Company with solid book into both oil and gas and solar/wind industry (actually did better this year than last)
Fleet vehicles and contracted labor with solid distribution and back office
Low Debt to Income Ratio
Contact us for direct information with NDNC
Operator to drill 10 wells to the New Albany Shale to test shallow vertical depths (less than 5,000’) with 1800’ Hz legs
Shale is NATURALLY FRACTURED...estimated 3-4 stage fracking upon good test
3 Conventional Untested uphole zones have direct offsets of 125 bopd, 525 bopd, and 580 bopd IP
Estimated payout of wells of less than 5 months @ $54 oil in shale alone
Estimated monthly break-even is at $20 BO in shale alone
Estimated 5:1 to 15:1 ROI over well lifetime
Natural gas reserves (in contract phase) for added value
Operator has 90% success rate drilling in the Basin
$15k per 0.125% WI Point @ 85%NRI
$28k per 0.25% WI
$106k per 1%WI
1100 acre Leasehold regionally located along Eastern margin of the Delaware Basin
Highly active O&G development area, with operators such as Felix (WPX), Jagged Peak (Parsley), and Oasis
Historic horizontal production mainly from Wolfcamp A, with operators recently successfully testing the 3rd Bone Spring in the immediate area
1st well drilled (initial 1-mile lateral) exhibited IP30 of 550 BOPD / 650 BOEPD and has cumulatively produced 145 MBO /170 MBOE to date (1st production September 2018). Currently producing 150 BOPD + gas.
Recent down spacing tests by offset operators confirming 8-wells/section for multiple landing zones
Price and dataroom subject to Non-Disclosure Agreement
80 acre lease with 400 acres for expansion in Jefferson County, KS
Lease has produced from
1,500' in McClouth Sand
Now the wildcat:
1 well half a mile away was drilled to 3,200' in the 1920's with only geologist notes showing 100ft of oil never completed around 3,100'
The notes, however, make it very appealing for further inquiry with academics keenly interested in the tests.
Plan is to drill to 3,200' to test multiple zones for oil, gas, condensate, He, etc.for economic development (based on academic hypotheses).
McClouth Sand (secondary target) estimated to produce 2-5 bopd if primary target uneconomical.
75%WI available @ 85%NRI for blocks of 5%WI @ $9.5K to the casing point only. Cash call based on findings for completion.
Offset well produced 35 boepd for 24 months before casing failure under a different operator on lease
Operator has recently performed similar program on adjacent lease with favorable returns in same formation
Estimated 30-50 boepd (mostly oil)▪Payout estimated between 12-18 months conservatively
12%WI available @ 75%NRI rate at the following amounts:
1/64: $7,675 1/32: $15,345 1/16: $30,690 1/8: $61,380
These are not an offer to buy or sell securities. We are not a United States Securities Dealer or Broker or United States Investment Adviser. Do your own due diligence and consult with a licensed professional before making any investment decisions.