1280 acres in McKenzie County.
Highest producing county in the United States. The State of North Dakota reports a 99% success rate for the last 8,000 wells drilled in the surrounding area. The state also reports a break-even price of 26$-28$ dollars per barrel. Even at 40 dollar oil, payback is less than a year. 80% of invested funds are eligible for tax deductions.

Initial 1 Well project, with potential for 6 more.
We are looking for direct participation, industry partners, or broker dealers to help us finish this project. We have acquired a drilling permit and a road permit. We have just signed an agreement with the vendor to begin road construction to pad site.
Estimated cost for drill, test and completion is around 5-6 million.
1% Working Interest 0.75% NRI= $110,000
We have 25 percent left of the project and are looking to close it out as soon as possible.

Posted Jun 20, 2016

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