Fair Market Valuation forms are typically required if you have purchased interest via an IRA custodian. You can find the form and the due date by visiting your IRA custodian’s website.
Vantage IRA is the primary custodian for the majority of our Joint Venture partners. Vantage IRA has made an agreement with Swan Energy to accept mutual client Fair Market Vaulation forms after their January 9th deadline.
Swan Energy may provide an estimate for your asset which may be in development and/or have continued development. Swan Energy is not an expert at valuing oil and gas interests and we do not retain a reserve engineer, however, we do believe our valuation technique arrives at an estimated value that is sufficient and reasonably accurate. This valuation technique does not account for the restrictions on transfers which exist because these units are owned in a Joint Venture. This valuation should only be used for the purpose it was created and not relied on by third parties.