Description

Seeking accredited investors to participate in an O&G Working Interest/NON-OP prospect. Approx 50% available.
*There is no production on this prospect.

Overview:
The Oil Prospect is a 160 acre highside fault closure that will test the Yegua-2 oil sand and develop the Yegua 4A, 4B and 7 gas/condensate reservoirs to a total depth of 6400’. The shallower Miocene and Frio sands will also provide additional upside potential and are found to be commercially productive in a number of nearby wells.

This is a low cost, multiple well drilling opportunity which offers substantial yegua-2 oil potential combined with the development of the Yegua 4A, 4B and 7 high BTU, gas/condensate reservoirs. Silverado is a well defined prospect using precise geologic control, 3D seismic data, and offers further hydrocarbon confirmation utilizing landsat 8 spectral hydrocarbon analysis in conjunction with remote sensing technology.

The primary objective of this prospect is to drill a commercially successful well by developing the updip reserves of the Yegua 4A, 4B and Yegua-7 proven productive reservoirs while providing significant additional oil potential in the regionally productive yegua-2 oil sand.

Posted Jul 27, 2016

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