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Jan 7, 2019Onshore Southern Louisiana Oil and Gas well to be drilled into 200 acre reservoir. Project cost to investor $3.6 Million. Net return to investor approx. 10x. Life is 18 years based on 3 zones at 4-6 years each. Based on $50 Oil $3.00 gas. Oil gets $3 premium over WTI, gas gets 10% premium. After obtaining 3D seismic from Exxon was able to positively identify 200 acre zone of interest 1000 feet from original well which has 3 horizons by Geo Physicist. Will re-enter original wellbore and step out 1000 feet drill to 13,660 feet. Reserves show 2.1 mmbo and 21 BCF gas. Production based on 400 bd and 3 mmcfd gas initial production. Engineering report available.

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