$1.6mm Firm On This.

Section 46, Block 35 T4N, T&P RR Co. Survey, Dawson County, Texas

a) S/2 [Leasehold]: 320 Net / 320 Gross All Depths
-leased for 3 years + 2 year extension from 2/5/2016
-delivering 75% NRI (25% lease royalty)

b) NE/4 [HBP]: 160 Net / 160 Gross All Depths
-delivering 75% NRI (25% lease royalty)
-held by production from the "Hanson 46" lease operated by Hannathon Petroleum LLC
-1 producing vertical Spraberry well (API: 115-33665) with first production on 6/9/2014, currently making ~16 bopd

Spraberry, Dean, Wolfcamp, Strawn and Miss are proven in this area.

Posted Sep 16, 2016

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