Koil Energy Solutions Inc. (KLNG)

[SageWise]

Dragonfly Capital advised Prospect Capital earlier on a $6M financing
http://dragonflycapital.com/aboutus.htm

Prospect Capital site:
http://www.prospectstreet.com/index.htm

From their earlier SEC filing:
http://www.snl.com/Cache/4644381.pdf?FID=4644381&O=3&IID=4092630&OSID=9

"Prospect Capital Provides Growth and Recapitalization Financing to Deep Down
<p>NEW YORK, NY -- 08/09/2007 -- Prospect Capital Corporation (NASDAQ: PSEC)
("Prospect") announced today that it has provided growth and
recapitalization financing of approximately $6.0 million to Deep Down, Inc.
("Deep Down"), a deepwater drilling services and manufacturing provider
based in Houston, Texas.
</p>
<p>
Deep Down, founded in 1997, produces a line of specialized products,
including umbilical hardware between platform and subsea wellheads, flow
lines, distribution systems, steel flying leads, morays, carousels,
umbilical terminations, controls, winches, and launch and retrieval
systems. The company also fabricates component parts and assemblies for
subsea support distribution systems specializing in the development of
offshore subsea fields and tie backs. In addition, Deep Down provides
installation management and engineering services for subsea applications.
Deep Down is led by Ron Smith, President and Chief Executive Officer, who
has more than 25 years of experience in the offshore deepwater subsea
industry, and Gene Butler, Chief Financial Officer, who was formerly the
Chief Executive Officer of Weatherford International, Inc., one of the
largest diversified upstream oilfield service companies in the world. Deep
Down's strategy is to consolidate and grow service and manufacturing
providers in the offshore industry.
</p>
<p>
Deep Down is utilizing Prospect's financing for growth capital and
repayment of existing liabilities. Prospect's investment is in the form of
a senior secured debt instrument. Prospect has received warrants in Deep
Down as part of its investment.
</p>
<p>
"Prospect's capital will help us grow our business to meet the robust
customer demand that we see in the subsea market, as well as significantly
enhance our ability to achieve the strategic objectives we have set for
ourselves in the creation of shareholder value," said Ron Smith, President
and CEO of Deep Down.
</p>
<p>
"We believe Deep Down is well positioned to continue its growth in the
deepwater offshore business, a market we view as attractive," said Mark
Hull, an investment professional with Prospect Capital Management.
</p>
Section 2: EX-99 (PROSPECT CAPITAL PRESS RELEASE)"