This information should not be taken as an offer or solicitation to sell securities. The information is from sources that are believed to be reliable and in good faith, and does not represent a guarantee. This presentation is the property of Latent Resources LLC and is not to be shared without permission.
Crude oil production generates oily waste in the form of a sludge. Oil companies pay a fee to dispose of this waste. Currently this waste is buried in landfills which potentially could pollute the environment - and represents a liability to the oil companies.
The picture shows the before and after the oily waste is processed through a thermal remediation system.
Market AreaLatent Resources’ plan is to open up its first facility in an area of West Texas known as the Permian Basin. A market area for each facility will encompass an area 75 miles in diameter. Because of improved oil recovery technologies of existing wells, and the addition of new oil wells, analysts are projecting a continued rise in oil production. With increased oil production comes an increase in oily waste.
There are other oily waste disposal companies in the Permian Basin. But in some areas there is only one or no disposals within a 75 mile diameter. It’s in these areas that Latent Resources will target first.
Latent Resources has a unique remediation system that burns the hydrocarbons out of the oily sludge, thus reducing the volume and the hazards of the waste. Currently the volume of waste is increased as it is buried in landfills. When a “greener” method is available that offers environmental protection - for no more cost than landfilling, that will be the responsible choice – that choice will be Latent Resources LLC.
Latent Resources LLC is looking to raise a total of $3.4 million. The investor/s will own 68% of the facility. $50k will purchase a 1% interest. The investor/s will receive all the profits until the investment is paid back.
Five Year Financial Projections
1* 2 3 4 5
Pre Tax Revenue $1,160,000 $2,292,000 $2,784,000 $3,030,000 $3,522,000
*First year includes 4 month construction period.