Denver, Colorado – March 4, 2011 – GWOG Williston, LLC, secured $22 million in debt financing from DB Energy Trading, LLC a subsidiary of Deutsche Bank Americas Holding Corp using a prepaid swap of oil. The debt will be available to GWOG Williston in two tranches, with the proceeds going toward distribution to ownership, operations and development of additional wells in the next two years.
Great Western Oil & Gas Company, LLC is an independent oil and gas production company headquartered in Denver. Its operations are focused on developmental drilling, and corporate and property acquisitions in the Rocky Mountain region of North America.
Great Western Oil & Gas Company is sponsored by The Broe Group, a Denver-based private investment firm focusing on real estate, transportation and energy.