Description

Kentucky's Very Best Oil Play Second Year in a row & possibly in the entire US Onshore tight oil group of plays on a cost of recovered barrel basis and the play is basically adjacent to the refinery.

Core Acreage in the Heart of the Berea Oil Production Fairway with Excellent Correlation Via Extensive Subsurface Geologic & Geophysical Data Acquired Directly Over the Acreage & Very Active Local Horizontal Field Development.

From monthly oil production data reported to the Kentucky Division of Oil and Gas, the average maximum monthly production rate for Berea oil wells come in at 1724 barrels/57.5 BOD, range (323 to 7,796) and compares to EIA Bakken average of 440 bbl day but with a well cost that is 13 times as high. which makes the average Berea well dollar equivalent to a 741 BOD Bakken well. Almost a 1.7-1 advantage over the average Bakken well.

Top Oil Producing Formation, NE KY remains #1 Position for Oil Production and for 2015 production was 1.64 million bbl 57.5% of total KY oil Production.


NE Kentucky. Very Low Cost Horizontal Oil Play.
Large Contiguous Acreage Position.
Shallow Horizontal Berea Sandstone Oil.

Berea Sandstone in excess of 120' per the KGS Formation Tops Report on closest control Multiple Pay Zones.

Drilling Depth Range TVD 1,500'- 1,900' Berea Interval Only

Per Well Estimated EUR's 37,500 to 50,000 bbl

10 Well Horizontal Program up to 500,000 BO

Neighbors include Nytis, Chesapeake and Continental.

Initial Open Flow Rates from this play have been released at up to 484 bopd and at these rates would Exceed average production from the (Bakken Play 2015 avg 30 day flush 440 bbl day) for something like 50 cents on the dollar.

Recent JV's such as the Carbon/Nytis/Liberty Deal work out to Liberty paying 120.41% for a 39.2% working interest after 20 promoted wells, prepaids & ORRI's. Deal was good enough that Liberty bought into a second 20 well program with Carbon/Nytis on 2-25-14.

This is a great opportunity to obtain a significant and highly sought after initial position in the core of this play, or to buy down an existing position.

Contact info must include verifiable information, no Gmail, Hotmail Cell phones etc

Posted Aug 26, 2013

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