We plan to drill a new well in Southern Oklahoma only 1,500 the south of the largest producing well in the Jefferson County. The initial Pogue 1-3 well Drilled in 1985 to the north produced 330,000 BO and 40,000 Barrels Condensate within the first 18 months. We have actual sells records. Full payout on the Pogue 1-3 was in 29 days.
We have located and confirmed an untested fault block adjacent to the Pogue 1-3 well separated by a fault. The anomaly confirmed is 500 ft. high to the down-throne Pogue 1-3 well.

We validated the location of this anomaly using seismic, geochemistry, and the most accurate and advanced hydrocarbon locating tool in the O/G industry. Radio Metric Plus. We also have local well history and local well maps surrounding this area.

To further validate our discovery we acquired a 3rd party independent petroleum engineering report completed
The acreage is under our leasehold, including a 2nd drill sight location if necessary to drill a second well.

To be discussed.

Estimated cost 2.5 Million to dill and complete 1st well OR 5.5 to drill 2 well.

Full Estimated Payout 30-90 DAYS

We retain ownership of 25% WI and Participate ONLY after Full well payout.
We estimate 1 Million BO can be produced within 3-5 years. This is a proven Established Oil Field.

Posted Jul 31, 2013

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