CrudeShares launches platform for O&G shares interchange
- Business & Finance
CrudeShares has announced that the company has launched a private platform for the Oil & Gas Industry which allows buyers and sellers of privately held shares to interchange.
“This is an exciting new opportunity for the worldwide Oil & Gas Industry,” said Chuck Kowalski, V.P. of Investments at CrudeShares.
“CrudeShares is opening a dynamic new environment to energy investors who will be able to arrange to buy or sell shares of qualified private oil and gas companies.”
According to CrudeShares, this platform provides the opportunity for individual investors to have access to investing in oil companies that were once inaccessible. Shareholders of listed companies can offer their shares for sale on CrudeShares.com™, creating a means to exit an otherwise illiquid position.
Shares of companies can be listed on the website from a few sources; directly from the company, from corporate officers or may come from employees who seek to diversify their personal holdings.
Pre-launch registration for interested parties opens on April 20, 2014. Transactions will be facilitated commencing on July 7, 2014.
CrudeShares is an international provider of technology, information and private company services serving the global oil and gas market. CrudeShares connects registered and qualified private companies and shareholders with the global community of investors.
CrudeShares is a wholly owned subsidiary of Engota, LLC. CrudeShares and Engota, LLC are companies managed by The Group, offering new financial services and market tools for the Oil & Gas industries.