Because our clients asked us to do it, SBS has developed a powerful methodology for Due Diligence in energy projects.
We took the check lists from leading banks. We took "criteria" from equity and mezzanane lenders.
Our process resloves issues and digs for solid facts. If it makes sense, this is the best insurance policy you can buy. It is better to spend a few thousand dollars than to lose a few million in a bad deal.
Below is our basic check list
* Third Party Engineering
* Title Opinion
* Validation of Production Data
* Invoices verified
* Proof of assets in the field
* Logistics verification
* Reporting and Bond coverage
* Tax reporting / Liens
* Legal registrations
* Environmental considerations
* P&L and Balance sheet development
* Project Pro Forma
* Sales Contract verification
* Supplier verification
* Operator validation
* Liquidating Schedule
* G & A and project budgeting
* Board of Directors
* Key Personnel Bio's
