Have a great infield oil and natural gas prospect.

Some of the highlights include:

1. Right on trend with control wells 2500 ft on each side

2. Targets at 6200 feet (atoka conglomerate )and 4500 feet(canyon)
gas line tap only 700 ft away.

3. Very reasonable exploration costs $314,730 drilled tested and completed to
the tanks for a 625o foot well.($52 a foot) leasehold costs $80,000.

4. A 2mm cubic foot a day /40 barrels condensate well at $3.00 gas and $ 45.00 oil
could payout in under 90 days .

5. An eur of 3 bcf and 50,000 barrels of condensate would be an 18 to 1( some nearby wells
have done over 4bcf)

6. Low carry to the tanks of 12.50% wi on first two wells. (75% nri)

7. One additional excellent oil prospect at 4500 feet include on the 320 acre lease

8. Operator is onsite and has operated in the area for 35 plus years

This prospect makes a lot of sense! Drilling costs have come way down in this area of west Texas. Take advantage of these low prices to drill a great prospect with excellent control and big upside. Might be good for a syndicator or promoter looking for a great lower risk exploration project.

Call and e mail for additional information

Oil and gas exploration is considered high risk and can result in 100% loss of invested capital. This prospect is for oil and gas exploration companies and industry players that understand the inherent risks and rewards of oil and gas exploration.

Posted Sep 28, 2016

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