New drill on Producing Lease$ Protected
400 Acre Lease with SWD
Offset well drilled in August doing 45 bopd.
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. Second well in a 5 well program (first right of refusal on subsequent wells).
5%WI available
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