Inc. Magazine’s Fastest 5,000 Growing Privately-Held Companies in the United States (listing appeared in the August 2008 issue). Based on a three-year growth rate of 1302%, Texas Energy Holdings ranked 186 among the companies on the Inc. 5000 list. Additionally, Texas Energy Holdings was ranked number 8 of the 100 fastest-growing private energy companies, and number 12 of the top 100 fastest-growing businesses in the Dallas-Fort Worth-Arlington, Texas area.
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