This combined document includes an OG4 Limited Partnership term sheet (offering OG4 Units) and the full Private Placement Memorandum for Iron Horse Energy Fund 1, LP (dated September 5, 2025). The Iron Horse PPM describes a $100M style capital plan (proceeds schedule) and an offering of Units (Classes A–D) to accredited investors with significant minimums (Class A $1M up to Class D $10M). Key commercial facts: Fund targets monthly production-based distributions, targets a 2.2X–3.5X equity multiple, estimates a seven-year term, charges a one-time Organization & Administrative Fee (10% in Iron Horse PPM) and an annual Adviser fee of $10,000, includes capital call provisions (15‑day cure), and proposes contingency reserves of ~10%–15% of AFEs. Management and sponsors: Courtney Moeller (CEO, Fast Ball / Managing Partner) and Rick Boneau (COO). The Iron Horse Fund has allocated ~ $10M to a Fulcrum Energy Niobrara/Basin position (8 new wells spud July 2025; 4 existing wells producing from Jan 1, 2025). Units are restricted; offering termination backstops include Nov 30, 2025. Investors must be accredited per Reg D and follow Subscription procedures (Schedule A/B, K-1 reporting, escrow mechanics).
Questions this document answers
$10,000 per year
10% of total committed capital on the Final Closing Date (Iron Horse PPM)
2.2X–3.5X equity multiple (target)
Seven (7) years (estimated)
Class A $1,000,000; Class B $2,500,000; Class C $5,000,000; Class D $10,000,000