We've sat on the operator's side of the table.
Wellproof grew out of first-hand experience of how hard it is for an indigenous producer to raise money, even with a good asset.
Raising capital for an indigenous Nigerian oil and gas company meant about fifteen investor pitches before a yes. The asset wasn't the problem. Investors couldn't get production data they trusted, and nobody stood in the middle to verify it.
Wellproof is that middle. It gives operators a production record that is reconciled every day, explains its own gaps, and keeps its full history, so lenders and partners can check the numbers instead of taking them on faith.
Myles
Myles is the managing director of an indigenous Nigerian oil and gas company and holds a B.S. in Computer Science from Johnson & Wales University. He builds Wellproof at the point where those two worlds meet: the realities of running a field and the software that can make its numbers trustworthy.
Our principles
Honest numbers
History is never erased
No black boxes
Operators own their data
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