17 Feb KS Lease Development Phase I – ID 1214 – SOLD OUT!
1/2 units available-threshold met
640 acre lease with saltwater disposal and working equipment
Operator to re-test at least 1 well on lease with 2 re-entry candidates in the MS Lime
Plan to perf and hit with large sand frack to produce 20 bopd & 500 mcfpd
Estimated payout of wells of less than 4 months @ $65 oil and $4 gas in single payzone
Estimated monthly break-even is at $25 BO
$19,800 per unit (7.5%WI) with 10 units for sale (75%NRI) or $10k for 1/2 unit (3.75%WI).