Does EnergyNet provide engineering analysis on the properties listed on the auction website?
• Yes, EnergyNet provides engineering analysis per the seller’s request on larger value properties and operationally complex properties. We typically use 3rd party independent engineering firms that have expertise in a specific geographic region to provide reserve report analysis and to identify upside opportunities. We prefer to use independent firms to insure an arms-length approach to the commercial market evaluation of the properties and to maintain the integrity of our offering process. • What safeguards does EnergyNet have in place to make sure Operated Properties are sold and conveyed to reputable operators? • EnergyNet offers a secure system for collecting information and vetting operators prior to accepting bids for operated properties. Step 1: Operator Information Collection When bidding on an operated property, the potential buyer provide the following information about their operator status: the name of the operating company (or contract operator company if applicable), the
