Sovereign Royalty, the Parent Company, was formed in March 22nd, 2007, for the principal purpose of reviewing oil and gas development prospects upon which Partnerships and Joint Ventures could be formed with other small to medium size Energy Companies to engage in exploration, development and production activities primarily in Texas, Louisiana, Oklahoma and Bakken Shale in North Dakota. However, now that we currently are full partners with the Investment Banking Firm, Paramount Capital. We now reach out to thousands of Energy and Production Companies around the country in need of funding and financing from the Global Private equity markets. Paramount currently manages over 2 Billion in Capital Developments. It is intended that the services which Paramount and Sovereign Royalty will provide to the Projects In-house Financing to other partnerships, joint ventures or entities with which Sovereign Royalty may participate in connection with oil and gas exploration, development and production activities thorough out the USA.
The Sovereign Royalty Management will rely upon the services and advice of consultants who are available to the such as Geologist, Petroleum Engineers, Geophysicists and Oil Service Companies on a contract, per day or hourly basis. The Managing Venture may also employ such engineers and marketing personnel on a consulting basis in order to have available the benefit of their specific knowledge. Prior to Completion, Sovereign Royalty will be responsible for all costs of such consultants. After Completion, if the Prospect Well is Completed, the costs of such consultants shall be borne by the Joint Venture.
Kevin Hoskins, age 52, Dallas, Texas, is the founding member and the President of both companies. A native of Kentucky, graduated in 1979 and moved to Dallas, TX in 1980. With over 25 years in the domestic oil and gas industry, overseas gold and diamond mining, international finance and NGO (Non-Governmental Organization), Humanitarian Aid Developments in many West Africa Countries since 1992. His professional activities include working for several Registered Broker/Dealers as a Licensed 22 and 63 representatives for energy companies. He has participated in drilling, testing, logging, completion and well operations in Texas, Louisiana, Oklahoma, Wyoming and Kansas as well as deep platform gas wells in the Gulf of Mexico.