This prospect is 2,045 with 75% WI and 80% NRI acres in Kern, County California. This is a production deal with no drilling risk. There are currently 12 wells drilled on the lease. The lease is currently producing approx 3 loads of oil per month from 3 wells. The development plan is to rework all 12 wells and the upside potential is +-150 BOPD after minimal reworks in the Monterey Shale "Antelope Interval" with 10-12 new PUD Wells to be drilled with 800,000 BO concluded by geologic study revoverable. Future EUR of 200-250K BO on a secondary recovery basis in the Etchgoin interval. This lease has around a 2 MILLION barrel EUR potential. This asset is priced to sell quick.

Posted Apr 25, 2016

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