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Phase I consists of drilling a single test well on 220 acres
Multiple target payzones including Marble Falls, Conglomerate, and Strawn.
Well at same depth in area currently producing 30 BOPD & 175 MCFGPD drilled and completed 3 years ago.
New wells being drilled in area by other operators at same depths (blanket formation).
Estimated 40 MBO in reserves (conservative).
Estimated payback under 12 months including expenses under low performance expectations.
Depth target of 4,600′
First right of refusal on additional well participation on the 220 acre lease
100%WI @ 75% NRI – operator has back-in of 12.5%WI after payout.
Pricing is per block of 10%
Please contact us if interested.
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.
*SOLD*