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How much capital would it take to launch a credible oil and gas exploratory firm?
Suppose I live above one of the great shale "plays" in North America. I've studied up on fracking, and some rich relatives, and want to go find oil. How much money would my rich relatives have to kick in to make a credible go of this? And please don't just guess a number. I could do that [One million! Ah, maybe just half a million! No, minimum of two million! -- see? I've already done that.] Numbers with a little reasoning behind them and a link to a source would be great. Thanks.
8 Answers
- Anonymous2 years agoFavorite Answer
Pocket change.
- Anonymous2 years ago
Minimum $100k
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- tiescoreLv 62 years ago
I don't know the number but look up the books of some of the small cap players in the space. Look at their capital expenditures, and cash flows. That would be the best way to figure it out.
- Anonymous2 years ago
A minimum of $10,000,000. You aren't going to find a source, most people who are getting into the oil and gas business don't come to Yahoo Answers first.
- Anonymous2 years ago
a lot !! ....................
