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Palm Beach and Ft. Lauderdale Residents Gain Liquidity From Oil and Gas Holdings

Posted on: Friday, 10 July 2009, 11:34 CDT

CHICAGO, July 10 /PRNewswire/ -- Meridian Capital and Entrex are helping local investors receive a lump sum of cash in exchange for a portion of their monthly oil and gas production interests. The Meridian Capital Fixed Annuity TIGRcub(TM) Fund is actively buying partial interests in producing oil and gas projects and has finalized two $25 million projects with Ft. Lauderdale and Palm Beach well owners.

The Florida-based fund is offering lump sum cash in exchange for a pre-determined portion of the investors' production cash flow for a defined period of time. The opportunity exists for oil and gas interest holders to see $10-120 million in up-front capital from wells producing only $3-5 million in current annual production.

Stephen H. Watkins of Entrex, origination advisors to Meridian fund management, is candid about the benefit that local residents can gain from this type of transaction. "It's a perfect storm of events that brings together this amount of large institutional capital that is looking to buy these oil and gas interests right now--during a time when the original investment holders could use some liquidity in their portfolios that comes at a fair price."

Transactions are not limited to South Florida residents, but fund management feels that working locally is efficient to speedy transaction completion and can bring billions of dollars in oil and gas interests back into the Florida region.

Watkins adds, "Meridian Capital is solving a huge void for the oil and gas financing sector. It fills the space between traditional short term bank debt and permanent equity transactions, offering a cost of capital that falls between the two."

Parties interested in discussing details of the Meridian Fund should contact Erika Conefry directly at econefry@entrex.net or 877-4-ENTREX (436-8739).

ABOUT ENTREX INC:

Entrex is the place to find, research, track, manage and trade securities for entrepreneurial companies. Through the TIGRcub(TM) security structure, Investors and Issuers are brought together in a Capital Market System that serves both private and public companies. TIGRcubs(TM) provide Investors with monthly income, liquidity and investment returns that are not based on exit events, or exposed to the volatility of the equity capital markets--all while providing Issuers a non-dilutive capital solution with risk-adjusted pricing simulating either debt or equity structures. www.entrex.net.

SOURCE Entrex

Source: PR Newswire

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