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Trade Days take place
every Tuesday in Houston, Texas at the Houston Americas Hotel.
Trade Days is open to all sponsors at all levels. All bidders are
invited to become sponsors.
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Trade Days take place
every Tuesday in Houston, Texas at the Houston Americas Hotel.
Trade Days is open to all sponsors at all levels. All bidders are
invited to become sponsors.
|
PABCO ENERGY, INC.
The Official Auctioning Company Of
Global Trade Days, Inc.
Global TradeDays Featured Offerings:
$10,000,000 Mid-Continent Divestiture
$125,000,000 offshore property.
$5,000,000 Wyoming Coal Lease
All of the above divestments have minimum bids that are subject to seller accepting six-day option bid.
Sellers! It’s not too late. You still have time to include your prospects, large acreage blocks and producing leases in these upcoming forums. Listings can be entered by mail or fax. Don’t delay. Sign up now for good placement.
Buyers! Don’t miss out on these opportunities to meet with your peers in the industry and take advantage of these buying opportunities.
These silent auctions are an opportunity to buy, sell or trade
the option to evaluate and research the property for up to six days. During those six
days, the winning bidder has the exclusive right to buy the lease at a full price or a
negotiated price with the seller.
In the six-day option period, the property can be examined by a
geologist, a title search can be performed, a pumper can be contacted, and an on-site
inspection can be performed. The option period can be extended by doubling the option
price.
The seller has placed a minimum price on the property, but the
buyer has the choice to negotiate with the seller on the purchase price, as part of a
purchase an sale agreement executed by the Buyer and the Seller, with Global Trade Days,
Inc., as the agent.
If the option bidding exceeds 20% of the minimum price for the property, the auction converts to bidding on the property itself, and the property is sold at final auction. For example, if the bid option for a one-million dollar piece of property exceeds the 20% value of the property--$200,000--the property would be immediately reauctioned for a final sale price.
Benefits for the Buyer
The option makes the evaluation process more cost-effective and timely for the buyer. This
process eliminates the expensive advance due diligence that is wasted when a buyer is
outbid on a chosen parcel. For example, the buyer may need to purchase expensive
equipment, such as 3D seismic, to assess the property. The option will make this purchase
decision more comfortable.
The concept of putting down a small amount of cash in order to optimize the opportunity to evaluate and make the purchase decision on the oil and gas property provides a new level of excellence in auction effectiveness, insuring minimal risk for the buyer. The option money goes toward the purchase price if the sale is made.
Benefits for the Seller
The seller also enjoys benefits of the option process. It is a great opportunity to get
the property in front of more potential buyers. The seller has the option to set the
minimum bid price. The tie-up period for the property is shortened. The seller must deal
with fewer people before the sale, and with only one winning party. This will help reduce
the risk of upsetting existing staff. Another advantage is that the seller can walk in the
day of the sale and list the property, thus minimizing the cost of advertising fees and
related expenses.
TRADE DAYS AUCTION RESERVATION REQUEST
Every Tuesday in Houston, TX
Fax to: (713) 622-3268
Mail to: Global Trade Days, Inc.
P.O. Box 701226
Tulsa, Oklahoma 74170
USA
