
Fifteen years ago Lime Rock Resources LP co-CEOs Eric Mullins (right) and Charlie Adcock (left) built the direct investment fund on an acquire-and-exploit strategy, which still works today. “A lot of folks ask what’s the inherent value of [an] asset,” said Mullins, “but that’s not the question we’re asking. The question we’re asking is ‘What price can we pay for this asset and make money for our investors?’ It’s a very different question if you think about it.” (Source: Steve Toon/Hart Energy)
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