Description

We are seeking $25-$165MM of liquid capital for our portfolio of Prospects. Seeking Accredited Investors that are knowledgeable and experienced in O&G investments.
Serious Inquiries only are appreciated. NCND will be sent for completion before all data can be viewed.

Note: There Is No Production. These Are Drilling Prospects.

Strategy: We desire to raise capital to fund the drilling of its portfolio of geologically and geographically diverse oil and gas prospects (all within the onshore continental USA). We will deploy its investment capital by retaining working interests in our best drilling prospects and by participating in both operated and non-operated drilling prospects alongside other industry partners.

PROSPECT PORTFOLIO: we have compiled a portfolio of drilling prospects, which is summarized herein. We believe that this portfolio, with the years of time and expense involved in assembling it, could not be replicated today. The portfolio is well diversified by geologic formation, geographic location, size, depth, operator, etc., and all prospects are currently owned or controlled by us. The top 10 prospects will test 1.08 TCF of gross gas and 15 MMBO of gross oil reserves. In aggregate, the prospects have a potential future value of $3.34B with a PV10 of $1.93B. The risk adjusted expected present value calculates to be $884MM. On an initial investment of $75MM this results in a 11.79 return on investment. In the likely event one or more of the larger prospects are successful the returns could be much higher.

Posted Jul 18, 2016

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