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Noack Project: 2 Production Wells & 1 New Drill

Our firm is in search of an individual investor or group of individual investors for an oil play in Williamson County, TX.

Our firm is presenting two production wells on the Noack Lease, with a 75% NRI and 100% WI. The investment is $50,000 for the Noack Lease. The attorney will allocate funds to that lease after revenue is received, and you can expect the wells to be focused fraced in 15 days. We will keep the rig on location for 1 – 2 weeks in case sand comes in and the wells need to be washed out from the focus frac. If this should happen, we would have to wash out 1 time and then start up the new drill 2 weeks after the focus frac is completed. Serpentine #1 – In order to have a new well in production, the approximate time is 35 to 45 days to drill,
complete, and install a facility to sell production, and the investment is $200,000.

1. The breakdown to secure the return of your initial investment back on the Noack Lease is that you would keep 65% WI until 100% of your money is returned. Then you would assign back to Brahma 40% out of your 65% WI and stay in the Noack Lease as well as retain 25% WI.

2. Serpentine #1 – We would drill the 1st well, and if it is dry, we will move over and drill the 2nd well. This lease would be a 75% NRI and 100% WI. You would keep 65% WI until your investment is returned. Then you would assign back to Brahma 40% WI out of your 65% and retain 25% WI.

3. The total investment on these 2 projects is $250,000. In order to secure the return of your initial investment if we drill 2 dry holes on the Serpentine Plug, you would keep 65% in the Noack Lease until 100% of your investment is returned from both projects. Then you will assign back to Brahma 40% out of your 65% WI and retain 25% WI.

For the complete project overview, please contact us.