20 Acres of land in Los Angeles County rich with minerals and proven reserves.
Production history records available and filed with the Los Angeles county Oil & Gas Division.
Oil & Gas Properties For Includes:
9 capped Idle oil wells with Proven Reserves & natural gas. These idle wells are grandfathered in since the 1850's.
Asking $19 Mill OBO
Seller will consider carrying back
Paved road & Direct access. 14 & 5 Freeways, Placerita Canyon Exit.
Appraisal value was $74 million for the oil only.
Natural gas deposits alone worth more than the oil. Visible gas bubbles 24 hours per day.
A huge lake underneath the land.
30 years of production reports filed & available with the Los Angeles County Dept of energy and oil.
You bring your geochemical appraiser and make an offer. lots of mining near areas.
The chromatograph shows a concentration between c7- c15 meaning this is very close to diesel & gasoline.
Seller will consider to carry-back. Sold As Is
No current production
• Already produced over 116.1 Million barrels of oil and 97.6 Billion cubic feet of gas & there's plenty more.
• 102 years of production history.
• New technology and higher price of oil should justify cost to drill & complete
Appraisal dated August 11th, 2011 & 2013 $74 MIL
Well history certifications reports from State of California dated 2009
Well summary report from US Dept of Oil & Gas dated August 24, 1981
Log and Core records of oil and gas wells report from US Dept of Oil
There are only State of CA estimates of the BOE/acre foot; there is no current third party reserve report
There is no estimate of the cost to drill & complete supported by engineering study
There is no estimate of LOE- No current production.
Disclaimer: Nothing in this email communication is meant to be a solicitation to buy or sell any security mentioned herein and appears as a matter of public announcement. Seller does not offer any warranties, guarantees or indemnifications.
Buyer to conduct its own appraisals & due diligence.
We can provide answers to your questions
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