3 wells doing 3 BOPD total with 2 injectors.
60 acres - 2.5 acre spacing.
Callahan County TX - Tannehill Sand and King formations.
Estimated hard cost to D&C single well @ 1500' estimated at 65K with equipment.
Produce up to 8 - 20 BOPD per new well.
$16K in equipment replacements could bring lease to 5 BOPD.
Can do ops if needed and help raise funds to drill first 3 locations
$200K for 77.5%NRI.
Please contact us for more information
This is 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.
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