For sale proven heavy oil reserves (mineral rights) located on 4,071 acres of land and minreral rights located in, Texas. Included in the sale are 3 Ranch homes and 1 hunting operation. This property is near the Eagle Ford Shale located in South Texas, producing from various depths between 2,000 and 12, 000 feet. The Eagle Ford is still an emerging shale oil producer. Discretionary Earnings (EBIDTA) shown are projections.

Previously there were nine test wells drilled in the 1960's on the property. All of the test showed the presence of heavy oil. New wells were drilled in 2014, they are located a few hundred yards from this property. We have available a well log record for one of the wells, from a property very near (a few hundred yards), the log shows the presence of heavy oil. The logs are available and will be shared upon an execution of an NDA. Additional information supporting the presence of oil reserves is documented in a geologist report. Also, the area south of this property has had an ongoing development and production of this same heavy oil for many years with significant recoveries in excess of 30% and as high as 50%. Well logs provide the bed thickness to be in excess of 70’. Additional drilling records of the area are available through the "Texas Railroad Commission Permit Inquiry" site. Details will be made available upon execution of an NDA.

Currently, there are wells near offset being drilled and developed using the cluster of 5 procedure. Calculated recoverable reserves are 98,600,000 Bbls of oil at 30% recovery. The calculated value is now placed at $4,390,000,000 using a net $45.00 per Bbls of oil.

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