Central TX Offset Lease Development Program$ Protected
400 acres with existing disposal well and gas pipeline access. Ran by Texaco in 1970’s
Company that has acquired this lease has produced 3 other leases in the area with consistent results
Plan is to drill 5 wells to 2,800’ and test the Marble Falls and the Caddo
Estimated 50-150MBO recoverable with production rate 50-120 BOPD in the MF alone
Estimated Payout conservatively between 6-18 months and 5:1 – 15:1 ROI
Price above for 1%WI in all 5 wells @ 75%NRI before payout and 65.625% APO
ID 1184
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