Need 150K loan, will pay 25%, collateral is oil!

[panici 0]

I have a couple in Texas sitting on 40-60 oil wells. They need 150K to get some of these wells into production. They will pay 25% interest for 1-2 years (lender's choice). The collateral for this loan is the oil equipment and the leases on 44 wells. I have detailed documents to prove the worth of the collateral, and, with the price hitting $100/barrel, I think this is quite a safe investment. There is also a back in for the lender receiving 13.5% working interest on the life of these wells.

Anxious to get into production.

psglobal1@yahoo.com