Amazingly, the ingredients are simple!
- Financial Statements - preferably audited [important]
- Data on your production volumes - past and projected [important]
- Reserve reports (optional)
- A good enough banking relationship that enables you to obtain a letter of credit (optional)
- Cash - modest (if any) - a rule of thumb would be 30¢ to 70¢/Mcf
(NG) and $3 to $7/bbl (oil).