SOLD – Central TX Shallow Producing Lease for Sale$ Protected

*SOLD*

240 contiguous acres on 25 year old producing lease.

4 stripper wells producing 3-4 BOPD combined from the crosscut sands 1,350’ with $800 in MOE (pumper & electricity).

2 injection wells and 27 rework candidates

Reserves remaining estimated at 10-15 MBO in lease

27 re-entry candidates with some estimated to produce 4-12 BOPD once reworked. No open hole issues with TRRC

Equipment in very good shape with estimated salvage value of $125K (REDA pumps)

Op or non-op

$300K for 75%NRI

This is not an offer to buy or sell securities. We are not a United States Securities Dealer or Broker or United States Investment Adviser. Do your own due diligence and consult with a licensed professional before making any investment decisions.

State: Texas

District: 7B

County: Protected

Category: Well/Lease

Property Owner Name: Protected

Property Owner Email: Protected

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Date Posted: Monday, January 27th, 2014

*SOLD* – Central TX Shallow Producing Lease for Sale$ Protected

SOLD – Central TX Shallow Producing Lease for Sale$ Protected