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Shazam Stocks Featured Company: Energy Finders, Inc (EGYF.OB)

Energy Finders, Inc. is an independent oil and natural gas exploration and production company in the United States. The company focuses on identifying underperforming energy assets, which are revitalized through a meticulous process of evaluation, application of modern well technology, and stringent management controls. This process allows the company to increase its asset base and cash flow, while significantly reducing the risk of traditional exploration projects. The company’s vision is to be a high-growth, highly efficient, cost-effective developer of energy-based resources and infrastructure.

The company operates, participates, and seeks joint ventures partners with other companies that have strengths that are complementary to their own or which bring competitive advantages. Due to the company’s size, the company believes that partnership is desirable, because there are times when risk-sharing of the investment and development cost creates an attractive prospect the company would otherwise be unable to pursue due to the investment required.

One of the company’s current projects and partnerships includes a joint venture with Mega-West Energy Inc. (MGWSF.OB) to develop the Trinity Sands heavy-oil project west of San Antonio, Texas. The Project area presently covers 34,000 acres, more or less, of which they will retain a 23.33% working interest in the project after development.

Energy Finders is lead by experienced industry professionals including Randolph Hastings, Jr., who has more than 15 years of experience in organizing oil and gas projects in the US and Australia, where he also operates Hastings Consulting out of Cisco, Texas, a business consulting for oil and gas exploration and development. Along with Mr. Hastings, Geologist Wilford Lee Strapp directs all geological activities associated with oil and gas projects for the company. He brings more than 50 years of experience from all major oil and gas basins both in North America and internationally.

Energy Finder’s mission is to create value for their shareholders by applying strong technical expertise to strategies that will unlock substantial oil and gas resources in areas where production can be achieved quickly and efficiently. The management team believes that it can “achieve the company’s objectives by utilizing a risk mitigated approach of investing in relatively low cost, low risk drilling opportunities in the U.S.”

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