CONTACT INFORMATION
817-416-0880 ext.11, fax 817-329-6464, cell 817-715-0338
Miesen Development Corp, MD Partners, Inc.
1452 Hughes Road #315, Grapevine TX 76051
Miesen Development Corp: Mission Statement
Miesen Development Corp (“MDC”) was incorporated in Texas by Dale Miesen in March 2002 to primarily develop "proven reserves" of natural gas, oil and mineral rights in the USA by providing private investment opportunities that can provide strong income and tax benefits with moderate risk. The increasing demand for energy and unique tax benefits for domestic drilling and development, of up to 100% tax write-off, make for a timely opportunity. Income streams from producing wells and/or royalty from mineral rights are ideal for many investors. Non-industry investors now have an offering basis that allows a level of participation that is “suitable” and in which the technical and geological issues have been analyzed and put into layman's terms in a Private Placement Memorandum (PPM). The reporting and revenue distribution are managed by the MDC and contracted associates. Finally, gold and other precious minerals development opportunities are being considered for a hedge against currency devaluation and inflation.
Dale Miesen, President and Founder, received a BA in Psychology and Philosophy from the University of Idaho (1976). He was a treatment counselor, manager and post-grad student from 1976 to 1981. He obtained an insurance license in 1981 and, after 15 years in the insurance industry as a sales manager and financial planner, and studied private finance and venture capital. He obtained his FINRA Series 7, 63 and 65 securities licenses with Merrill Lynch in 1997. He joined a private placement Broker-Dealer in 1998, obtained a Series 24 license, and served as the Securities Principal and manager with the firm for three & one half years until March 2002. He founded Miesen Development Corp (MDC) as a Texas corporation in March 2002 and MD Partners, Inc. in October 2002, and serves as President of both. Mr. Miesen has been a member of the American MENSA organization since 1980 and has many interests.
Operational Objectives
Miesen Development Corp (MDC) selectively funds low to moderate risk “Proven Un-Developed” (PUD) and/or “Probable” Reserves of natural gas and oil primarily in TX and LA. MDC has Issued twenty seven (27) separate private offerings for both single and multiple well packages, and one for mineral rights since April 2002. While there have been some dry holes, and several have now been plugged after a period of commercial production, the others are either in production, completed but awaiting sales connection, or scheduled to be drilled or re-completed soon. The company website has information posted periodically to allow investment partners to see current or past projects at “Projects”, and to see updates, production reports and other information at “Well Reports”. Due to securities regulations and restrictions on general advertising, you must obtain a Username and Password to access these areas of the website. Please contact us directly or by email to provide certain information that would then allow us to disclose private offerings to a prospective investor. All phases and elements of research, oversight and management for project formation, the offering, execution and management are the responsibility of the private placement Issuer.
Private Offerings
MDC is the “Issuer” of private placement offerings in the US (Reg. D) which are prepared by legal counsel (Secore and Waller, Dallas, TX) and filed with the SEC, and in states where a sale is made. Offering(s) have also been made for Germany (Reg. S). FINRA licenses or registration are not required for MDC or its officers but all its officers have held FINRA/NASD licenses and strictly abide by applicable securities regulations. All phases and elements of research, oversight and management for project formation, the offering, execution and management are the responsibility of the private placement Issuer, MDC. To date, MDC has issued and funded twenty seven (27) private development projects and is currently offering a mineral rights acqusition partnership targeting natural gas reserves in the Barnett Shale of north Texas.
Consultants, Counsel, Accounting and Banking
Securities Legal Counsel
Dan Waller, Attorney and CPA, “Secore and Waller, L.L.P.”, Dallas, TX.
Mr. Waller has been preparing private placement securities offerings for over twenty years and has prepared them for MDC for the past three years. Professional degrees: BA in Political Science-Economics, Univ. of Illinois, Champaign, IL (1973), J.D., St. Mary’s Univ. of Law, San Antonio, TX (1976). CPA certification 1979. He has been employed by the Texas Securities Board form 1976 to 1980, and the SEC from 1981 to 1984. He was a Partner at two legal firms in Dallas until he and Mr. Secore formed the firm of Secore and Waller, LLP in January 1995.
Consulting Legal Counsel
Edward M. Edson, P.C., and CPA, Dallas, TX.
Mr. Edson has a vast background in U.S. and international taxation, financial/estate planning, litigation and other specialties. Professional degrees: A.B., Univ. of California (1969), J.D. Texas Tech Univ. (1974), M.B.A., Southern Methodist Univ. (1975), LL.M. in Taxation, NY Univ. (NY), School of Law (1978). He now practices law independently.
Consulting Geologist
Rod Einspanier, “Einex Energy, Inc.”, Dallas, TX. Licensed Petroleum Geologist (#1262) TX. He has a BS in Geology from TX A&M, College Station, TX (1981) and has been a professional petroleum geologist and exploration manager with independent producers for 28 years. He has also been instrumental in developing very prolific reserves in Texas and surrounding states. Other geologists, engineers, geophysicists and operational firms are consulted on a case by case basis to get the best regional expertise.
Richard Robba, “Packstone Resources, Inc.”, Grapevine, TX. Licensed Petroleum Geologist. He has a BS in Geology from the University of New Hampshire and has been a professional petroleum geologist and exploration manager with a number of producers for over 20 years. He has also been instrumental in developing oil and gas plays primarily in Kansas, Texas and Pennsylvania. Shale plays have been his focus for the past five years, especially the Barnett Shale of North Texas.
-Other geologists, engineers, geophysicists and operational firms are consulted on a case by case basis to get the best regional expertise and operations in the field.
Accounting
The CPA firm for corporate tax filing is Paula Jefferson and Associates, Hurst, TX.
The accounting firm for well revenue and operations is Clevenger and Associates, Dallas, TX.
Banking
JP Morgan Chase Bank holds all project funds and operating accounts for MDC. The primary Chase Bank branch is in Colleyville, TX. A segregated account or escrow account is set up for each offering to hold funds for drilling and completion operations per project.
MDC Strategies
- Continue to find and fund: (a) primarily reduced risk developmental oil/gas prospects in the US, with (b) Proven and/or Probable recoverable reserves that (c) offer diversification and (d) have 1 to 2 year “payout” projections with (e) at least 4 to 1 estimated return on investment.
- JV with reliable industry operators or oil/gas companies that also have WI in the well prospect(s).
- Acquire significant interest in the lease(s) and well prospect(s) to be developed.
- Fund and drill the prospect(s) on a timely basis to obtain prompt results and return on investment.
- Expand the scope of offerings to include multiple well and field prospects, and mineral rights.
- Look for synchronous business opportunities that augment the developmental and financial capabilities of MDC such as capital sources, emerging energy technologies or other business developments that are profitable energy related opportunities.
Primary Goals
- Ongoing: Continue relationships and growth with non-industry investment partners. Establish new relationships with larger sources of private capital, primarily with Broker-Dealers and/or private venture capital sources, and with foreign investors.
- Three to five year plan: Expand the scope and size of projects to develop U. S. oil and natural gas reserves, add select projects for synthetic and mixed fuels. Promote New Technologies to utilize coal, wood, garbage and other feed stock for bio-fuel production. Promote select precious mineral development projects primarily in the U.S. Acquire mineral rights and/or producing wells for royalty revenue that is free of operational expenses.
- Oil/gas properties and/or companies to be acquired and developed: Find more high quality prospects categorized as Producing, Proven Un-Developed, Proved-Probable or have a high probability of success is the priority of MDC. Acquiring a company that holds desirable leases and/or operations and equipment is a complementary or alternate goal.