Description

Looking for investors to buy in on my rework program for a 4,113' dual zone gas/oil well. Will rework Caddo, Conglomerate zones Shut in at this time seeking investors to fund project.
Potential of 20 mcf gas plus 2-4 bbls oil.
Todays prices, potential of 1.5 - 2.4 year pay out.
Fully equipped, just need funds to rework the well , upgrade equipment. Re-perf, acidize / frac.
Conglomerate zone was perfed, acidized,swabbed back in 1983, with 200' free oil entry, plus good gas blow, but a plug set over zone and never tried, i have now drilled plug out, did some work on equipment. Selling 1% points in well as follows:
$800.00 per 1% + 1.4492753% WI
For the full 70% NRI , 100% WI
If buy partial 70% then it's $1,000.00 per 1% and a limit of at least 10% NRI.
Like I said investors only, not needing to be bonded, I am bonded, pump lease, oversee all field work. 36 years experience on hands in field. I will oversee all work.
Look foward to investing and future investments as well.

Posted Oct 6, 2015

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