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4000 Acre Lease with permitted SWD
Surrounding production and shut-in well on lease indicating presence of King Sand formation. (Shut-in well produced 9MBO but completed incorrectly by previous group)
Plan is to drill single offset well to 2,800’ to test and complete in the King Sand
Estimated 30-60 MBO recoverable with production rate estimates 25-50 BOPD
Estimated Payout conservatively between 10-18 months and 5:1 – 8:1 ROI
Price above for 1%WI @ 75%NRI minimum 2%WI purchase. First well in a 5 well program (first right of refusal on subsequent wells). WI Purchase after log may be available but subject to change.
15%WI available
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