Revive Oil & Gas Opportunity Fund, LLC
Project: Rainbow 66, LLC
Executive Summary:
Qualified Opportunity Funds (QOFs) have attracted significant attention as a potential major source of untapped capital to revitalize under-served communities and as an outlet for investors to preserve capital gains by unlocking substantial tax incentives, while potentially generating additional investment yields. Enacted as part of the 2017 Tax Cuts and Jobs Act, the Opportunity Zones program was established to encourage social advancement and private investment in low-income communities to aid job creation and new business formation.
The program incentivizes investment by allowing for a deferral of capital gains, reducing tax obligation on a portion of those gains and, most notably, allowing QOZ investments to grow tax-free. Revive Oil and Gas Opportunity Fund, LLC is a new and radical investment opportunity with a nationwide focus on oil and gas sectors.
Specifically, we will seek to invest in distressed or near bankrupt oil and natural gas companies with existing well production and distribution in place. such investments will only be made into companies that can comply with the qualified opportunity zone business criteria.
Investment Thesis:
Revive’s second Opportunity Zone investment will be in Rainbow 66 LLC, a gas and oil company in Oklahoma.
The fund’s executive management team including the general members, fund managers and advisors with years of expertise in the oil and gas industry that are uniquely positioned to isolate, pinpoint and target unique and opportunistic business opportunities to maximize shareholder equity, minimize risk and produce consistent monthly shareholder income.
While they recognize the inherent risks and rewards the oil and gas industry presents, especially in this unique time in our economy; their distinct knowledge enables them to recognize significant and stable oil and gas assets that through acquisition will provide the fund’s shareholders with long term growth and consistent shareholder income.
Taking into account the discounted cost to acquire income producing oil and gas assets (Currently), and the high cost to build and acquire new oil and gas producing assets, produces a unique buying opportunity for the fund to capitalize on this timing of the market.
Rainbow 66, LLC
Rainbow 66 Energy LLC was formed in 2012 and in Good Standing with Oklahoma Secretary of State.
To build a strong capital base, Rainbow sought out overlooked regions where management believes they can compete very effectively. The Company targeted unique situations where sellers in these regions are distressed or are under pressure to sell proven oil and gas reserves at a reasonable price.
Founded by Bruce Keeler, who has over 39 years’ experience in O & G exploration in AR, OK and TX. Mr. Keeler has owned and operated all facets of energy industry operations. He formed Rainbow 66 Energy to acquire additional O & G properties and consolidate them with his AR holdings.
