Location: Coleman County, Texas

The Lease has a well that was drilled in April 2015 and is currently producing 6-8 BOPD and 17MCF. The well initially came in at 106 BOPD, but due to the fact that the Gardner Sand zone was not properly opened the production rapidly dropped.

The lease has four productive formations as documented by Schlumberger’s formation analysis. We see a tremendous upside potential with fracking and eventually opening four pay zones. We estimate that changing the pump alone, which is currently slipping, will take the production from 6 BOPD to 12 BOPD. The plan of attack we have come up with is as follows:
1. Replace pump
2. Re Perf Gardner sands
3. 180 sac frack on the Gardner Sands (came in at 106 bopd)

The reason we think this method will result in the most optimized production on this well. We are conservative estimating 50 bopd. Estimated cost for the above plan $60,000.00

Testing and analysis was done with a leading company in Radiometrics, and their radiometric us system shows a reading of “5” on the entire area covered by the lease. The radiometric scale is based on a reading of 1-30, with 1 being extremely productive and 30 indicating a Dry well.

Posted Jul 18, 2016

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