Purdy Oil, LLC
Purdy Oil, LLC is an energy fund based in Ramona, California. According to its most recent Form D, filed Jan 27, 2023, it has sold $5,115,606 of interests to 5 investors since its first sale in Feb 2021. The minimum investment it accepts from an outside investor is $20,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Gene Purdy; James Franklin.
- Total raised
- $5,115,606Cumulative sales reported on Form D
- Investors
- 5
- First sale
- Feb 1, 2021
- Minimum investment
- $20,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Gene Purdy; James Franklin
- Latest Form D
- Jan 27, 2023
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Purdy Oil, LLC
What is the minimum investment for Purdy Oil, LLC?
According to its latest Form D, filed Jan 27, 2023, the minimum investment Purdy Oil, LLC accepts from an outside investor is $20,000.
Who can invest in Purdy Oil, LLC?
Purdy Oil, LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Purdy Oil, LLC raised?
Purdy Oil, LLC reports $5,115,606 sold from 5 investors on its Form D filed Jan 27, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Purdy Oil, LLC based?
Purdy Oil, LLC is based in Ramona, California.
When did Purdy Oil, LLC launch?
Purdy Oil, LLC reports its first sale in Feb 2021.
Size compared with every energy fund
Raised more than 38% of the 8 energy funds based in California, and more than 65% of all 332 that report sales.