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Location
Category
Description
2 wells to be drilled on separate leases in- 460 acres
Gardner, Morris & Fry Sand Payzone @ 5,000′
Similar wells drilled by Operator in area this summer have paid out 1/2 of raise in less than 5 months
Estimated 60 MBO per well. Ave 60 BOPD first year. Declines typical of sands
Estimated payout under 15 months
20%WI available @ 76%NRI equivalent. Pricing above per point with minimum 2% purchase
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