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Paul Thomas Benedicte Gravrand, Opalesque Geneva:

One of the principals of Ledger Petroleum speaks to Opalesque about their new oil and gas fund and about peak oil, shale oil and future sources of energy.

Ledger Petroleum, LLC, is a Texas-based privately held asset management firm that specializes in acquiring and managing non-operated working interests in producing oil and gas properties, founded in 2005. The fund, called Ledger-Cambrian Partnership, Ltd., was launched in March 2015, and is currently raising money. It will buy into a variety of oil and gas wells around North America. The principals run another small fund, which was launched in 2004.

Opalesque: What was your rationale for launching this new fund?

Paul Thomas: My partner is an accountant and I am a geologist, and we have been in the oil business for decades. The Tech Crisis in 2000 is where the rationale for starting our fund came from. Everybody was losing money during the crisis while our oil properties were continuing to throw off cash every day, and they were fixed stable income production over the decades.

  I still receive monies from oil and gas properties my father brought in 1950. So that’s what we want for our partners; we want to be able to pool their money together and go buy oil and gas properties ......................

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