Details - Information last confirmed on September 3, 2020

South Central Texas 120 Well project

Amount of Capital Required: $5,000,000 in first round and $15,000,000 second round funding

The producing wells that we are going to acquire are producing $80,000 a month Net currently. Out of the 113 Oil wells and 7 Injection wells on this site, only 40 are producing currently. The other oil wells need minor mechanical work to bring them back online or back to full operation. After all wells are back up to full production we will then drill down to the next formation and do a dual completion, the income will be approximately $400,000 Net per month.

Reserves The reserves of this site are significant at 2.3 Million BBL (See Reserves report). In addition we have multiple zones to pull oil from. The oil that is recovered sells at (+) $5 per BBL

If you require any additional information, please do not hesitate to contact me. If there is a serious buyer then they will provide financials- POF.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.