Greenville, S.C. | January 11, 2017 – SANDLAPPER Securities, LLC (“SANDLAPPER”) raised more than $3 million for the Trenton-Black River I, LP (“Trenton-Black River”) a 40 Well Drilling Program sponsored by John Henry Oil Corporation (“John Henry”). John Henry, a Kentucky-based corporation and the Managing General Partner of Trenton-Black River, has deep roots in the oil fields of Appalachia specializing in hydrocarbon exploration and development and over 90 years of highly successful regional experience.
Since breaking initial impounds and putting investment dollars to work, Trenton-Black River has drilled 14 test holes and six wells with two showing to be in very good oil zones and are scheduled to be completed for production to begin. John Henry is currently running 25% ahead of budget on Trenton-Black River.
“Looking to shore up some year end tax deductions, drilling programs have often been highly sought out investment vehicles,” said SANDLAPPER Securities Founder and CEO, Trevor Gordon. “With recent weakness in oil prices caused many to pull back from the sector in 2016, but those who see the continued strength on the sector stand to make sizable gains in oil as we have seen significant rebounds from market bottoms as of late.”
“We are thrilled with what SANDLAPPER was able to achieve for us in 2016,” said Connie Love, President and CEO of John Henry Oil Corporation. “They understood the intrinsic value in the sector and really pushed hard for their clients to see beyond recent weakness in the space and look at the longer-term potential as oil prices rise.” Love continues, “Having these capital dollars to deploy in 2016 we were able to maximize our investments in equipment that had been repriced during the oil bottoming period and allowed us to exploit certain market conditions to ultimately create greater value for our partners and hopefully maximize profits.”
Founded in 2005, SANDLAPPER Securities is a full service independent broker dealer and dealer manager of alternative investment products. For more information on SANDLAPPER Securities, LLC visit http://www.sandlappersecurities.com/.
ABOUT SANDLAPPER SECURITIES, LLC
SANDLAPPER Securities, LLC (Member FINRA/SIPC), is an award winning independent securities brokerage firm with registered representatives located throughout the United States. SANDLAPPER principals and founders Trevor Gordon and Jack Bixler, along with their senior management team bring more than 100 years of financial service, advisory, and management experience to the organization. In 2013, the company was named the #1 small business in South Carolina by SC Biz News. In 2016, for the fourth year in a row, the company was named one of the 5,000 fastest-growing private companies in America and number one Financial Services Company based in South Carolina by Inc. magazine. For more information visit www.sandlappersecurities.com.