New Eagle Ford Production For Sale.

Company is a Texas based Corporation and has an on-going leasing and drilling program. Selling up to 100% Working Interest as production in new Horizontal Eagle Ford Wells.

Company drills, completes and flows back horizontal Eagle Ford wells on locations that Company owns or controls. When the well reaches 400 BOEPD, Company sells by assignment up to 100% of the wellbore and the acreage necessary to hold the well to the new owner as production.

Every well drilled will meet the following criteria:

•Eagle Ford EUR’s of 350 – 400M BOED to be established before closing.

•Each location will have a comprehensive reserve study

•Wells must reach 400 BOEPD or higher before they will be sold or assigned

•100% working interest of flush production sold during flowback, less operating expenses, royalty and taxes, is be paid to the new owner(s) at closing.

•Company will retain all ownership of wells that do not flow 400+ BOEPD

Potential production buyers must have their production purchase funds escrowed under a mutually agreeable escrow agreement before the well is drilled. (When the well reaches the above targeted 400+ BOEPD, working interest ownership of the well is assigned to the production buyer(s) and the escrowed funds will be released to Richfield.

Company will sell up to 100% of the well working interest to a single purchaser or in increments of no less than 25% to four different owners. If there are multiple owners in the well, Company or its designee will operate the well. A 100% working interest owner may select the operator.

Company will be drilling multiple wells in 2016. Previous production buyers will have a limited time first right of refusal to buy production on subsequent wells.

Company and or its associates have been drilling horizontal oil wells for the last ten years throughout Texas. For complete information about the company, its abilities and this project contact:

Posted Jan 22, 2016

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